Rovi Guides, Inc. (20240211909). SYSTEMS AND METHODS FOR ENABLING NON-FUNGIBLE TOKENS (NFTs) IN A VIRTUAL/METAVERSE ENVIRONMENT simplified abstract
Contents
SYSTEMS AND METHODS FOR ENABLING NON-FUNGIBLE TOKENS (NFTs) IN A VIRTUAL/METAVERSE ENVIRONMENT
Organization Name
Inventor(s)
Dhananjay Lal of Englewood CO (US)
SYSTEMS AND METHODS FOR ENABLING NON-FUNGIBLE TOKENS (NFTs) IN A VIRTUAL/METAVERSE ENVIRONMENT - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240211909 titled 'SYSTEMS AND METHODS FOR ENABLING NON-FUNGIBLE TOKENS (NFTs) IN A VIRTUAL/METAVERSE ENVIRONMENT
The patent application describes systems and methods for enabling non-fungible tokens (NFTs) in a virtual or metaverse environment by connecting an NFT marketplace to the virtual environment and providing tools for displaying, selling, brokering, and trading NFTs based on user interests.
- Weighted taxonomy generated based on NFTs displayed in the virtual environment
- New user's interest in NFTs determined by owning NFTs with similar characteristics to the taxonomy-associated NFTs
- Match determined based on new user's interests in relation to the weighted taxonomy
- Guidance provided for avatars of new user and other NFT owners to virtually meet
- Separate servers, locations, and ingress points determined to facilitate meetings and buy/sell discussions
- NFT sale/trade recorded in the blockchain upon execution
Potential Applications: - Enhancing user engagement and interaction in virtual environments - Facilitating NFT trading and transactions in a metaverse setting
Problems Solved: - Matching users with similar NFT interests for virtual meetings - Providing a platform for NFT sales and trades in a virtual environment
Benefits: - Increased user engagement and social interactions in virtual spaces - Streamlined NFT trading processes with blockchain recording
Commercial Applications: - Virtual reality platforms - Online gaming environments - Digital art marketplaces
Questions about NFTs: 1. How does the weighted taxonomy system enhance user experience in a virtual environment? 2. What are the implications of recording NFT sales/trades in the blockchain for security and transparency?
Frequently Updated Research: Stay updated on the latest developments in NFT technology and virtual environment integration for enhanced user experiences.
Original Abstract Submitted
systems and methods for enabling non-fungible tokens (nfts) in a virtual or metaverse environment by connecting an nft marketplace to the virtual or metaverse environment and providing tools to display, sell, broker, and trade nfts based on matching of user interests is disclosed. the methods generate a weighted taxonomy based on nfts displayed in the virtual environment. a new user's interest in the nfts is determined in multiple ways, including if the new user owns nfts that share characteristics with the taxonomy associated nfts. a match is determined based on new user's interests in relation to the weighed taxonomy. upon a match, guidance is provided for avatars of the new user and other nft owners to virtually meet. separate servers, locations, and ingress points may be determined to facilitate meetings and buy/sell discussions. if an nft sale/trade is executed, the sale/trade is recorded in the blockchain.
