NON-FUNGIBLE TOKEN DIGITAL WALLET AS A GATEWAYFOR CONDUCTING RESOURCE-RELATED EVENTS/TRANSACTIONS

Smart overview of the Invention

A digital wallet designed for Non-Fungible Tokens (NFTs) provides users with a secure means to manage their unique digital identifiers. This wallet consists of two parts: a public portion that facilitates outgoing and incoming transactions, and a private portion that ensures the validation of certain incoming events. By employing a set of predefined rules, the wallet acts as a gateway, allowing users to control which resource-related events are accepted or rejected based on their origin.

Functionality of the Wallet

The NFT digital wallet generates both a public and private address for transactions. The public address is used for sending and receiving resources, while the private address is responsible for validating incoming events. Users can define rules to determine which incoming transactions require validation. This ensures that resources from unknown entities can be scrutinized before acceptance, thereby enhancing security against potential fraud or errors.

User Authentication and Event Management

Upon launching the wallet, users authenticate themselves using their associated NFT, which serves as their verified identity. This process leads to the display of the private side of the wallet, showing incoming resource-related events that require validation. Users can select specific events to validate, using their private address to confirm their legitimacy before proceeding with any further actions.

Address Monitoring and Security Features

The wallet incorporates advanced security features including monitoring for public exposure of the public address. If such exposure is detected, the system can automatically replace the public address with a new one while retaining the private address. Additionally, it employs machine learning techniques to predict potential risks based on public events linked to the public address, further safeguarding user resources.

System Architecture

The underlying architecture consists of computing platforms that facilitate the generation and management of the NFT digital wallet. Each platform includes processing devices and memory that store essential components like the wallet generator and monitoring engines. These components work together to ensure efficient operation, allowing users to manage their NFTs securely while benefiting from robust protection against unwanted resource-related events.