Microsoft, one of the largest software and technology companies in the world, patented a template service that will facilitate the creation of non-fungible (NFT) and fungible tokens in different blockchains.
The United States Patent and Trademark Office (USPTO) notified the approval of the patent on August 24 , in response to the application filed by the company on August 25. February 2019.
The proposal focuses on “the development of software that can help users to create and manage tokens in different networks quickly and efficiently”, as read in the report.
In that sense, Microsoft’s system will help make this process easier and more fluid. To achieve this will present the user with various templates with some functions and features.
Then, when the user selects one of the options presented, the token will be created on the specified network. The templates offered may vary depending on the type of cryptoasset to be created or the physical asset it represents.
Among the variety of templates that the system incorporates, Users will be able to create fixed supply, variable supply NFT, or unique tokens of the kind generally used as collectibles. The software will incorporate functions to transfer, mint and burn certain amounts of tokens.
Until now, the company has not issued an official pronouncement so it is unknown when it would be launched this service of templates for tokens.
As reported by CriptoNoticias last year, Microsoft, IBM and Nasdaq created an alliance to standardize ecosystems based on tokens. At that time it was raised that the large number of existing blockchains has stalled the adoption of tokenized assets.
Standardization was sought at a commercial level so that companies could agree on distributed commercial models without first choosing a platform.
