System and method leveraging generative artificial intelligence to prevent future digital transactions using digital avatars of expired entities

A method of preventing future digital transactions in a decentralized environment (DT) using a first avatar of an entity that has expired, wherein the entity is a person who has become deceased or is another entity other than the deceased person, the method comprising:

• receiving, at a processor in the DT environment, a notification from the centralized (CT) environment that the entity has expired;
• identifying, at the DT environment using generative artificial intelligence (Gen AI), the first avatar that is associated with the expired entity and is usable in a virtual environment to perform digital transactions in the DT environment;
• generating, in the DT environment using Gen AI, an electronic proof of expiry (POE) of the first avatar and recording the POE in a blockchain ledger to cause the first avatar to expire and become an expired avatar;
• identifying, by the processor using Gen AI, digital assets or rights to perform digital transactions controlled by the expired avatar;
• determining, by the processor using Gen AI, whether there is a nominee that has been designated to be a recipient of the digital assets or rights to perform digital transactions controlled by the expired avatar;
• and
• in response to a determination that there is no nominee, generating, by the processor, a non-fungible token (NFT) that represents that the entity has expired and recording the NFT on the blockchain ledger.

A system for preventing an avatar associated with an expired entity from being used, the system comprising:

• one or more generative artificial intelligence (Gen AI) models that are configured to:
• determine that an entity is expired;
• identify a first avatar that is associated with the expired entity and is usable in a virtual environment to own digital assets or to perform transactions in a decentralized environment (DT);
• generate, in the DT environment, an electronic proof of expiry (POE) of the first avatar and recording the POE in a blockchain ledger as an indicator that the first avatar is an expired avatar that is not to be recreated;
• identify the digital assets or rights to perform the transactions controlled by the expired avatar;
• and
• determine whether there is a nominee that has been designated to receive the digital assets or rights to perform the transactions controlled by the expired avatar;
• a processor that is configured to:
• record the POE in a blockchain ledger;
• and
• in response to a determination that a nominee exists, transfer control of the digital assets or rights to perform the transactions from the expired avatar to a second avatar controlled by the nominee;
• and
• a POE repository in which a copy of the POE is recorded and additional expired POEs for avatars of other expired entities are recorded.