AR NFT Marketplace With Spatial Display and Blockchain Transactions
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Solution Overview
Problem
Existing systems face difficulties in enabling NFT owners to showcase their digital assets to a wider audience and potential purchasers to locate and purchase NFTs that meet their preferences, particularly through augmented reality devices.
Innovation Solution
A system and method that allows NFT owners to select locations or spaces to display their digital assets, which can be viewed by potential buyers using AR devices, with features like real-world objects or body parts, and facilitates transactions through blockchain updates and smart contracts.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If NFT owners use traditional online marketplaces to display digital assets, then accessibility is improved, but visibility and engagement are worsened due to lack of immersive viewing experience
Solution Approach 1:
The patent replaces traditional 2D screen-based viewing with Augmented Reality technology that overlays digital assets onto the real world through AR devices. This substitution transforms the viewing experience from flat images to immersive 3D representations in physical space, significantly improving visibility and engagement while maintaining accessibility through mobile devices.
2Ease of operation
If NFT owners showcase assets in fixed marketplace locations, then ease of locating is improved, but flexibility in display location and manner is worsened
Solution Approach 1:
The patent adds a spatial dimension to NFT display by utilizing real-world geographic locations as virtual galleries. Owners can pin their NFTs to specific physical coordinates, and buyers can navigate to these locations using map integration. This transforms the traditional fixed-webpage display into a distributed spatial experience across multiple real-world locations, simultaneously improving locatability through maps and flexibility through location choice.
Solution Approach 2:
The patent introduces a map-based intermediary layer between NFT owners and buyers. The map serves as a mediator that translates virtual asset locations into real-world geographic coordinates, enabling buyers to navigate to display locations while owners maintain flexibility in choosing where to showcase their assets. This intermediary resolves the contradiction by providing structure for locatability without constraining location selection.
3Reliability
If traditional blockchain marketplaces are used for NFT transactions, then security is improved through blockchain verification, but user experience and engagement are worsened due to lack of immersive viewing
Solution Approach 1:
The patent merges the security infrastructure of blockchain verification with the immersive experience of Augmented Reality. The system maintains blockchain's cryptographic security for ownership verification and transaction validation while layering AR technology on top to provide an engaging viewing and browsing experience. This combination allows users to view NFTs in immersive 3D space through AR devices while all transactions and ownership proofs remain secured by blockchain technology.
Data Source
AI summary
The present invention relates to a system and method of providing a digital asset marketplace. In particular, the present invention relates to facilitating buying and selling of Non-Fungible Tokens (NFTs) by providing NFT owners with a means of showcasing and offering their NFTs for purchase in a preferred location or space, and similarly, providing potential purchasers with the ability to locate, view and purchase or trade NFTs according to their preferences.