Dapper Labs, Inc. (20240346483). Locking Non-Fungible Token Transfers for Collection Building simplified abstract
Contents
Locking Non-Fungible Token Transfers for Collection Building
Organization Name
Inventor(s)
Nick Tremmaglia of Rockland (CA)
Taylor Petrychyn of Vancouver (CA)
Alan Carr of Las Vegas NV (US)
Justin Ostrowski of Atlanta GA (US)
Matthew Spector of Los Angeles CA (US)
Locking Non-Fungible Token Transfers for Collection Building - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240346483 titled 'Locking Non-Fungible Token Transfers for Collection Building
Simplified Explanation:
This patent application focuses on locking non-fungible tokens (NFTs) associated with digital collectibles to prevent their transfer. Digital collectibles are data units linked to individuals, organizations, or entities, and may include display components for showcasing the collectible data. Ownership of a digital collectible is transferred through ownership of the NFT linked to it. Users can use a lock command to temporarily lock an NFT and its corresponding digital collectible.
- Aspects of the present disclosure are directed to locking non-fungible tokens (NFTs) linked to digital collectibles to prevent their transfer.
- Digital collectibles are data units associated with individuals, organizations, or entities, and may include display components for showcasing the collectible data.
- Ownership of a digital collectible is transferred through ownership of the NFT linked to it.
- Users can use a lock command to temporarily lock an NFT and its corresponding digital collectible, granting them exclusive access for a specified period.
Potential Applications: This technology could be applied in the digital collectibles market, gaming industry, art world, and any other sector where ownership and transfer of digital assets are crucial.
Problems Solved: This technology addresses the issue of unauthorized transfer of digital collectibles by providing a secure locking mechanism through NFTs.
Benefits: - Enhanced security for digital collectibles - Controlled ownership transfer - Exclusive access for a specified period
Commercial Applications: Title: Secure Digital Collectible Ownership Transfer Technology This technology could be utilized in online marketplaces, digital asset exchanges, and blockchain platforms to ensure secure and controlled transfer of digital collectibles.
Prior Art: Prior art related to this technology may include research on NFTs, blockchain technology, and digital asset ownership mechanisms.
Frequently Updated Research: Stay updated on the latest developments in NFT technology, blockchain security, and digital asset ownership trends to enhance the application of this technology.
Questions about Digital Collectible Locking Technology: 1. How does the locking mechanism of NFTs enhance the security of digital collectibles? 2. What are the potential implications of this technology on the digital collectibles market?
Original Abstract Submitted
aspects of the present disclosure are directed to locking non-fungible tokens (nfts), linked to digital collectibles, from being transferred. digital collectibles can be any suitable unit of data affiliated with person(s), organization(s), or any other entities. a digital collectible can comprise a display component that supports display of the digital collectible data. digital collectible data can include an affiliated person (e.g., a sports player), an affiliated team (e.g., a sports team), a digital media file (e.g., video clip, image, etc.), or any other suitable digital collectible data. ownership of a digital collectible is transferred via ownership of the nft linked to the digital collectible. implementations support a lock command from user(s) that lock a given nft, and its corresponding linked digital collectible, to the user for a period of time (e.g., 6 months, a year, etc.).
