IP Library › Granted Patent US 11,724,200
Granted Patent B2
US 11,724,200 · App. 16/936,426 · Granted Aug 15, 2023

Market-based gaming platform

Inventors: Assaf Packin (Brooklyn, NY); Robin Shapiro (New York, NY)
A63F13/792A63F13/65A63F13/80H04L9/0637H04L9/0643A63F2300/55H04L9/50
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Quick Facts
Patent No.
US 11,724,200
App. No.
16/936,426
Granted
Aug 15, 2023
Kind
B2
Abstract

A method is disclosed for provisioning a market-based game on a blockchain platform comprising: allocating, on the blockchain platform, a plurality of non-fungible tokens, each non-fungible token representing a different real-life entity in a pool of real-life entities; for each of the plurality of non-fungible tokens, allocating, on the blockchain platform, one or more corresponding fungible tokens that represent shares in the non-fungible token; allocating, on the blockchain platform, pool-management logic; allocating, on the blockchain platform, entity-management logic; and replenishing the pool-specific award by transferring the pool-specific award to a wallet that is associated with the pool of real-life entities for further distribution by the pool-management logic and the entity-management logic.

Claims (47)

1. A method for provisioning a market-based game on a blockchain platform, said method comprising:

allocating pool-management logic on the blockchain platform, the pool-management logic including one or more processor-executable instructions that when execute cause the blockchain platform to:

allocate a plurality of non-fungible tokens, wherein each of the non-fungible tokens represents a different real-life entity in a pool of real-life entities;

allocate, for each of the plurality of non-fungible tokens, one or more corresponding fungible tokens that represent shares in each of the non-fungible tokens; and

calculating an entity-specific prize corresponding to a real-life entity in the pool of real-life entities based on a rank of the real-life entity in the pool of real-life entities and a pool-

specific prize associated with the pool of real-life entities, the real-life entity being represented by one of the plurality of non-fungible tokens.

2. The method of claim 1 , further comprising:

calculating a user-specific prize based on the entity-specific prize and a number of shares in the one of the non-fungible tokens that is stored in a user wallet, and execute a transaction on the blockchain platform providing the user-specific prize to an owner of the user wallet.

3. The method of claim 1 , further comprising:

replenishing the pool-specific prize by transferring electronic funds to a pool wallet that is associated with the pool of real-life entities for further distribution by the pool-management logic and the entity-management logic.

4. The method of claim 1 , wherein:

providing the user-specific prize to the owner of the user wallet includes transferring the user-specific prize to the user wallet.

5. The method of claim 1 , further comprising:

transmitting to the pool-management logic an indication of the rank of the real-life entity.

6. The method of claim 1 , wherein the pool-management logic includes one or more processor-executable instructions, which when executed by the blockchain platform, cause the blockchain platform to receive an indication of the rank of the real-life entity.

7. The method of claim 1 , wherein:

allocating the pool-management logic includes allocating a contract that includes the pool-management logic; and

allocating the entity-management logic includes allocating a second contract that includes the entity-management logic.

8. The method of claim 1 , wherein:

allocating the pool-management logic and allocating the entity-management logic includes allocating a contract that includes both the pool-management logic and the entity-management logic.

9. The method of claim 1 , wherein:

allocating the entity-management logic includes allocating a plurality of instances of the entity-management logic, each instance of the entity-management logic being associated with a different one of the pool of real-life entities.

10. The method of claim 1 , wherein:

the pool-specific prize is replenished periodically.

11. The method of claim 1 , wherein:

each entity in the pool of real-life entities is a professional athlete and the rank of the real-life entity is based on an athletic performance of the real-life entity.

12. An apparatus for provisioning a market-based game on a blockchain platform comprising at least one processor and a memory operatively coupled to the at least one processor and being configured to store processor-executable instructions, which when executed by the at least one processor cause the at least one processor to perform a method comprising the steps of:

allocating, on the blockchain platform, pool-management logic including one or more processor-executable instructions, which when executed cause the apparatus to:

allocate, on the blockchain platform, a plurality of non-fungible tokens, each non-fungible token representing a different real-life entity in a pool of real-life entities;

for each of the plurality of non-fungible tokens, allocate, on the blockchain platform, one or more corresponding fungible tokens that represent shares in the non-fungible token; and

calculate a first entity-specific prize corresponding to a first real-life entity in the pool of real-life entities based on a rank of the first real-life entity in the pool of real-life entities, and a pool-specific prize associated with the pool of real-life entities, the first real-life entity being represented by a first one of the plurality of non-fungible tokens.

13. The apparatus of claim 12 , further comprising:

allocating, on the blockchain platform, entity-management logic including one or more processor-executable instructions that cause the blockchain platform to calculate a user-specific prize based on the entity specific prize and a number of shares in one of the plurality of non-fungible tokens that is stored in a user wallet.

14. The apparatus of claim 12 , further comprising:

allocating, on the blockchain platform, entity-management logic including one or more processor-executable instructions that cause the blockchain platform to execute a transaction on the blockchain platform providing the user-specific prize to an owner of the user wallet.

15. The apparatus of claim 12 , further comprising:

allocating, on the blockchain platform, entity-management logic including one or more processor-executable instructions that cause the blockchain platform to replenish the pool-specific prize by transferring electronic funds to a pool wallet that is associated with the pool of real-life entities for further distribution by the pool-management logic and the entity-management logic.

16. The apparatus of claim 12 , wherein:

providing the first user-specific prize to the owner of the user wallet includes transferring the user-specific prize to the user wallet.

17. The apparatus of claim 12 , further comprising:

transmitting to the pool-management logic an indication of the rank of the real-life entity.

18. The apparatus of claim 12 , wherein:

each entity in the pool of real-life entities is a professional athlete and the rank of the real-life entity is based on an athletic performance of the real-life entity.

19. The apparatus of claim 12 , wherein:

allocating the entity-management logic includes allocating a plurality of instances of the entity-management logic, wherein each instance of the entity-management logic is associated with a different one of the pool of real-life entities.

20. The apparatus of claim 12 , wherein:

the pool-specific prize is replenished periodically.

Continuity (2)
Continuation 16050925 · Jul 31, 2018
Related Publication 20200376387A1 · Dec 3, 2020
Cited By (1)
US 12,496,526