NFT-Linked Gift Certificates for Limited Digital Asset Issuance
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Solution Overview
Problem
Existing methods for linking NFTs to physical goods face challenges such as perceived intangibility, indiscriminate issuance leading to reduced symbolism and rarity, and inefficient production based on demand, which can result in additional costs and losses.
Innovation Solution
A method and system that grafts NFTs onto visible actual assets like gift certificates, issues a limited number based on demand, and manages ownership through a platform that allows random issuance and exchange, enhancing consumer perception and market activation.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Quantity of substance
If NFTs are issued indiscriminately within the platform, then the quantity of NFTs increases, but the symbolism and rarity of NFTs are reduced
Solution Approach 1:
The patent applies preliminary action by pre-determining the limited quantity of gift certificates to be issued before the NFT issuance process begins. The system sets a predetermined limit on the number of gift certificates that can be converted to NFTs, ensuring rarity is maintained from the outset. This prevents indiscriminate issuance by establishing boundaries in advance, while still allowing sufficient quantity for market activation.
2Productivity
If specially-made goods including photos of entertainers are produced, then consumer interest is increased, but production costs increase and surplus goods may be discarded
Solution Approach 1:
The patent applies dynamics by making the production quantity of gift certificates flexible and demand-driven rather than fixed in advance. The system adjusts the number of gift certificates to be converted into NFTs based on actual market demand and consumer interest levels. This dynamic approach allows the company to produce only what is needed, avoiding surplus while maintaining high consumer interest through limited edition scarcity.
3Reliability
If NFTs are grafted onto visible actual assets like gift certificates, then consumer perception and interest are improved, but system complexity increases
Solution Approach 1:
The patent applies the intermediary principle by introducing a platform server as a mediator between the physical gift certificates and the NFTs. The server manages the conversion process, stores the linking information, and handles the distribution of NFTs to users who redeem gift certificates. This intermediary simplifies the overall system architecture by centralizing the complexity in a single component rather than requiring complex integration across multiple systems, while still achieving the goal of linking tangible assets to digital tokens.
Data Source
AI summary
A method for providing an NFT-linked gift certificate service, according to an embodiment of the present disclosure, which is a method in which an application executed by at least one processor of a terminal provides an NFT-linked gift certificate service, includes: performing a survey to determine a target artist for which a gift certificate is matched; generating a content gift certificate matched with a pair of NFTs containing digital content for the determined target artist; providing the generated content gift certificate in a random manner; acquiring gift certificate identification information specifying a predetermined first gift certificate; determining whether the first gift certificate is the content gift certificate based on the acquired gift certificate identification information; and when the first gift certificate is the content gift certificate, providing the pair of NFTs matched to the content gift certificate online.