{"id":85163,"date":"2023-09-29T13:41:55","date_gmt":"2023-09-29T10:41:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=85163"},"modified":"2025-09-12T21:38:45","modified_gmt":"2025-09-12T18:38:45","slug":"paypal-files-patent-application-for-nft-marketplace","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/paypal-files-patent-application-for-nft-marketplace\/","title":{"rendered":"PayPal files patent application for NFT marketplace"},"content":{"rendered":"<p>The payments giant PayPal <a href=\"https:\/\/image-ppubs.uspto.gov\/dirsearch-public\/print\/downloadPdf\/20230298001\">\u043d\u0430\u043f\u0440\u0430\u0432\u0438\u043b <\/a>\u043d\u0430 \u0440\u0435\u0433\u0438\u0441\u0442\u0440\u0430\u0446\u0438\u044e four patent applications for registration for the launch of solutions related to NFT,<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\"> L2<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-metaverse\">\u043c\u0435\u0442\u0430\u0432\u0441\u0435\u043b\u0435\u043d\u043d\u044b\u043c\u0438<\/a>.<\/p>\n<p>Token transactions are expected to occur on-chain and off-chain through an unnamed third-party service provider. The document mentions Ethereum.<\/p>\n<p>PayPal aims to harness the full potential of NFTs for tokenization:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201c\u0410\u043a\u0442\u0438\u0432 \u0432 \u044d\u0442\u043e\u043c \u043f\u0440\u0438\u043c\u0435\u0440\u0435 \u043c\u043e\u0436\u0435\u0442 \u043f\u0440\u0435\u0434\u0441\u0442\u0430\u0432\u043b\u044f\u0442\u044c \u0441\u043e\u0431\u043e\u0439 \u043b\u044e\u0431\u0443\u044e \u0443\u043d\u0438\u043a\u0430\u043b\u044c\u043d\u0443\u044e \u0447\u0430\u0441\u0442\u044c \u0446\u0438\u0444\u0440\u043e\u0432\u044b\u0445 \u0434\u0430\u043d\u043d\u044b\u0445, \u043a\u043e\u0442\u043e\u0440\u0443\u044e \u043c\u043e\u0436\u043d\u043e \u043e\u0442\u0441\u043b\u0435\u0436\u0438\u0432\u0430\u0442\u044c \u0441 \u043f\u043e\u043c\u043e\u0449\u044c\u044e \u0434\u0435\u0446\u0435\u043d\u0442\u0440\u0430\u043b\u0438\u0437\u043e\u0432\u0430\u043d\u043d\u043e\u0433\u043e \u0431\u043b\u043e\u043a\u0447\u0435\u0439\u043d-\u0440\u0435\u0435\u0441\u0442\u0440\u0430. [\u2026] \u041f\u0440\u0438\u043c\u0435\u0440\u0430\u043c\u0438 \u0442\u0430\u043a\u0438\u0445 \u0430\u043a\u0442\u0438\u0432\u043e\u0432 \u044f\u0432\u043b\u044f\u044e\u0442\u0441\u044f [\u2026] \u0446\u0438\u0444\u0440\u043e\u0432\u044b\u0435 \u0438\u0437\u043e\u0431\u0440\u0430\u0436\u0435\u043d\u0438\u044f \u0438 \u0432\u0438\u0434\u0435\u043e, \u043c\u0443\u0437\u044b\u043a\u0430, \u043f\u0440\u0435\u0434\u043c\u0435\u0442\u044b \u043a\u043e\u043b\u043b\u0435\u043a\u0446\u0438\u043e\u043d\u0438\u0440\u043e\u0432\u0430\u043d\u0438\u044f \u0438 \u0434\u0440\u0443\u0433\u043e\u0435 \u0438\u0441\u043a\u0443\u0441\u0441\u0442\u0432\u043e, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0434\u043e\u043a\u0443\u043c\u0435\u043d\u0442\u044b \u043d\u0430 \u043b\u0438\u0447\u043d\u0443\u044e \u0441\u043e\u0431\u0441\u0442\u0432\u0435\u043d\u043d\u043e\u0441\u0442\u044c, \u0431\u0438\u043b\u0435\u0442\u044b \u043d\u0430 \u043c\u0435\u0440\u043e\u043f\u0440\u0438\u044f\u0442\u0438\u044f, \u0434\u043e\u0433\u043e\u0432\u043e\u0440\u044b \u0438 \u0434\u0440\u0443\u0433\u0438\u0435 \u043f\u0440\u0435\u0434\u043c\u0435\u0442\u044b \u0440\u0435\u0430\u043b\u044c\u043d\u043e\u0433\u043e \u043c\u0438\u0440\u0430\u201d<\/em>.<\/p>\n<\/blockquote>\n<p>The system can be configured in various ways. In particular, to enable fractional purchases through the distribution of<a href=\"https:\/\/forklog.com\/en\/news\/governance-tokens-vs-utility-tokens-whats-the-difference\"> governance-\u0442\u043e\u043a\u0435\u043d\u043e\u0432<\/a>. Subsequently, trading of the latter could be launched.<\/p>\n<p>Also among the options is the use of a \u201cservice-provider<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-dao-decentralised-autonomous-organisation\"> \u0414\u0410\u041e<\/a> to boost NFT liquidity via a dedicated platform.\u201d The tokens may provide for royalty income.<\/p>\n<p>The provider&#8217;s processing allows for the inclusion of compliance requirements and risk management. For users, owning their own digital wallets may be possible but not required.<\/p>\n<p>A third-party broker as an alternative may offer various token storage options and order placement. Off-chain transactions are processed within a \u201cuniversal wallet\u201d linked to the service provider and containing both buyer and seller wallets:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201c\u0422\u0430\u043a\u0438\u043c \u043e\u0431\u0440\u0430\u0437\u043e\u043c, \u043f\u043e\u0434\u043e\u0431\u043d\u044b\u0439 \u043f\u0435\u0440\u0435\u0432\u043e\u0434 \u043d\u0435 \u043d\u0430\u0445\u043e\u0434\u0438\u0442 \u043e\u0442\u0440\u0430\u0436\u0435\u043d\u0438\u0435 \u0432 \u0431\u043b\u043e\u043a\u0447\u0435\u0439\u043d\u0435. \u041d\u0435\u0442 \u043d\u0435\u043e\u0431\u0445\u043e\u0434\u0438\u043c\u043e\u0441\u0442\u0438 \u0442\u0440\u0430\u043d\u0441\u043b\u0438\u0440\u043e\u0432\u0430\u0442\u044c \u0442\u0440\u0430\u043d\u0437\u0430\u043a\u0446\u0438\u044e \u0432 \u0441\u0435\u0442\u044c \u0438\u043b\u0438 \u043e\u043f\u043b\u0430\u0447\u0438\u0432\u0430\u0442\u044c \u0441\u0431\u043e\u0440\u044b \u0437\u0430 \u0433\u0430\u0437\u201d.<\/em><\/p>\n<\/blockquote>\n<p>According to the application, any currency may be used in the system.<\/p>\n<p>In September PayPal<a href=\"https:\/\/forklog.com\/en\/news\/paypal-launches-crypto-to-cash-conversion-service\"> \u0437\u0430\u043f\u0443\u0441\u0442\u0438\u043b<\/a> a service converting digital assets to fiat.<\/p>\n<p>Previously the payments giant <a href=\"https:\/\/forklog.com\/en\/news\/paypal-adds-bitcoin-support-to-its-mobile-app\">\u0434\u043e\u0431\u0430\u0432\u0438\u043b<\/a> added the ability to buy, sell and transfer cryptocurrencies via a mobile app. The service supports Bitcoin, Ethereum, Litecoin and Bitcoin Cash.<\/p>\n<p>In August, the company <a href=\"https:\/\/forklog.com\/en\/news\/paypal-launches-paypal-usd-stablecoin-pyusd\">\u043e\u0431\u044a\u044f\u0432\u0438\u043b\u0430 \u043e \u0437\u0430\u043f\u0443\u0441\u043a\u0435<\/a> a USD-backed stablecoin PYUSD on Ethereum. The issuer of the coin was the infrastructure blockchain company Paxos.<\/p>\n<p>The asset <a href=\"https:\/\/forklog.com\/en\/news\/crypto-community-weighs-paypals-stablecoin-prospects\">\u0432\u044b\u0437\u0432\u0430\u043b \u043f\u0440\u043e\u0442\u0438\u0432\u043e\u0440\u0435\u0447\u0438\u0432\u0443\u044e \u0440\u0435\u0430\u043a\u0446\u0438\u044e<\/a> among crypto-community participants. Some believed PYUSD would foster broad adoption of digital assets, while others warned of centralization risks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The payments giant PayPal <em>sent<\/em> for registration four patent applications for NFT-related solutions, L2 and the metaverses.<\/p>\n","protected":false},"author":1,"featured_media":85164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[822,1213,570,182],"class_list":["post-85163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-marketplace","tag-nft","tag-patents","tag-paypal"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=85163"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85163\/revisions"}],"predecessor-version":[{"id":85165,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/85163\/revisions\/85165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/85164"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=85163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=85163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=85163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}