Metaverse Asset Rights Management via Tokenized Digital Ledger
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Solution Overview
Problem
The metaverse lacks an efficient system for managing and transferring ownership and rights of real-world tangible and intangible assets across different metaverses, leading to issues like double selling and lack of transparency.
Innovation Solution
A method that involves acquiring sensor data from real-world assets, processing it to generate feature sets representative of the asset's attributes, and creating a unique digital asset, such as a non-fungible token, that mirrors these attributes, utilizing a digital ledger for ownership and rights management.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If commercial interests create siloed metaverses, then each metaverse can be independently managed and controlled, but asset transfer and ownership management across different metaverses become difficult and inefficient
Solution Approach 1:
The patent creates a universal asset representation system where assets are tokenized with standardized metadata structures that can be recognized and transferred across multiple metaverse platforms. The digital ledger system serves multiple functions including ownership recording, rights management, and transfer validation, enabling assets to move between siloed metaverses while maintaining platform independence.
Solution Approach 2:
The patent introduces a digital ledger as an intermediary layer between different metaverses. This ledger stores tokenized asset representations and ownership information, acting as a mediator that enables trustless asset transfer across metaverse boundaries without requiring direct integration between platforms. The ledger validates transfers and maintains ownership records, facilitating ease of operation while preserving metaverse independence.
2Ease of manufacture
If traditional ownership management systems are used, then implementation is simple, but double selling and lack of transparency occur
Solution Approach 1:
The patent implements a feedback mechanism where the digital ledger continuously records and validates ownership transfers. Each transfer operation is logged and verified against existing records, providing real-time feedback on asset ownership status. This prevents double selling by checking the ledger before allowing transfers and maintains transparency by making ownership information accessible to all parties involved in the transaction.
Solution Approach 2:
The patent performs preliminary validation of asset ownership and transfer eligibility before completing transactions. The system checks the digital ledger to verify current ownership status, transfer restrictions, and asset availability prior to allowing a transfer. This preliminary action prevents invalid transfers and maintains system reliability while keeping the implementation straightforward through automated validation rules.
3Measurement precision
If comprehensive sensor data is collected from real-world assets, then accurate digital representations can be created, but data processing complexity and time increase
Solution Approach 1:
The patent extracts only the essential attributes and characteristics of real-world assets that are necessary for digital representation and ownership tracking. Rather than processing all sensor data, the system identifies and extracts key features such as asset type, unique identifiers, and relevant physical characteristics. This extraction approach maintains measurement precision for ownership purposes while significantly reducing processing complexity.
Solution Approach 2:
The patent segments the asset representation into structured token data with distinct fields for different attribute categories. Sensor data is organized into modular data structures that can be processed independently, with only relevant segments being validated and stored. This segmentation reduces overall processing complexity by breaking down the complex task of asset digitization into manageable, standardized components.
Data Source
AI summary
A method of creating a virtual asset based on an existing real-world asset is disclosed. The method includes digitally sequencing the existing real-world asset to create a digital sequence of the real-world asset; tokenizing the digital sequence of the real-world asset to create a tokenized digital sequence; associating the tokenized digital sequence with the real-world asset; and creating a title of ownership of the tokenized digital sequence.