PayPal's patent application shows it is paying close attention to the Layer2, NFT sector

Comparative news, according toBlockworksAccording to reports, according to a series of recently published patent application documents, Layer 2 and NFT appear to bePayPalResearch and development work focuses on some areas.

The latest application, published on Thursday, delves into the details of how validators or miners should be selected in the process of adding transactions to the blockchain. The document notes that the technology disclosed by the company could “advantageously allow blockchain requests to be directed to the required subset of miners/validators.”

A patent application proposes so-called new “methods and systems” to enable off-chain transactions through the NFT marketplace. Another application mentioned the omniverse concept, implying a product that deals with multiple metaverses. PayPal said it has developed an “online transaction processor” that can suggest which digital assets users should buy based on their blockchain preferences and which metaverse they most often interact with.

The PayPal patent application also mentions a conceptual online transaction processor. The goal of this processor is to facilitate payments between users and merchants operating on different network layers (L1 and L2) in a more efficient way.