Digital Asset Valuation via Attention Tracking
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Solution Overview
Problem
Existing systems fail to accurately adjust the value of assets, particularly digital and physical art pieces, during mobility-restricting conditions like pandemics, as they do not effectively incorporate user attention as a factor in determining value changes.
Innovation Solution
A method and system that utilize non-fungible tokens stored in a distributed ledger to create graphical representations of digital assets within virtual environments, track user attention, and adjust asset values based on engagement time and type, while also associating physical assets with digital counterparts and using sensors to track real-world attention, with fractionalization of tokens into ownership tokens providing various entitlements.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If traditional asset valuation methods are used during mobility-restricting conditions, then the valuation system remains simple and stable, but the accuracy of asset value adjustment deteriorates because user attention cannot be effectively tracked
Solution Approach 1:
The system segments asset valuation into multiple components: base value, attention-based adjustment, and engagement-based adjustment. Each component is calculated separately using different data sources (traditional metrics, virtual environment tracking, physical environment sensor data) and then combined to determine the final asset value, improving accuracy without overwhelming system complexity
Solution Approach 2:
The patent introduces intermediary systems including virtual environment platforms and sensor networks that mediate between users and physical assets. These intermediaries capture attention and engagement data without requiring direct physical interaction with assets, enabling accurate valuation during mobility restrictions while maintaining system manageability
2Measurement precision
If virtual environments are implemented to track user attention, then asset valuation accuracy improves through engagement tracking, but the ease of operation deteriorates due to complex virtual environment setup and management
Solution Approach 1:
The virtual environment platform is designed to serve multiple functions simultaneously: it tracks user attention, records engagement metrics, stores asset information, and facilitates transactions. This multi-functionality reduces the need for separate systems while maintaining comprehensive tracking capabilities
Solution Approach 2:
The system automatically tracks user attention and engagement metrics without requiring manual intervention. Sensors in both virtual and physical environments continuously collect data, and the valuation algorithm automatically adjusts asset values based on this data, reducing operational complexity despite enhanced tracking capabilities
3Adaptability or versatility
If both virtual and physical asset attention are tracked, then the comprehensiveness of valuation improves, but the device complexity increases due to dual tracking systems
Solution Approach 1:
The patent merges virtual environment tracking and physical environment sensor tracking into a unified valuation system. Both data sources feed into the same smart contract-based valuation algorithm, which combines attention metrics from both environments to determine final asset values, achieving comprehensive valuation while managing system complexity through integration
4Adaptability or versatility
If non-fungible tokens are fractionalized into ownership tokens, then the accessibility and liquidity of asset ownership improve, but the manufacturing precision deteriorates due to complex token distribution and rights management
Solution Approach 1:
The smart contract system implements automated feedback mechanisms that track token distribution, ownership rights, and valuation adjustments. The system continuously monitors engagement metrics and automatically redistributes value among token holders based on their ownership proportion and the asset's performance, ensuring accurate token management despite fractionalization complexity
Data Source
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AI summary
In some embodiments, a method of managing value of assets is provided. A graphical representation of a digital asset associated with a non-fungible token stored in a distributed ledger is provided. User attention to the graphical representation of the digital asset is tracked, and a value of the digital asset is adjusted based on a level of attention of the tracked user attention and a number of users interacting with the graphical representation of the digital asset. A corresponding system and non-transitory computer-readable medium are also provided.