Ag 18 received 1 granted patent this quarter in Monetization (1).
The patent covers a blockchain-enabled peer-to-peer gaming Platforms that allows users to wager cryptocurrency on skill-based games. The Monetization technology encompasses in-game betting functionality and integration with virtual item marketplaces for real-money transactions.
The Monetization patent describes a blockchain-based system that enables players to wager real money on skill-based competitive games through peer-to-peer transactions. The technology tracks virtual item ownership on an immutable ledger while supporting wagers in multiple forms, including traditional currency, cryptocurrency, and in-game items. Beyond direct player-versus-player betting, the system allows spectators to place real-time bets on ongoing competitive matches. The Platforms combines these wagering mechanisms with a marketplace where players can trade virtual items for actual monetary value.