NEXON KOREA CORPORATION (20240378669). BLOCKCHAIN-BASED CHARACTER TRADING APPARATUS AND METHOD simplified abstract

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BLOCKCHAIN-BASED CHARACTER TRADING APPARATUS AND METHOD

Organization Name

NEXON KOREA CORPORATION

Inventor(s)

Gihyuk Ryu of Seongnam-si (KR)

Daeun Jeong of Seongnam-si (KR)

BLOCKCHAIN-BASED CHARACTER TRADING APPARATUS AND METHOD - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240378669 titled 'BLOCKCHAIN-BASED CHARACTER TRADING APPARATUS AND METHOD

The abstract describes a blockchain-based character trading apparatus and method that allows users to trade characters acquired in a game using an electronic wallet based on a blockchain.

  • Simplified Explanation:

This patent application is for a system that enables users to trade in-game characters using a blockchain-based electronic wallet.

  • Key Features and Innovation:

- Utilizes blockchain technology for character trading - Characters acquired in games can be traded securely - Electronic wallet system for storing and trading characters

  • Potential Applications:

- In-game character trading platforms - Virtual asset marketplaces - Gaming industry applications

  • Problems Solved:

- Secure trading of in-game characters - Transparent transactions using blockchain technology - Eliminates the risk of fraud or theft in character trading

  • Benefits:

- Increased security in character trading - Efficient and transparent transactions - Enhanced user experience in gaming

  • Commercial Applications:

Blockchain-based character trading platforms for gaming companies to enhance user engagement and monetization opportunities.

  • Questions about Blockchain-based Character Trading:

1. How does blockchain technology ensure the security of character trading transactions? - Blockchain technology ensures security by creating a decentralized and transparent ledger of transactions that cannot be altered.

2. What are the potential challenges of implementing a blockchain-based character trading system? - Challenges may include scalability issues, regulatory concerns, and user adoption of the new technology.


Original Abstract Submitted

described herein are a blockchain-based character trading apparatus and method. the blockchain-based character trading apparatus includes: memory; and a controller configured to configure and trade a character, acquired in a game, in the form of an electronic wallet based on a blockchain.