Ryan executives Damon Chronis, president, Americas (left) and Matt Travis, president, U.S. operations [Photo, Ryan; Composite image, DI Studio]
Lewisville-based RedCritter's newly granted patent describes an "off-chain abstraction mechanism" (U.S. Patent No. 12632911) for distributing non-fungible tokens "in an educational or similar environment." According to the patent, the mechanism "abstracts away required knowledge and activities that are directly involved in the issuance to and collection of NFTs both on and off-chain by students thereby allowing teachers to focus simply on rewarding desired behaviors by issuing digital coins to students." All four inventors named on the patent are local: Robert M. Beaty (Flower Mound), Randy M. Whelan (Coppell), Erika D. Lambert (Flower Mound) and James L. Rockett, Jr. (Carrollton). [Composite illustration: DI Studio; fleaz/iStock; vectorfusionart/Shutterstock]