Samsung Display Co., LTD. (20240233202). NFT INFORMATION PROVIDING SYSTEM AND NFT INFORMATION PROVIDING METHOD simplified abstract

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NFT INFORMATION PROVIDING SYSTEM AND NFT INFORMATION PROVIDING METHOD

Organization Name

Samsung Display Co., LTD.

Inventor(s)

DONG-HYUN Kim of Yongin-si (KR)

NFT INFORMATION PROVIDING SYSTEM AND NFT INFORMATION PROVIDING METHOD - A simplified explanation of the abstract

This abstract first appeared for US patent application 20240233202 titled 'NFT INFORMATION PROVIDING SYSTEM AND NFT INFORMATION PROVIDING METHOD

The abstract of the patent application describes a system involving a first server that generates a virtual image, a second server that stores NFT information, and a display device that communicates with both servers. The display device includes a sensing unit to detect an NFT object, a comparison unit with an image comparison processor to determine the corresponding NFT information from the second server using an image comparison algorithm, and a display unit to show the virtual image and NFT information.

  • The system consists of a first server for virtual image generation, a second server for NFT information storage, and a display device for communication.
  • The display device has a sensing unit to detect NFT objects and a comparison unit with an image comparison processor to retrieve NFT information using an image comparison algorithm.
  • The display unit then displays the virtual image and corresponding NFT information.

Potential Applications: - Art authentication and verification - Collectibles and memorabilia identification - Digital asset management and tracking

Problems Solved: - Ensuring authenticity and provenance of NFTs - Streamlining the process of retrieving NFT information - Enhancing user experience in interacting with NFTs

Benefits: - Improved security and trust in NFT transactions - Efficient retrieval of NFT information - Enhanced user engagement with NFTs

Commercial Applications: Title: "Enhancing NFT Authentication and Display System for Art and Collectibles" This technology can be utilized in art galleries, museums, online marketplaces, and digital asset platforms to authenticate and display NFTs effectively.

Prior Art: Readers can explore prior art related to image comparison algorithms, NFT authentication systems, and virtual image generation technologies to understand the background of this innovation.

Frequently Updated Research: Stay updated on advancements in image comparison algorithms, NFT technology, and virtual display systems to enhance the efficiency and accuracy of this NFT information providing system.

Questions about NFT Information Providing System: 1. How does the image comparison algorithm work in determining NFT information? 2. What are the key advantages of using a virtual image in conjunction with NFT information?


Original Abstract Submitted

a non-fungible token (nft) information providing system includes: a first server configured to generate a virtual image, a second server configured to store nft information, and a display device configured to communicate with the first server and the second server. the display device includes a sensing unit configured to sense an nft object, a comparison unit including an image comparison processor and configured to determine the nft information corresponding to the nft object, from the second server using image comparison algorithm implemented by the image comparison processor, and a display unit configured to display the virtual image and the nft information.