20240039725. SYSTEM AND METHOD FOR EDITING CUSTOM DECORATED DIGITAL IMAGE AND ISSUING THEM AS NON FUNGIBLE TOKEN simplified abstract (Kaura Inc.)
SYSTEM AND METHOD FOR EDITING CUSTOM DECORATED DIGITAL IMAGE AND ISSUING THEM AS NON FUNGIBLE TOKEN
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SYSTEM AND METHOD FOR EDITING CUSTOM DECORATED DIGITAL IMAGE AND ISSUING THEM AS NON FUNGIBLE TOKEN - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240039725 titled 'SYSTEM AND METHOD FOR EDITING CUSTOM DECORATED DIGITAL IMAGE AND ISSUING THEM AS NON FUNGIBLE TOKEN
Simplified Explanation
The present invention is a system and method for editing custom decorated digital images and issuing them as non-fungible tokens (NFTs). The system includes a user terminal device, a service providing server, and a blockchain server.
- User terminal device: Recognizes and authenticates a digital image identifier. It receives a digital image and a decoration code from the service providing server based on the authenticated identifier. It allows the user to enter a decoration page related to the provided digital image and perform decoration edition on the image using the provided decoration code. It generates and stores the custom decorated digital image.
- Service providing server: Provides the user terminal device with a digital image and a decoration code for decoration edition. It receives an NFT issuance request for the generated custom decorated digital image from the user terminal device. It transfers the received NFT issuance request to the blockchain server.
- Blockchain server: Issues an NFT for the generated custom decorated digital image to the service providing server.
Potential applications of this technology:
- Digital art marketplaces: The ability to issue custom decorated digital images as NFTs allows artists to sell and authenticate their digital artwork on blockchain-based platforms.
- Collectibles and memorabilia: Custom decorated digital images can be turned into unique collectibles or digital memorabilia, providing a new way for fans to own and trade digital assets.
- Branding and marketing: Companies can create custom decorated digital images as NFTs to promote their brand or products, offering unique and limited edition digital assets to their customers.
Problems solved by this technology:
- Authentication and provenance: By issuing custom decorated digital images as NFTs on the blockchain, the authenticity and ownership of the digital artwork can be easily verified and tracked.
- Counterfeiting prevention: The unique nature of NFTs makes it difficult to counterfeit or replicate custom decorated digital images, providing artists and creators with protection against unauthorized copies.
Benefits of this technology:
- Increased value and monetization: Artists can monetize their digital artwork by selling custom decorated digital images as NFTs, potentially earning royalties from future sales.
- Digital ownership and scarcity: NFTs provide a way to establish digital ownership and scarcity, creating a sense of exclusivity and value for custom decorated digital images.
- Efficient and transparent transactions: The use of blockchain technology ensures secure and transparent transactions for the issuance and transfer of NFTs, eliminating the need for intermediaries and reducing the risk of fraud.
Original Abstract Submitted
the present invention relates to a system and a method for editing a custom decorated digital image and issuing them as a non fungible token, and according to an exemplary embodiment of the present invention, the nft issuance system for issuing custom decorated digital images as a non fungible token (nft) may include: a user terminal device; a service providing server; and a blockchain server, and the user terminal device may recognize and authenticate a digital image related identifier, the service providing server may provide a digital image and a decoration code for decoration edition to the user terminal device based on the authenticated identifier, the user terminal device may enter a decoration page related to the provided digital image, and perform the decoration edition on a digital image provided based on the provided decoration code in the decoration page to generate and store the custom decorated digital image, the service providing server may receive an nft issuance request for the generated and stored custom decorated digital image from the user terminal device and transfer the received nft issuance request to the blockchain server, and the blockchain server may issue an nft for the generated and stored custom decorated digital image to the service providing server.
