SYSTEMS AND METHODS FOR ENABLING NON-FUNGIBLE TOKENS (NFTs) IN A VIRTUAL/METAVERSE ENVIRONMENT

Smart overview of the Invention

Systems and methods are designed to facilitate the use of non-fungible tokens (NFTs) within virtual or metaverse environments. By connecting an NFT marketplace to these digital spaces, users can display, sell, broker, and trade NFTs based on their interests. A weighted taxonomy is generated from the NFTs displayed, which helps in determining user interests, especially for new users who may own NFTs with similar characteristics.

User Interest Matching and Guidance

The process identifies a new user's interests by analyzing their current NFT ownership against the generated taxonomy. When a match is found, the system provides guidance for avatars of both the new user and existing NFT owners to meet virtually. This interaction is facilitated through designated servers and locations to enhance discussions around buying or selling NFTs.

Transaction Recording on Blockchain

Once an NFT sale or trade is executed, the transaction details are recorded on a blockchain. This ensures that all trades are publicly verifiable and secure, maintaining the integrity of ownership and transaction history. The use of blockchain technology reinforces trust among users in the NFT marketplace.

Delegation of NFT Sales

Owners can delegate the sale or trade of their NFTs to brokers, allowing for more flexible management of their assets. The owner can specify which NFTs are available for brokering and set parameters for the broker's actions. This includes limitations on displaying NFTs and negotiating deals, ensuring that owners retain control over their assets while leveraging brokers' expertise.

Display and Visibility Controls

Users have control over which NFTs they wish to display in the virtual environment. Configuration settings allow owners to selectively showcase their NFTs to specific audiences based on trustworthiness ratings or interest matching. This tailored approach enhances user experience by ensuring that only relevant parties can view certain NFTs, thereby optimizing potential transactions.