Instant NFT Platform with Smart Contract Risk Scoring

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Solution Overview

Problem

The increasing complexity of Non-Fungible Tokens (NFTs) in distributed environments makes it difficult to protect against malicious scripts and manage ownership effectively, leading to challenges in scarcity, value preservation, and fan community engagement for content creators.

Innovation Solution

A blockchain-based NFT platform that generates instant NFTs with private and public blockchain protection, includes smart contract risk scoring, and implements transfer limitations, enabling secure ownership management and detection of malicious code, while allowing for secure data storage and access auditing.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Adaptability or versatility

If NFT complexity increases to enable more features and functionality, then versatility and adaptability improve, but vulnerability to malicious scripts and security risks worsens

Engineering Contradiction:

ImproveNFT functionalityVSAvoidmalicious script vulnerability

Core Design Contradiction:

Adaptability or versatilityVSObject-affected harmful factors

Solution Approach 1:

The patent introduces an intermediary verification system that acts as a mediator between the NFT smart contract and the blockchain execution environment. This intermediary layer analyzes and validates smart contract code before deployment, checking for malicious patterns and potential security vulnerabilities. The system uses multiple verification mechanisms including static analysis, symbolic execution, and formal verification to ensure NFT contracts are secure while maintaining full functional complexity.

Inventive Principle:

Principle #24Intermediary (Mediator)

2Reliability

If supply is limited to maintain scarcity and value, then value preservation improves, but fan access and community engagement worsen

Engineering Contradiction:

Improvevalue preservationVSAvoidfan access

Core Design Contradiction:

ReliabilityVSEase of operation

Solution Approach 1:

The patent segments NFT collections into multiple hierarchical tiers with different levels of access and ownership rights. Instead of a single binary owned/not-owned state, the system creates layered ownership structures where fans can acquire different levels of access (e.g., viewing rights, voting rights, trading rights) at different price points. This segmentation allows broad community engagement at lower tiers while preserving scarcity and value at upper tiers.

Inventive Principle:

Principle #1Segmentation

Solution Approach 2:

The patent implements dynamic supply mechanisms where NFT availability and ownership rights can change over time based on predefined conditions and community governance. The system allows for time-limited access periods, conditional minting windows, and evolving ownership structures that adapt to community needs while maintaining overall scarcity. Dynamic pricing and supply adjustment mechanisms enable the system to balance accessibility with value preservation.

Inventive Principle:

Principle #15Dynamics

3Productivity

If multiple copies are created to meet demand, then accessibility improves, but scarcity and value are compromised

Engineering Contradiction:

Improvedemand fulfillmentVSAvoidscarcity

Core Design Contradiction:

ProductivityVSReliability

Solution Approach 1:

The patent applies local quality by endowing each NFT copy with unique local characteristics and attributes that differentiate it from other copies, even within the same collection. Each NFT receives distinct metadata, provenance information, and potentially different access rights or utility features. This approach allows mass production for demand fulfillment while maintaining individual value and perceived scarcity through unique local qualities.

Inventive Principle:

Principle #3Local quality

4Reliability

If artists create more unique artworks to maintain scarcity, then value preservation improves, but artist workload and innovation capacity worsen

Engineering Contradiction:

Improvevalue preservationVSAvoidartist capacity

Core Design Contradiction:

ReliabilityVSProductivity

Solution Approach 1:

The patent enables single artwork files to serve multiple functions and generate multiple NFT instances with different characteristics. A single digital artwork can be minted as multiple NFTs with varying metadata, access rights, and utility features, allowing artists to meet demand without creating additional unique artworks. The system also provides automated tools for generating variant NFTs from master files, reducing the manual creative workload while maintaining artistic intent.

Inventive Principle:

Principle #6Universality (Multi-functionality)

Data Source

PatentUS20230394469A1Systems and Methods for Instant NFTs and Protection Structure, Detection of Malicious Code within Blockchain Smart Contracts, Tokens with Transfer Limitations, Mirror Tokens and Parallel Addresses, Smart Contract Risk Scoring Method, and Cross-Device Digital Rights Management

Publication Date: 2023.12.07 ARTEMA LABS INC

AI summary

Non-fungible token (NFT) platforms in accordance with various embodiments of the invention are described. In an embodiment of the NFT platform includes generating an instant NFT that includes data, at least one record, and a first timestamp, where the instant NFT is privately maintained and not publicly accessible; determine a modification to the at least one record associated with the instant NFT to generate several records associated with the instant NFT, where the modification is indicative of a transaction associated with the instant NFT; protect the instant NFT and the modification to the at least one record associated with the instant NFT, where the modification to the at least one record is associated with a second timestamp; detect an indication to mint the instant NFT as an NFT; and mint the instant NFT as an NFT on a public blockchain.