PayPal Files Patent for NFT Purchase and Transfer System with Fractionalization and Royalties

PayPal filed a patent application for an NFT purchase and transfer system that could handle fractionalization, DAOs, and royalties.
The system would allow users to buy, sell, and transfer NFTs both on- and off-chain through a third-party provider.
It could accommodate fractionalized NFT purchases through governance tokens and support royalty payments to NFT creators.
The provider could offer compliance, risk management, wallet services, and off-chain transactions.
Any currency could be used in the system, which PayPal intends to customize in various ways like tokenizing real-world assets.

cointelegraph.com

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Posted 9/28/2023, 7:01:10 PM