System and method employing a virtual ledger for open innovation in the metaverse

A computer-implemented method for computer based open innovation, the method comprising:

• implementing with an engine server an open innovation engine for determining a baseline monetization based on one or more monetization events, including one of portfolio sales, and/or profits from startups, products and/or services;
• associating one or more inventor devices with the one or more monetization events;
• associating one or more team member devices with the one or more monetization events, and including one or more patent attorney team members, finance team members, and/or marketing team members;
• associating one or more smart contracts, including Blockchain smart contracts with the one or more monetization events;
• and
• associating one or more portfolios with the one or more monetization events,
• wherein the one or more inventors, and team members enter into respective smart contracts generated by the open innovation engine with respect to terms for development and monetization of the portfolios,
• the open innovation engine collects the baseline monetization for operating costs, and to fund further projects,
• the open innovation engine is implemented with distributed technology, including blockchain technology and issues tokens based on generated valuations, including one of Artificial intelligence (AI)-based, ruled based, and blockchain-based valuations of the respective portfolios,
• when one or more of the portfolios lead to the monetization events, the tokens increase in value and the open innovation engine distributes value thereof to the baseline monetization, and the respective team members, and inventors, based on terms agreed to within the respective smart contracts.

A non-transitory computer-readable medium for computer based open innovation and with instructions stored thereon, that when executed by a processor, perform the steps comprising:

• receiving with an asset valuation device asset information regarding one or more tangible or non-tangible assets, and generating a valuation signal, based on the asset information;
• receiving with a self-executing code device the valuation signal, and generating a self-executing code signal, based on the valuation signal;
• receiving with an air router device having both a low band radio channel, and an internet router channel for redundant internet communications, and a malicious code removal device for scrubbing malicious code from data received, the valuation signal, and generating a node voting request signal, based on the valuation signal;
• receiving with a mesh network having a plurality of node devices the node voting request signal, and generating vote confirmation signals, based on the node voting request signal;
• grouping the one or more computing devices of the node devices of the mesh network are the one or more tangible or non-tangible assets into one or more respective projects;
• performing with the one or more computing devices of the node devices of the mesh network non-fungible token (NFT) generation based on the one or more tangible or non-tangible assets for the one or more groups;
• generating with the one or more computing devices of the node devices of the mesh network respective liquidity pools for each of the one or more respective projects;
• and
• executing with the one or more computing devices of the node devices of the mesh network respective campaigns for the one or more respective projects.
• implementing with an engine server an open innovation engine for determining a baseline monetization based on one or more monetization events, including one of portfolio sales, and/or profits from startups, products and/or services;
• associating one or more inventor devices with the one or more monetization events;
• associating one or more team member devices with the one or more monetization events, and including one or more patent attorney team members, finance team members, and/or marketing team members;
• associating one or more smart contracts, including Blockchain smart contracts with the one or more monetization events;
• and
• associating one or more portfolios with the one or more monetization events,
• wherein the one or more inventors, and team members enter into respective smart contracts generated by the open innovation engine with respect to terms for development and monetization of the portfolios,
• the open innovation engine collects the baseline monetization for operating costs, and to fund further projects,
• the open innovation engine is implemented with distributed technology, including blockchain technology and issues tokens based on generated valuations, including one of Artificial intelligence (AI)-based, ruled based, and blockchain-based valuations of the respective portfolios,
• when one or more of the portfolios lead to the monetization events, the tokens increase in value and the open innovation engine distributes value thereof to the baseline monetization, and the respective team members, and inventors, based on terms agreed to within the respective smart contracts.