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.
Claims18
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 that indicates a location within the venue;
- 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;
- 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;
- and
- utilizing a machine learning module to:
- determine that a number of additional seats are available for purchase;
- determine seat data associated with the additional seats;
- associate additional NFTs to seat data associated each of the additional seats;
- and
- send an indication to a user that the additional NFTs are available for purchase.
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;
- receiving payment for the unit from the second user;
- and
- 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.
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 that indicates a location within the venue;
- 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;
- 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;
- receiving a request data to purchase a ticket from a third entity via a ticket purchasing application;
- receiving payment data for the ticket from the third entity;
- providing, based at least in part on querying the smart contract, a first portion of the payment to the first entity and a second portion of the payment to the second entity;
- generating a machine-readable optical label associated with the ticket;
- and
- sending the machine-readable optical label to the third entity.
Dependencies are inferred from the claim text.