Non-fungible tokens with enhanced metadata
An example embodiment may involve, based on input from an entity, defining, by a computing system, a non-fungible token (NFT) that is associated with metadata representing a value and an expiry time that defines when the NFT expires, wherein the NFT incorporates smart contract functionality to emit an event when the NFT expires, and wherein the NFT is usable by its holder to modify behavior of a software application; submitting, by the computing system, the NFT as an entry proposed for addition to a cryptographically-immutable distributed database; receiving, by the computing system, confirmation that the entry has been added to the cryptographically-immutable distributed database; and listening, by the computing system, for the event, wherein firing of the event causes the value associated with the NFT to be transferred to the entity.
1 . A method comprising:
based on input from an entity, defining, by a computing system, a non-fungible token (NFT) that is associated with metadata representing a value and an expiry time that defines when the NFT expires, wherein the NFT incorporates smart contract functionality to emit an event when the NFT expires, wherein the NFT is usable by its holder to unlock a feature of a software application, and wherein after expiry the NFT can no longer unlock the feature;
submitting, by the computing system, the NFT as an entry proposed for addition to a cryptographically-immutable distributed database;
receiving, by the computing system, confirmation that the entry has been added to the cryptographically-immutable distributed database; and
listening, by the computing system, for the event, wherein firing of the event causes the value associated with the NFT to be transferred to the entity.
2 . The method of claim 1 , wherein the metadata is stored within the NFT and is included in the entry, or the metadata is stored in an off-chain digital content system that is separate from the cryptographically-immutable distributed database and the NFT contains a reference to the metadata.
3 . The method of claim 2 , wherein the NFT also incorporates smart contract functionality to emit a second event when the NFT is burnt, and wherein the second event causes the value to be transferred to a current holder of the NFT.
4 . The method of claim 1 , wherein the value changes between when the NFT is created and the expiry time.
5 . The method of claim 1 , wherein the NFT is transferrable from the entity to another entity by way of the cryptographically-immutable distributed database.
6 . The method of claim 1 , wherein the cryptographically-immutable distributed database is operated by the entity.
7 . The method of claim 1 , wherein the NFT represents an outcome of the software application, and wherein the outcome is usable by a current holder of the NFT to modify a behavior of the software application.
8 . A method comprising:
defining, by a computing system, a non-fungible token (NFT) that is associated with metadata representing an outcome of a software application, wherein the NFT is usable by its holder to unlock a feature of the software application, and wherein the NFT can no longer unlock the feature after the NFT expires;
submitting, by the computing system, the NFT as an entry proposed for addition to a cryptographically-immutable distributed database;
receiving, by the computing system, confirmation that the entry has been added to the cryptographically-immutable distributed database; and
transferring, by the computing system, the NFT to an entity that has obtained the outcome of the software application.
9 . The method of claim 8 , wherein the metadata is stored within the NFT and is included in the entry, or the metadata is stored in an off-chain digital content system that is separate from the cryptographically-immutable distributed database and the NFT contains a reference to the metadata.
10 . The method of claim 8 , wherein the metadata defines when the NFT expires, wherein the NFT incorporates smart contract functionality to emit an event when the NFT expires, wherein the metadata also represents a value, and wherein burning of the NFT causes the value to be transferred to a current holder of the NFT.
11 . The method of claim 8 , wherein the NFT is transferrable from the entity to another entity by way of the cryptographically-immutable distributed database.
12 . The method of claim 8 , wherein the software application comprises a wagering game, wherein the outcome comprises a result of playing the wagering game.
13 . The method of claim 8 , wherein the outcome is undefined by the NFT and unknown to a current holder of the NFT until the NFT is used to unlock the feature of the software application.
14 . A method comprising:
receiving, by a gaming software application and from a user device, a request for a user to access the gaming software application, wherein the request refers to a non-fungible token (NFT) stored in a cryptographically-immutable distributed database and an address of the user for the cryptographically-immutable distributed database, and wherein an identifier of the user is associated with the gaming software application;
in response to receiving the request, determining, by the gaming software application, that the address of the user holds the NFT by reading one or more blocks of entries stored in the cryptographically-immutable distributed database; and
in response to determining that the address of the user holds the NFT, (i) unlocking, by the gaming software application, access to a feature of the gaming software application for the user, and (ii) transmitting, by the gaming software application and to the user device, confirmation that access to the feature of the gaming software application has been granted, wherein the NFT is associated with metadata representing an expiry time that defines when the NFT expires, and wherein after expiry the NFT can no longer unlock access to the feature.
15 . The method of claim 14 , wherein the feature changes a visual appearance, animations, or soundtrack of the gaming software application.
16 . The method of claim 14 , wherein the gaming software application simulates a wagering game with a return-to-player percentage having a default value, and wherein the feature increases the return-to-player percentage above its default value.
17 . The method of claim 14 , wherein the feature comprises access to an ability or function only available by way of the NFT.
18 . The method of claim 14 , wherein the metadata also represents a value.
19 . The method of claim 18 , wherein the value changes between when the NFT is created and the expiry time.
20 . The method of claim 14 , wherein a second feature analogous to the feature is supported by a second software application, and wherein the NFT can be used to grant access to the second feature in the second software application.