Unknown Organization (20240281794). APPARATUS AND METHOD FOR GENERATING A NON-FUNGIBLE TOKEN simplified abstract
Contents
APPARATUS AND METHOD FOR GENERATING A NON-FUNGIBLE TOKEN
Organization Name
Inventor(s)
Linda Lee Richter of Oakland CA (US)
APPARATUS AND METHOD FOR GENERATING A NON-FUNGIBLE TOKEN - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240281794 titled 'APPARATUS AND METHOD FOR GENERATING A NON-FUNGIBLE TOKEN
The present disclosure pertains to an apparatus for generating a non-fungible token (NFT) using a processor and memory. The memory contains instructions for the processor to receive user data and classify it into interest categories. The processor then generates a recommendation for an NFT based on these categories, identifying a value function and optimizing it to mint the NFT.
- Processor and memory-based apparatus for creating NFTs
- User data classification into interest categories
- Generation of NFT recommendations based on interest categories
- Identification and optimization of a value function
- Minting of NFTs based on optimized recommendations
Potential Applications: - Digital art marketplaces - Collectibles and memorabilia industry - Intellectual property rights management
Problems Solved: - Efficient generation of personalized NFT recommendations - Optimization of value function for better decision-making - Streamlining the minting process for NFTs
Benefits: - Personalized NFT recommendations - Improved decision-making for NFT creation - Enhanced user experience in the NFT space
Commercial Applications: Title: "Enhancing Personalized NFT Creation with Innovative Apparatus" This technology can be utilized in digital art platforms, collectibles marketplaces, and intellectual property management systems to streamline NFT creation processes and enhance user engagement.
Prior Art: Further research can be conducted in the fields of blockchain technology, digital asset management, and artificial intelligence to explore similar approaches to NFT generation and optimization.
Frequently Updated Research: Stay updated on advancements in blockchain technology, machine learning algorithms, and digital asset management systems to enhance the efficiency and accuracy of NFT creation processes.
Questions about NFT Generation: 1. How does the apparatus classify user data into interest categories for NFT recommendations? The apparatus uses algorithms to analyze user data and categorize it based on common themes or topics of interest.
2. What is the significance of optimizing the value function in generating NFT recommendations? Optimizing the value function ensures that the NFT recommendations are tailored to the user's specific interests, increasing the likelihood of successful minting and engagement.
Original Abstract Submitted
the present disclosure is generally directed to an apparatus for generating a non-fungible token (nft), the apparatus may include at least a processor and a memory communicatively connected to the at least processor, wherein the memory containing instructions configuring the at least processor to receive user data and classify the user data to a plurality of interest categories. the processor may be configured to generate a recommendation for an nft as a function of the plurality of interest categories, where generating the recommendation further may include identifying a value function as a function of the plurality of interest categories. the processor may be configured to optimize the value function, generate the recommendation as a function of the optimization, and mint the nft as a function of the recommendation.
