20240029512. METHOD AND DEVICE FOR PROVIDING GAME CONTENT BY USING CRYPTOCURRENCY simplified abstract (NEOPLE INC.)

From WikiPatents
Jump to navigation Jump to search

METHOD AND DEVICE FOR PROVIDING GAME CONTENT BY USING CRYPTOCURRENCY

Organization Name

NEOPLE INC.

Inventor(s)

Jae Hwan Park of Seoul (KR)

METHOD AND DEVICE FOR PROVIDING GAME CONTENT BY USING CRYPTOCURRENCY - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240029512 titled 'METHOD AND DEVICE FOR PROVIDING GAME CONTENT BY USING CRYPTOCURRENCY

Simplified Explanation

The patent application describes a method for depositing a cryptocurrency in a game, where the state of the cryptocurrency is changed to a deposit state and generates interest income. The interest income is then provided to a second user based on a winning condition, and the principal cryptocurrency is kept by the first user.

  • The method allows users to deposit their cryptocurrency in a game and earn interest income.
  • The state of the cryptocurrency is changed to a deposit state, indicating that it is being used for the game.
  • A first reward is generated as interest income for the first user who deposited the cryptocurrency.
  • A winning condition is obtained to determine how the interest income will be provided to a second user.
  • If the winning condition is satisfied by the second user, they receive the generated first reward.
  • The principal cryptocurrency remains owned by the first user throughout the process.

Potential applications of this technology:

  • Online gaming platforms could implement this method to allow players to earn interest income on their deposited cryptocurrencies.
  • Cryptocurrency exchanges could incorporate this method to provide additional incentives for users to deposit their cryptocurrencies.
  • Decentralized finance (DeFi) platforms could utilize this method to offer interest-earning opportunities for cryptocurrency holders.

Problems solved by this technology:

  • This method provides a mechanism for users to earn interest income on their cryptocurrencies, which can incentivize them to hold and deposit their assets.
  • It introduces a new way for users to interact with cryptocurrencies within the context of a game or platform, enhancing user engagement and participation.

Benefits of this technology:

  • Users can earn passive income by depositing their cryptocurrencies in a game or platform.
  • It provides an additional utility for cryptocurrencies, making them more attractive and valuable to users.
  • The method promotes user participation and engagement by offering rewards and incentives.


Original Abstract Submitted

provided is a method of depositing a cryptocurrency in a game, the method including, based on an input from a first user for changing a state of the cryptocurrency, changing a state of a principal cryptocurrency owned by the first user to a first deposit state in which a first reward is generated as an interest income as the principal cryptocurrency is deposited, obtaining a winning condition for providing a second user with the generated interest income, and based on the obtained winning condition being satisfied by the second user under the first deposit state, providing the second user with the generated first reward, and keeping the principal cryptocurrency owned by the first user.

Retrieved from "http://wikipatents.org/index.php?title=20240029512._METHOD_AND_DEVICE_FOR_PROVIDING_GAME_CONTENT_BY_USING_CRYPTOCURRENCY_simplified_abstract_(NEOPLE_INC.)&oldid=29103"