The document provides a detailed description of a systеm in which users can buy and sell non-fungible tokens (NFTs) through a third-party service provider. Although the specific provider is not mentioned, Ethereum is referenced in the text. The patent application also outlines methods for conducting transactions with NFTs.
PayPal (NASDAQ: PYPL) intends to harness the full potential of NFTs for tokenization, going far beyond simple exchange.
“NFTs can represent any unique piece of digital data that can be tracked using a distributed ledger. Examples of such assets inсlude digital images and videos, music, collectibles, other digital art, as well as documents for personal property, event tickets, and legal documents,” the application states.
PayPal continues to expand its cryptocurrency services. The company recently announced that users will now be able to convert digital assets into US dollars and withdraw them to their accounts.
