Unknown Organization (20240378592). SYSTEM AND METHOD FOR DIGITAL CRYPTO TREASURE HUNT USING CRYPTOGRAPHICALLY SECURED ASSETS AND CRYPTOCURRENCY WALLET SEED PHRASES WITHIN ELECTRONIC ART simplified abstract

SYSTEM AND METHOD FOR DIGITAL CRYPTO TREASURE HUNT USING CRYPTOGRAPHICALLY SECURED ASSETS AND CRYPTOCURRENCY WALLET SEED PHRASES WITHIN ELECTRONIC ART

Organization Name

Unknown Organization

Inventor(s)

Jon Nelson Andresen, Jr. of Thornton CO (US)

SYSTEM AND METHOD FOR DIGITAL CRYPTO TREASURE HUNT USING CRYPTOGRAPHICALLY SECURED ASSETS AND CRYPTOCURRENCY WALLET SEED PHRASES WITHIN ELECTRONIC ART - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240378592 titled 'SYSTEM AND METHOD FOR DIGITAL CRYPTO TREASURE HUNT USING CRYPTOGRAPHICALLY SECURED ASSETS AND CRYPTOCURRENCY WALLET SEED PHRASES WITHIN ELECTRONIC ART

The invention is a means for owners/creators to set up cryptocurrency wallets and create and sell electronic art in the form of non-fungible tokens (NFTs) for a digital crypto treasure hunting game. Hidden clues within the electronic art lead players to determine the seed phrases of a treasure wallet, containing proceeds from NFT sales.

• Incorporates hidden clues in electronic art for players to find seed phrases of a treasure wallet.
• Players purchase NFTs, determine seed phrases, and enter them into a new game wallet to access cryptocurrency.
• Proceeds from NFT sales are stored in treasure wallets for players to find and claim.
• Players can move cryptocurrency to make it accessible only to them after solving the treasure hunt.
• Enhances engagement and interaction with NFTs through a gamified treasure hunting experience.

1. 1. 1. Potential Applications:

The technology can be applied in the creation of interactive and engaging NFT experiences, gamification of cryptocurrency ownership, and incentivizing player participation in digital art markets.

1. 1. 1. Problems Solved:

The technology addresses the challenge of creating unique and interactive experiences for NFT owners, increasing engagement with digital art, and providing a new way for players to earn cryptocurrency rewards.

1. 1. 1. Benefits:

- Enhances the value and utility of NFTs - Encourages player participation and engagement - Provides a novel way to distribute cryptocurrency rewards - Fosters creativity and innovation in the digital art market

1. 1. 1. Commercial Applications:

"Digital Crypto Treasure Hunting Game: Revolutionizing NFT Ownership and Engagement"

1. 1. 1. Questions about the Technology:

1. How does the technology ensure the security of cryptocurrency stored in treasure wallets? 2. What measures are in place to prevent cheating or exploitation of the treasure hunting game?

1. 1. 1. Frequently Updated Research:

Stay updated on the latest trends in NFT gamification, cryptocurrency rewards distribution, and digital art market innovations.

Original Abstract Submitted

a means for owner(s)/creator(s) to set up various cryptocurrency wallets and create and sell electronic art in the form of a non-fungible token (nft) in the creation of a digital crypto treasure hunting game. the premise of the invention is to incorporate hidden clues within the electronic art that allow a player to determine the words, number of words, and order of the words of the seed phrases of a treasure wallet, which will contain a portion of the proceeds from the sale and resale of the nfts. once a player purchases an nft, determines the seed phrases, and correctly enters in the seed phrases into a new game wallet, then the player will have access to any or all of the cryptocurrency that was in the treasure wallet and can move it to make it accessible only to them and inaccessible to other players.