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
Inventor(s)
Sai Srinivas Kiran Garimella of Bangalore South (IN)
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.
