Invention Title:

TECHNIQUES FOR FACILITATING BRIDGING OF NFTS ACROSS DIFFERENT BLOCKCHAINS AND ORCHESTRATING CROSS-CHAIN FUNCTIONS

Publication number:

US20250156828

Publication date:

2025-05-15

Section:

Physics

Class:

G06Q20/123

Inventors:

Teymour S. EL-TAHRY Detroit, MI, United States

Jonathan Yantis Grant's Pass, OR, United States

William Edward Quigley Pacific Palisades, CA, United States

Lukasz Jakub SLIWKA Las Vegas, NV, United States

Jason SELDON Los Angeles, CA, United States

Assignee:

VERONA HOLDINGS SEZC George Town, Cayman Islands

Applicant:

VERONA HOLDINGS SEZC George Town, Cayman Islands

Smart overview of the Invention

The disclosed technology addresses the challenge of interoperability between blockchain networks, particularly for non-fungible tokens (NFTs). It introduces a method for bridging NFTs across different blockchains using smart contracts and oracle servers. This process involves locking the source NFT on the original blockchain and either unlocking or minting a clone NFT on the target blockchain, ensuring a one-to-one relationship between the two tokens.

Methodology

Upon receiving a bridging request from a user's digital wallet, a first bridge smart contract locks the source NFT on the initial blockchain. An oracle server verifies this action and checks if a corresponding clone NFT exists on the second blockchain. If it does, the oracle instructs a second bridge smart contract to unlock it, granting user control. If not, the oracle directs the minting of a new clone NFT with identical attributes, assigning ownership to the user's account on the second blockchain.

Additional Features

The system also supports complex operations like unboxing pack NFTs and handling ownership transfers. For pack NFTs, coordination between bridge smart contracts and the oracle server allows unboxing while maintaining token integrity. Ownership changes of clone NFTs are synchronized back to the source NFT on the first blockchain, ensuring consistent ownership records across chains.

Integration with AI and Media Content

The technology integrates with generative AI platforms to link NFTs with unique media content. These NFTs can be cryptographically tied to media generated in response to user requests through their digital wallets. The NFT attributes include references to distributed memory locations for accessing this content, enhancing their value and functionality.

System Architecture

The bridge oracle operates as a cloud-based service interfacing with both blockchains to monitor transactions and coordinate cross-chain activities. This setup ensures reliable detection and execution of bridging requests and other relevant operations. The detailed description provides further insights into various embodiments and technical aspects of this system.