NFT Content Identifier with Split Metadata Tracking
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Solution Overview
Problem
The media content industry faces challenges in tracking and managing metadata associated with audio recordings and other media content, leading to difficulties in licensing, recognizing artist contributions, and maintaining version control.
Innovation Solution
A system and method for creating, managing, and sharing media content items along with their metadata, utilizing a digital vault that generates a container file including the media content and metadata, and allows for verification of metadata completeness, updating, and tracking of rights using non-fungible tokens (NFTs).
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If manual techniques are used for metadata management, then implementation is simple, but metadata is lost or incomplete and tracking is inefficient
Solution Approach 1:
The patent segments metadata into multiple distinct types (creator metadata, contributor metadata, rights metadata, version metadata) and organizes them in a structured format within container files. This segmentation ensures comprehensive coverage of all metadata aspects while maintaining systematic management, resolving the contradiction between reliability and complexity.
Solution Approach 2:
The patent introduces container files as intermediary structures that encapsulate both media content and associated metadata together. This intermediary mechanism ensures metadata remains linked to its corresponding content throughout the distribution chain, improving reliability without requiring complex external tracking systems.
2Reliability
If comprehensive metadata tracking is implemented, then rights management is improved, but time and resources for tracking are increased
Solution Approach 1:
The patent performs preliminary actions by embedding complete metadata (creator information, contributor credits, rights terms, version data) directly into container files at the point of content creation. This preliminary structuring eliminates the need for subsequent manual tracking efforts, improving rights tracking accuracy while reducing the time lost to ongoing metadata management.
Solution Approach 2:
The patent creates self-contained copies of all necessary metadata within each container file, ensuring that complete rights and attribution information travels with the content throughout distribution. This copying mechanism eliminates the need for separate tracking systems, maintaining high reliability without increasing tracking time.
3Loss of information
If metadata is collected at source, then completeness is improved, but participant awareness and cooperation are required
Solution Approach 1:
The patent enables participants to self-serve by providing standardized templates and structures within container files that guide them through the metadata collection process. Participants can independently complete metadata entry using these built-in guides, improving information completeness while maintaining ease of operation through user-friendly interfaces and structured formats.
Data Source
AI summary
A system and method for initiating a royalty percentage calculation with a minting process of a non-fungible token (NFT) associated with media content comprising, for example, identifying, via a digital vault, media content stored and accessible through the digital vault in a request from an NFT creator to utilize the media content in the NFT; initiate the minting process with the media content that converts digital data associated with the media content into digital assets recorded on a blockchain; storing the digital data in a distributed ledger or decentralized database that cannot be edited, modified, or deleted; upon completion of the minting process, initiating one or more processes associated with the media content or the NFT in accordance with royalty percentages of the media content; and transmitting an alert to the NFT creator and rights holder associated with the one or more payment transactions to the accounts.