Time-Limited Ownership of NFTs
The system addresses the lack of time-limited ownership in NFTs by allowing temporary ownership of digital assets, enhancing game functionality and revenue opportunities through automatic extension and termination of NFT ownership.
JP7649422B2Active Publication Date: 2025-03-19SONY INTERACTIVE ENTERTAINMENT LLC
4 Cites 0 Cited by
Patent Information
- Application Number
- JP2024506720
- Authority / Receiving Office
- JP · JP
- Patent Type
- Patents
- Current Assignee / Owner
- Priority Date
- 2021-08-03
- Filing Date
- 2022-07-06
- Publication Date
- 2025-03-19
- Estimated Expiration
- 2042-07-06
AI Technical Summary
Technical Problem
Existing systems for non-substitutable tokens (NFTs) do not allow for time-limited ownership of digital assets, limiting flexibility and revenue opportunities in applications like computer simulations and games.
Method used
A system that associates time with NFTs, allowing for temporary ownership of digital assets, which can be automatically extended or terminated based on user input, enabling users to rent NFTs for limited periods.
Benefits of technology
This solution enhances the functionality of games by allowing gamers and spectators to purchase assets for limited times, creating new revenue streams and enhancing user engagement.
✦ Generated by Eureka AI based on patent content.
Abstract
The present disclosure generally relates to computer ecosystems that include features of consumer electronics (CE) device networks, such as, but not limited to, computer gaming networks. The systems herein may include server and client components that can connect over a network such that data can be exchanged between the client and server components. Non-fungible tokens (NFTs) that represent computer gaming assets can be purchased by gamers or spectators for a limited time, possibly extending up to a maximum time period, after which the NFTs are released back into the market.
Need to check novelty before this filing date? Find Prior Art