Digital asset management
AssigneeMethod90 LLC
InventorMac Lackey
Life of this patent
Estimating the term…
Abstract
Methods and systems for digital asset management are discussed herein. Physical assets, such as a seat or group of seats in a venue (e.g., sports stadium, concert hall, movie theater, etc.) or a housing unit or group of housing units (e.g., apartment, condominium, hotel room, etc.) may be tokenized and associated with a minted non-fungible token (NFT). The NFT may be entered into a distributed ledger such that, when the asset is involved in a transaction (e.g., rented, purchased, etc.), a record of the transaction is securely and permanently entered into the distributed ledger. By utilizing the NFT and the distributed ledger during the transaction of the asset, all participants involved can be assured that proper and secure compensation is being provided for use of the asset.
Claims17
A computer implemented method comprising:
- determining seat data associated with a seat within a venue to be tokenized;
- determining a monetary value associated with the seat data based at least in part on location data associated with the seat data, wherein the monetary value is determined based at least in part on how close the location data indicates the seat is with respect to an event;
- associating a non-fungible token (NFT) with the seat data;
- determining digital rights and obligations to associate with the NFT;
- entering the monetary value of the NFT and the digital rights of the NFT to a distributed ledger network;
- and
- generating a smart contract between a first entity and a second entity that assigns ownership of at least one of the NFT or the digital rights to the first entity, the second entity being associated with the venue.
A computer implemented method comprising:
- determining a unit of multiple associated units to be tokenized;
- determining a monetary value associated with the unit based at least in part on a location of the unit within the multiple associated units;
- associating a non-fungible token (NFT) with the unit;
- determining digital rights and obligations to associate with the NFT;
- entering the monetary value and the digital rights of the NFT to a distributed ledger network;
- executing a smart contract that assigns an ownership of at least one of the NFT or the digital rights;
- assigning the ownership of at least one of the NFT or the digital rights to a first user;
- receiving a request to rent the unit from a second user via an application;
- receiving payment for the unit from the second user;
- providing a first portion of the payment to the first user and a second portion of the payment to a third user associated with the multiple associated units;
- and
- sending an indication to the second user that the unit is rented to the second user.
A method, implemented at least in part by a server computing device of a service provider, the method comprising:
- determining a unit within multiple associated units to be tokenized;
- determining a monetary value associated with the unit based at least in part on a location of the unit within the multiple associated units;
- associating a non-fungible token (NFT) with the unit;
- determining digital rights to associate with the NFT;
- entering the monetary value and the digital rights of the NFT to a distributed ledger network;
- executing a smart contract that assigns an ownership of at least one of the NFT or the digital rights to a first user;
- receiving a request to purchase at least one of a ticket associated with the unit or a rent agreement associated with the unit from a second user;
- executing a transaction associated with the request from the second user;
- entering a record of the transaction to the distributed ledger network;
- and
- sending at least one of a machine-readable optical label associated with the ticket to a device associated with the second user or sending confirmation of the rent agreement to the device associated with the second user.
Dependencies are inferred from the claim text.