Rovi Guides, Inc. (20240211910). SYSTEMS AND METHODS FOR ENABLING NON-FUNGIBLE TOKENS (NFTs) IN A VIRTUAL/METAVERSE ENVIRONMENT simplified abstract

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SYSTEMS AND METHODS FOR ENABLING NON-FUNGIBLE TOKENS (NFTs) IN A VIRTUAL/METAVERSE ENVIRONMENT

Organization Name

Rovi Guides, Inc.

Inventor(s)

Dhananjay Lal of Englewood CO (US)

Reda Harb of Issaquah WA (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 20240211910 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 is generated based on NFTs displayed in the virtual environment.
  • New user interests in NFTs are determined by various means, including ownership of NFTs with similar characteristics to the taxonomy-associated NFTs.
  • Matches are determined based on the new user's interests in relation to the weighted taxonomy.
  • Guidance is provided for avatars of the new user and other NFT owners to virtually meet upon a match.
  • Separate servers, locations, and ingress points may be determined to facilitate meetings and buy/sell discussions.
  • NFT sales/trades are recorded in the blockchain upon execution.
      1. Potential Applications:

- Virtual art galleries - Virtual real estate marketplaces - Virtual collectibles trading platforms

      1. Problems Solved:

- Facilitating virtual meetings between users based on shared interests in NFTs - Providing a seamless way to buy, sell, and trade NFTs in a virtual environment

      1. Benefits:

- Enhanced user engagement in virtual environments - Increased opportunities for NFT transactions - Improved matching of users based on interests

      1. Commercial Applications:

Virtual NFT marketplaces can revolutionize the way users interact with digital assets, creating new revenue streams for virtual businesses and artists.

      1. Prior Art:

Prior art related to this technology may include existing NFT marketplaces and virtual meeting platforms.

      1. Frequently Updated Research:

Stay updated on the latest developments in NFT technology and virtual environments to leverage this innovation effectively.

        1. Questions about NFTs:

1. How can NFTs be securely traded in a virtual environment? 2. What are the potential legal implications of NFT transactions in a metaverse?


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.

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