IP Library Granted Patent US 7,677,975
Granted Patent B2
US 7,677,975 · App. 11/624,659 · Granted Mar 16, 2010

Video game with registration of funding sources

Assignee: Leviathan Entertainment, LLC
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Quick Facts
Patent No.
US 7,677,975
App. No.
11/624,659
Granted
Mar 16, 2010
Kind
B2
Abstract

The disclosure provides novel video game methods and systems for obtaining funding for developing game environments. Methods and systems include a variety of funding sources including taxes, fees, licenses, bond issuance, loans, investors, commercial paper, convertible debt, bills, notes, debt issuance, promissory notes, venture capital, the issuance of private shares, transforming the game environment into a public company through an initial public offering, or through a follow on offering such as the issuance of common stock, preferred stock, or treasury stock.

Claims (34)

1. An apparatus comprising:

a processor; and

a computer readable medium in communication with the processor;

in which the computer readable medium stores rules providing one or more Venture Capital (VC) fund requirements that must be fulfilled by an entity desiring to register a venture capital fund;

in which the computer readable medium stores instructions which, when executed by the processor, direct the processor to

run a massive multi player online game that is operable to simultaneously support a plurality of players via a plurality of video game devices,

in which each of the players controls at least one player character,

in which play of the game continues regardless of whether players are logged in to the game;

receive, from at least one of the player characters, a request to register a venture capital fund;

determine that the player character requesting to register a venture capital fund fulfills the VC fund requirements defined by the stored rules;

determine that a number of VC fund licenses that are available has not reached a predetermined limit;

receive an application for a project to be funded by the VC fund;

determine if the project that is to be funded by the VC fund qualifies for funding from the VC fund; and

register the project and an ownership percentage of the VC fund in the project.

2. The apparatus of claim 1 in which the computer readable medium further stores instructions which, when executed by the processor, direct the processor to

receive VC funding from the player character; and

receive from the player character a guarantee of the funding using a credit card account.

3. The apparatus of claim 1 wherein the rules stored by the computer readable medium provide a requirement that the player character own a given quantity of one or more virtual assets;

and wherein the computer readable medium further stores instructions which, when executed by the processor, direct the processor to determine that the player character owns a given quantity of one or more virtual assets.

4. A method performed by a computer, the method comprising:

running, by a Video Game Central Server, a massive multi player online game that is operable to simultaneously support a plurality of players via a plurality of video game devices,

in which each of the players controls at least one player character,

in which play of the game continues regardless of whether players are logged in to the game;

receiving, by the Video Game Central Server, from at least one of the player characters, a request to register a venture capital (VC) fund;

determining, by the Video Game Central Server, that the player character requesting to register a venture capital fund fulfills one or more VC fund requirement defined by stored rules;

determining, by the video Game Central Server, that number of VC fund licenses that are available has not reached a predetermined limit;

receiving, by the Video Game Central Server, an application for a project to be funded by the VC fund;

determining, by the Video Game Central Server, if the project that is to be funded by the VC fund qualifies for funding from the VC fund; and

registering, by the video Game Central Server, the project and an ownership percentage of the VC fund in the project.

5. The method of claim 4 further comprising

receiving, by the Video Game Central Server, VC funding from the player character; and

receiving, by the Video Game Central Server, from the player character a guarantee of the funding using a credit card account.

6. The method of claim 4 where the rules further provide a requirement that the player character own a given quantity of one or more virtual assets; and the method further comprises:

determining that the player character owns a given quantity of one or more virtual assets.

Assignments (1)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jan 18, 2007
From: VAN LUCHENE, ANDREW S
To: LEVIATHAN ENTERTAINMENT
Reel/Frame 018782/0532 →
Continuity (5)
Continuation In Part 1138048900 · Apr 27, 2006
Continuation In Part 1135523200 · Feb 14, 2006
Continuation In Part 1127999100 · Apr 17, 2006
Provisional Application 6072712100 · Oct 14, 2005
Related Publication 20070129124A1 · Jun 7, 2007