Security arrangements for virtual world obligations
First Claim
Patent Images
1. A method of arranging a virtual world transaction, comprising:
- identifying an obligation arising in a virtual world environment;
confirming something of virtual value is available to be collateral during a period prior to a satisfactory completion or resolution of the obligation;
helping to safeguard the collateral against an unacceptable change in status; and
allowing implementation of an arrangement to designate the collateral as security to help assure satisfactory completion or resolution of the obligation, wherein non-compliance with the obligation may result in possible relinquishment of the collateral.
1 Assignment
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Accused Products
Abstract
A method and system provides transactions and arrangements in virtual world environments. A user can participate in transactions to acquire virtual property and related virtual rights. In some implementations, real-world and virtual parties can be involved in virtual collateral transactions as well as conditional transfers and/or revocations involving various types of virtual objects and virtual rights. A possible relinquishment of designated aspects of the virtual collateral may result from unsatisfactory compliance with an obligation that is secured by the virtual collateral.
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Citations
59 Claims
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1. A method of arranging a virtual world transaction, comprising:
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identifying an obligation arising in a virtual world environment; confirming something of virtual value is available to be collateral during a period prior to a satisfactory completion or resolution of the obligation; helping to safeguard the collateral against an unacceptable change in status; and allowing implementation of an arrangement to designate the collateral as security to help assure satisfactory completion or resolution of the obligation, wherein non-compliance with the obligation may result in possible relinquishment of the collateral. - View Dependent Claims (2, 3, 4, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 32, 33, 34, 35)
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5-6. -6. (canceled)
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28-31. -31. (canceled)
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36. A computerized virtual world system that is operably associated with one or more computer program products having instructions thereon, the virtual world system comprising:
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computer means for creating a virtual world environment; a participant interface link operatively coupled to said computer means; and data records including a record of information related to an arrangement involving one or more virtual world obligations wherein a selected virtual collateral serves as security prior to completion or resolution of the one or more virtual world obligations, and control module means configured to help safeguard the selected virtual collateral against an unacceptable change in status. - View Dependent Claims (37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51)
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52-57. -57. (canceled)
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58. A computer program product comprising:
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a) program instructions configured to perform a process that associates information in a computer system, the process including enabling one or more participants in a computerized virtual world environment to make an arrangement for a virtual collateral transaction that provides for disposition of virtual collateral in the event of unsatisfactory performance of a virtual world obligation, providing a safeguard to help prevent a change in status of the virtual collateral prior to a resolution or completion of the virtual collateral transaction, creating an opportunity for the one or more participants to participate in the virtual collateral transaction with each other or with another virtual entity, making a record of the virtual collateral transaction including a performance record regarding terms of the virtual collateral transaction; and b) computer-readable signal-bearing media for encoding the instructions. - View Dependent Claims (59)
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Specification