The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 16, 2026
Filed:
Aug. 22, 2024
Ava Labs, Inc., New York, NY (US);
Michael Kaplan, New York, NY (US);
Patrick Robert O'grady, Palo Alto, CA (US);
Stephen Buttolph, Brooklyn, NY (US);
Aaron Buchwald, New York, NY (US);
Bernard Wong, Waterloo, CA;
Cameron John Schultz, Chicago, IL (US);
Geoffrey Stuart, Toronto, CA;
Matthew Lam, Brooklyn, NY (US);
Ava Labs, Inc., New York, NY (US);
Abstract
Various aspects of the subject technology relate to systems, methods, and machine-readable media for bridging native tokens. Various aspects may include initializing a first blockchain by allocating a plurality of native tokens. Aspects may also include transferring, using a bridge, one or more transactions from a second blockchain to the first blockchain using locked tokens on the second blockchain as collateral. Aspects may also include minting new native tokens at the first blockchain when a value of transactions sum to the plurality of native tokens and the plurality of native tokens are backed by the locked tokens. Aspects may also include reporting, to the second blockchain, the amount of tokens used for the transaction fees in the one or more transactions. Aspects may also include burning, at the second blockchain, tokens corresponding to the amount of tokens used for paying transaction fees.