Patent 12088720 was granted and assigned to Bank of America on September, 2024 by the United States Patent and Trademark Office.
Systems, computer program products, and methods are described herein for dynamically tracking resources using non-fungible tokens. The present invention is configured to electronically receive, over a distributed computing network from a computing device of a user, a request for a non-fungible token (NFT) for a resource, wherein the resource is a physical object; initiate a non-fungible token (NFT) generator on the resource in response to receiving the request; extract resource information from the resource; generate, using the NFT generator, the NFT, wherein the NFT comprises at least the resource information; and record the NFT for the resource on a distributed ledger.