Mitel Networks has filed a patent for a technology that determines the value of a digital collectible based on the creator’s influence and the collectible’s popularity. The technology aggregates these values, normalizes them, and assigns an assessed value to the collectible. The collectible can then be converted into a non-fungible token (NFT) with the assessed value. GlobalData’s report on Mitel Networks gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Mitel Networks, Intelligent contact centers was a key innovation area identified from patents. Mitel Networks's grant share as of September 2023 was 66%. Grant share is based on the ratio of number of grants to total number of patents.
Determining and assigning value to digital collectibles based on popularity and creator's clout
A recently filed patent (Publication Number: US20230245163A1) describes an apparatus and method for determining the value of a digital collectible based on the clout and popularity of its creator. The apparatus includes a clout analyzer, a popularity analyzer, and a valuator. The clout analyzer determines a clout value for the creator, which is an aggregate measurement of factors contributing to the creator's influence, such as the number of social media followers. The popularity analyzer determines a popularity value for the digital collectible, which is an aggregate measurement of factors contributing to its popularity, such as the number of social media likes. The valuator then aggregates the clout value and the popularity value into an assessed value for the digital collectible, which is normalized to ensure fairness.
Additionally, the apparatus may include an exclusivity analyzer to determine an exclusivity value for the digital collectible. This value represents the number of copies of a non-fungible token (NFT) to be generated from the digital collectible. The valuator aggregates the exclusivity value with the clout value and the popularity value to further refine the assessed value.
The method described in the patent involves the same steps as the apparatus. The clout value and the popularity value are determined for the creator and the digital collectible, respectively. These values are then aggregated and normalized to assign an assessed value to the digital collectible. The method may also involve converting the digital collectible into an NFT with the assessed value and determining an exclusivity value for the digital collectible.
The patent also mentions the possibility of adjusting scoring weights based on current events, indicating that the value calculation can be adapted to changing circumstances. Furthermore, the patent includes instructions for non-transitory machine-readable storage mediums that enable the execution of the described method by processing devices.
Overall, this patent proposes a system for determining the value of digital collectibles based on the clout and popularity of their creators. By considering various factors and normalizing the values, the system aims to provide a fair and accurate assessment of the collectibles' worth.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
