US 2023/0410094 A1Published application

System and method for Converting Multi-Media into Cryptographic Assets and Cryptographic Currency

OwnerAnthony Ferrisoinventor

Life of this patent

Estimating the term…

Loading patent…

Abstract

A public computer-based system for uploading videos and minting the videos into non-fungible tokens (NFTs). The system comprises a processor and a memory associated with a web-based platform that is configured to access a plurality of objects. The web-based platform may allow a user for uploading objects through an object uploading network assembly. A network is configured for receiving video and simultaneously minting the video to NFTs and converting the proceeds into cryptographic currency. The web-based platform allows owners of Intellectual property to monetize their assets to authorize and manufacture minted NFTs. The intellectual property owner is paid in cryptographic currency. The system further comprises a crypto network creates a value for each minted non-fungible tokens (NFTs). The crypto network is configured to convert the value of each minted non-fungible tokens (NFTs) into cryptographic currency.

Claims10

Dependent claims

A system for converting multi-media into cryptographic assets and cryptographic currency, the system comprising:

a processor;
a memory associated with a web-based platform that is configured to access a plurality of objects;
a multi-media server configured to store the plurality of objects associated with a user having a user account, wherein the user associated with the user account generates a transaction request over a network using the web-based platform;
a memory controller associated with the memory and the multi-media server, the memory controller is configured to:
receive the request for the conversion of the plurality of objects into non-fungible tokens (NFTs) on a user interface of a networked device, wherein the non-fungible tokens (NFTs) are converted using a non-fungible token (NFT) converter;
and
update data and mint the non-fungible tokens (NFTs) to a wallet associated with a wallet server, wherein the minted non-fungible tokens (NFTs) and the updated data is transmitted to the wallet connected with the wallet server over a crypto network;
the crypto network creates a value for each minted non-fungible tokens (NFTs), the crypto network is configured to convert the created value for each minted non-fungible tokens (NFTs) into cryptographic currency.

5 more elements

A method for converting multi-media into cryptographic assets and cryptographic currency, the method comprising:

configuring, a processor;
associating, a memory with a web-based platform that is configured to access a plurality of objects;
configuring, a multi-media server to store the plurality of objects associated with a user having a user account, wherein the user associated with the user account generates a transaction request over a network using the web-based platform;
associating a memory controller with the memory and the multi-media server, the memory controller is configured to:
receive the request for the conversion of the plurality of objects into non-fungible tokens (NFTs) on a user interface of a networked device, wherein the non-fungible tokens (NFTs) are converted using a non-fungible token (NFT) converter;
and
update data and mint the non-fungible tokens (NFTs) to a wallet associated with a wallet server, wherein the minted non-fungible tokens (NFTs) and the updated data is transmitted to the wallet connected with the wallet server over a crypto network;
creating a value for each minted non-fungible tokens (NFTs) using the crypto network, the crypto network is configured to convert the value of each minted non-fungible tokens (NFTs) into cryptographic currency.

5 more elements

Dependencies are inferred from the claim text.

Facts

Application: 17/852,948Filed 29 Jun 2022
Priority: 19 Jun 2022
Published: 21 Dec 2023
Term ends: Not estimatedThe source records don’t support an estimate.

Classification11 codes

G06Q 20/367
Using electronic wallets or electronic money safes: involving electronic purses or money safes
G06Q 20/3674
Involving electronic purses or money safes: involving authentication
G06Q 20/065
Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme: using e-cash
G06Q 20/123
Specially adapted for electronic shopping systems: shopping for digital content

Family

Application63/353,593Us provisional application · filed 19 Jun 2022
US 2023/0410094 A1This patent

From the US filing history. Foreign family members aren’t listed.

Timeline

Citations

Open elsewhere

Building an agent or pulling many patents? Use the API or MCP server instead of scraping pages. Get an API key