System for virtualization of non-fungible tokens

A computer program product for virtualization of non-fungible tokens (NFTs), the computer program product comprising a non-transitory computer-readable medium comprising code causing a first apparatus to:

• receive, from a second user input device, a first request to generate the NFT associated with a resource transfer instrument;
• generate, using an NFT generator, the NFT associated with the resource transfer instrument;
• record the NFT associated with the resource transfer instrument in a distributed ledger, wherein recording the NFT on the distributed ledger further comprises:
• generating a first transaction object for the NFT associated with the resource transfer instrument;
• and
• deploying the first transaction object on the distributed ledger;
• receive, via a first user input device, a resource transfer request using a virtual token from a first user, wherein the virtual token is electronically linked to the NFT of the resource transfer instrument;
• retrieve the NFT associated with the resource transfer instrument in response to receiving the resource transfer request;
• retrieve an NFT credential descriptor for the resource transfer request from a first metadata layer of the NFT associated with the resource transfer instrument;
• receive an authentication credential from the first user;
• determine whether the authentication credential matches an NFT credential descriptor that is electronically linked to the NFT associated with the resource transfer instrument;
• and
• authorize the resource transfer request based on at least determining that the authentication credential matches an NFT credential descriptor that is electronically linked to the NFT associated with the resource transfer instrument.

A method for virtualization of non-fungible tokens (NFTs), the method comprising:

• receiving, from a second user input device, a first request to generate the NFT associated with a resource transfer instrument;
• generating, using an NFT generator, the NFT associated with the resource transfer instrument;
• recording the NFT associated with the resource transfer instrument in a distributed ledger, wherein recording the NFT on the distributed ledger further comprises:
• generating a first transaction object for the NFT associated with the resource transfer instrument;
• and
• deploying the first transaction object on the distributed ledger;
• receiving, via a first user input device, a resource transfer request using a virtual token from a first user, wherein the virtual token is electronically linked to the NFT of the resource transfer instrument;
• retrieving the NFT associated with the resource transfer instrument in response to receiving the resource transfer request;
• retrieving an NFT credential descriptor for the resource transfer request from a first metadata layer of the NFT associated with the resource transfer instrument;
• receiving an authentication credential from the first user;
• determining whether the authentication credential matches an NFT credential descriptor that is electronically linked to the NFT associated with the resource transfer instrument;
• and
• authorizing the resource transfer request based on at least determining that the authentication credential matches an NFT credential descriptor that is electronically linked to the NFT associated with the resource transfer instrument.