Virtual Item Transaction Agent for Metaverse Profit Distribution

Resolve Bottlenecks,
Find Innovative Solutions
Generate Solutions

Solution Overview

Problem

There is a need for a method that facilitates the participation of physical item rights holders, virtual item creators, and virtual platform service providers in the creation and distribution of virtual items, while efficiently managing virtual item source data and profit distribution in the growing metaverse market.

Innovation Solution

A virtual item transaction method and apparatus that allows physical item rights holders, virtual item creators, and virtual platform service providers to participate in virtual item transactions by receiving creation requests, conducting bidding for virtual item source data, and distributing profits based on predefined rates, utilizing databases for efficient management of virtual item source data and issuance lists.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Productivity

If a virtual item transaction system allows multiple entities (physical item rights holder, virtual item creator, virtual platform service provider) to participate in creation and distribution, then profit distribution efficiency and entity participation are improved, but system complexity and management difficulty increase

Engineering Contradiction:
Improveprofit distribution efficiencyVSAvoidsystem complexity
Core Design Contradiction:
ProductivityVSDevice complexity

Solution Approach 1:

The system segments the virtual item creation and transaction process into distinct phases: physical item rights holder submits creation request, virtual item creator develops source data, bidding process determines selection, and virtual platform service provider manages issuance. Each entity operates in their designated phase with clearly defined responsibilities, reducing overall system complexity while enabling multi-entity participation and profit distribution.

Inventive Principle:
Principle #1Segmentation

2Measurement precision

If virtual item source data is managed through bidding processes and multiple lists (bid list, issuance list, failure list), then data management precision and transaction fairness are improved, but operational complexity increases

Engineering Contradiction:
Improvedata management precisionVSAvoidoperational complexity
Core Design Contradiction:
Measurement precisionVSEase of operation

Solution Approach 1:

The system divides virtual item source data management into three distinct data structures: bid list (for pending evaluations), issuance list (for selected items ready for distribution), and failure list (for rejected bids). This segmentation enables precise tracking of source data at each transaction stage, ensuring fairness in the bidding process while maintaining clear operational procedures for managing each list type.

Inventive Principle:
Principle #1Segmentation

3Adaptability or versatility

If the system supports conversion from physical items to virtual items with profit sharing, then adaptability to metaverse market demands is improved, but transaction process complexity increases

Engineering Contradiction:
Improvemarket adaptabilityVSAvoidtransaction process complexity
Core Design Contradiction:
Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The system requires the physical item rights holder to submit a virtual item creation request in advance, specifying all parameters including profit distribution rates for different entities. This preliminary action establishes the transaction framework before actual virtual item creation begins, enabling the system to adapt to diverse metaverse market demands while maintaining a standardized, manageable transaction process through pre-defined terms and conditions.

Inventive Principle:
Principle #10Preliminary action

Data Source

PatentUS20240296487A1Virtual item transaction method and apparatus based on participation of transaction entities
Publication Date: 2024.09.05 LEE YUN JU
  • US20240296487A1 patent drawing
  • US20240296487A1 patent drawing
  • US20240296487A1 patent drawing

AI summary

Disclosed herein are a virtual item transaction method and apparatus based on participation of transaction entities. The virtual item transaction method is performed by a virtual item transaction agent to allow a physical item rights holder, a virtual item creator, and a virtual platform service provider to participate in a virtual item transaction, and includes receiving a virtual item creation request of the physical item rights holder, conducting bidding for virtual item source data corresponding to the virtual item creation request, and receiving an issuance request for a virtual item present in a virtual item issuance list from the virtual platform service provider.