NFT Presentation Rights and Audience Incentivization
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Solution Overview
Problem
In digital communication platforms like webinars and virtual meetings, it is challenging to incentivize audience members to remain engaged and transfer presentation rights effectively to subsequent presenters, as audience members may continuously join or leave, making it difficult to capture and maintain their attention and engagement metrics.
Innovation Solution
A computer-implemented method that captures audience metrics, applies weights to these metrics to calculate a presenter's score, and imputes this score into a non-fungible token (NFT) to issue and trade presentation rights, using a non-custodial wallet system to transfer these rights between presenters and incentivize audience engagement through monetary compensation.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If audience members can freely join or leave during digital events, then accessibility and flexibility are improved, but capturing and maintaining audience engagement metrics becomes difficult
Solution Approach 1:
The system continuously captures audience engagement metrics (chat participation, question submission, polling responses) and uses this feedback to calculate presenter scores in real-time, which then influence NFT valuations and presentation rights transfers during the event
Solution Approach 2:
The patent introduces an intermediary scoring system that translates diverse engagement data into a unified presenter score, which serves as a mediator between raw audience behavior and the NFT market mechanism
2Productivity
If presentation rights are made tradable through NFTs, then presenter incentive and audience engagement are improved, but device complexity and system requirements increase
Solution Approach 1:
The patent uses NFTs as digital copies that represent presentation rights, allowing these rights to be traded, transferred, and valued without transferring actual control or requiring complex physical infrastructure
Solution Approach 2:
The system replaces traditional mechanical or administrative methods of managing presentation rights with automated blockchain-based NFT transactions and smart contracts that handle rights transfer and incentive distribution
3Reliability
If monetary compensation is provided to audience members, then engagement and retention are improved, but loss of substance (currency transfer) increases
Solution Approach 1:
The system dynamically adjusts the valuation parameters of NFTs based on real-time audience engagement metrics, which in turn determines the monetary compensation amount transferred to audience members through the wallet system
Data Source
AI summary
Systems, methods and/or computer program products issuing and transferring presentation rights between users during digital events using NFTs and incentivizing audiences to remain active attendees of digital event as new presenters take over the presentation. Value exchanged for obtaining NFTs representing presentation rights can correlate to a speaker score which is calculated using audience metrics collected by the platform. Presenters with higher presenter scores and larger or more active audiences can result in higher valuations, increasing the value of the NFT being purchased. Exchanges of value and NFTs are executed using non-custodial wallets and/or smart contracts. The value exchanged for the NFT can be split between original presenters' wallets and wallets of the audience members in pre-determined ratios. Funds provided to audience members' wallets during digital events can be locked or restricted for pre-set minimum amounts of time, incentivizing audience members to remain attentive to the next presenter.