View source for M-League Pte. Ltd. (20240245996). Computer Implemented System and Method for Collecting, Trading, and Crafting Non-Fungible Digital Tokens, and Playing Fantasy Game Using Said Non-Fungible Digital Tokens simplified abstract

=Computer Implemented System and Method for Collecting, Trading, and Crafting Non-Fungible Digital Tokens, and Playing Fantasy Game Using Said Non-Fungible Digital Tokens=


==Organization Name==

[[:Category:M-League Pte. Ltd.|M-League Pte. Ltd.]]


[[Category:M-League Pte. Ltd.]]

==Inventor(s)==

[[:Category:Sai Srinivas Kiran Garimella of Bangalore South (IN)|Sai Srinivas Kiran Garimella of Bangalore South (IN)]][[Category:Sai Srinivas Kiran Garimella of Bangalore South (IN)]]

[[:Category:Nitesh Jain of Bangalore (IN)|Nitesh Jain of Bangalore (IN)]][[Category:Nitesh Jain of Bangalore (IN)]]

[[:Category:Venkata Krishna Mohan Vedula of Bengaluru (IN)|Venkata Krishna Mohan Vedula of Bengaluru (IN)]][[Category:Venkata Krishna Mohan Vedula of Bengaluru (IN)]]

==Computer Implemented System and Method for Collecting, Trading, and Crafting Non-Fungible Digital Tokens, and Playing Fantasy Game Using Said Non-Fungible Digital Tokens - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240245996 titled 'Computer Implemented System and Method for Collecting, Trading, and Crafting Non-Fungible Digital Tokens, and Playing Fantasy Game Using Said Non-Fungible Digital Tokens

The present invention involves a system for trading and crafting non-fungible digital tokens and playing a fantasy game using these tokens over a computer network.

* The system includes a blockchain network with a register for storing information related to the non-fungible digital tokens.
* It also features a minting module for creating the tokens and a bundle generator module for generating bundles of these tokens.
* Additionally, there is a fantasy application with a trading module for buying and selling tokens, a crafting module for creating higher rarity tokens from lower rarity ones, and a fantasy team generator module for forming fantasy teams and playing the game.

Potential Applications:
- Online gaming platforms
- Digital collectibles marketplaces
- Fantasy sports leagues

Problems Solved:
- Facilitates trading and crafting of digital tokens
- Enhances user engagement in fantasy games
- Provides a secure platform for token transactions

Benefits:
- Increased user interaction and enjoyment
- Diversification of gameplay options
- Secure and transparent token transactions

Commercial Applications:
Fantasy Gaming Platform: Revolutionizing the way users engage with fantasy games and digital collectibles markets.

Questions about the technology:
1. How does the system ensure the security of token transactions?
2. What sets this system apart from other similar blockchain-based gaming platforms?


==Original Abstract Submitted==

the present invention provides a system for trading and crafting non-fungible digital tokens and playing a fantasy game using the non-fungible digital tokens, over a computer network. the system includes a blockchain network including a register for storing information related to the non-fungible digital tokens. the system further includes a minting module configured to mint the tokens. further, the system includes a bundle generator module configured to generate bundles of the minted tokens. the system further includes a fantasy application that includes a trading module facilitates the users to buy and sell the tokens. the application further includes a crafting module that is configured to facilitate the users to craft the tokens of higher rarity using the tokens of lower rarity. the application includes a fantasy team generator module for allowing the users to create a fantasy team using said tokens and play the fantasy game.



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