VALUE-GENERATING ALTERNATIVES TO USING VIRTUAL CURRENCY

• US 20120316918A1
• Filed: 06/08/2011
• Published: 12/13/2012
• Est. Priority Date: 06/08/2011
• Status: Abandoned Application

• Current Assignee: Magi.com, Inc.
• Original Assignee: Hi5 Networks Incorporated (Tagged Incorporated)
• Inventors: Kerr, Monty L., St. John, Alexander K., Kongovi, Rajat
• Application Number:
  US13/156,164
• Publication Number:
  US 20120316918A1
• Time in Patent Office: Days
• US Class Current: 705/7.31
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 30/0241 Advertisements
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 50/01 Social networking

Abstract

In various embodiments, the present disclosure provides systems, computer-readable media and methods for presenting a user with value-generating alternatives to consuming virtual currency. In some embodiments, it may be determined that a user wishes to consume a content of the service provider, using virtual currency of the user. Usage of the user'"'"'s virtual currency may generate or potentially generate a first value for the service provider. A value-generating alternative may be selected from a plurality of value-generating alternatives for the user to consume the content, in lieu of using the virtual currency of the user. The selected value-generating alternative may generate or potentially generate a second value for the service provider that is greater than the first value. The selected value-generating alternative may be caused to be presented to the user for the user to consume the content, in lieu of using the virtual currency of the user.

Claims

1. A computer-implemented method, comprising:

determining, by a computer system of a service provider, that a user wishes to consume a content of the service provider, using virtual currency of the user, wherein usage of the user'"'"'s virtual currency generates or potentially generates a first value for the service provider;

selecting, by the computer system, a value-generating alternative from a plurality of value-generating alternatives for the user to consume the content, in lieu of using the virtual currency of the user, wherein the selected value-generating alternative generates or potentially generates a second value for the service provider that is greater than the first value; and

causing to be presented to the user, at another computer system of the user, by the computer system, the selected value-generating alternative for the user to consume the content, in lieu of using the virtual currency of the user.

2. The computer-implemented method of claim 1, wherein the plurality of value-generating alternatives includes at least one direct value-generating alternative and at least one indirect value-generating alternative.

3. The computer-implemented method of claim 2, wherein the at least one direct value-generating alternative is purchasing additional virtual currency.

4. The computer-implemented method of claim 2, wherein the at least one indirect value-generating alternative is selected from consuming advertising, inviting new users to consume content of the service provider, generating consumable content for the service provider, or increasing engagement by the user in content of the service provider.

5. The computer-implemented method of claim 4, further comprising:

determining, by the computer system, a likelihood, α

, of the user participating in inviting new users to consume content provided by the service provider;

determining, by the computer system, a likelihood, β

, of an invited user accepting an invitation to consume content provided by the service provider;

determining, by the computer system, an expected lifetime value of a new user, σ

; and

calculating, by the computer system, an expected value to be generated for the service provider from the user inviting new users to consume content provided by the service provider based at least in part on α

, β

, and σ

.

6. The computer-implemented method of claim 5, wherein the expected lifetime value of a new user, σ

;

includes expected lifetime values of one or more new users invited by the user.

7. The computer-implemented method of claim 1, further comprising determining, by the computer system, from activities of the user over a period of time, an expected level of participation by the user in each of the plurality of value-generating alternatives;

wherein the value-generating alternative is selected from the plurality of value-generating alternatives based at least in part on the expected levels of participation by the user in the plurality of value-generating alternatives.

10. The computer-implemented method of claim 1, wherein the value-generating alternative is selected from the plurality of value-generating alternatives based at least in part on a time of day.

11. The computer-implemented method of claim 1, further comprising determining, by the computer system, for each of the plurality of value-generating alternatives, an expected effect on a lifetime value of the user;

wherein the value-generating alternative is selected from the plurality of value-generating alternatives based on the expected effects on the lifetime value of the user of the plurality of value-generating alternatives.

12. The computer-implemented method of claim 1, further comprising analyzing, by the computer system, activities of a plurality of users to determine points at which the plurality of users are most likely to participate in each of the plurality of value-generating alternatives;

wherein the value-generating alternative is selected from the plurality of value-generating alternatives based at least in part on the user'"'"'s proximity to one or more of the determined points.

13. The computer-implemented method of claim 1, further comprising:

facilitating, by the computer system, the user choosing between the selected value-generating alternative and using the virtual currency of the user; and

assigning, by the computer system, a monetization score to the user based at least in part on the user'"'"'s choice.

14. The computer-implemented method of claim 13, further comprising:

determining, by the computer system, an expected lifetime value of the user based at least in part on the monetization score; and

optimizing, by the computer system, a lifetime value of the user based at least in part on the monetization score.

8. The computer-implemented method of claim 8, further comprising:

calculating an expected value to be generated for the service provider from each of the plurality of value-generating alternatives, based at least in part on the expected levels of participation by the user in the plurality of value-generating alternatives;

wherein the value-generating alternative having a highest expected value to be generated is selected from the plurality of value-generating alternatives for presentation to the user.

9. The computer-implemented method of claim 8, wherein the expected levels of participation by the user in the plurality of value-generating alternatives are determined at least in part by comparing content consumption of the user to content consumption of a plurality of users.

15. A non-transitory computer-readable medium having computer-readable code embodied therein, the computer-readable code comprising instructions configured to enable an apparatus, in response to execution of the instructions, to perform a number of operations, including:

determining that a user wishes to consume a content provided by a service provider, using virtual currency of the user, wherein usage of the user'"'"'s virtual currency generates or potentially generates value for the service provider;

calculating expected values to be generated or potentially generated for the service provider from a plurality of value-generating alternatives for the user to consume the content, in lieu of using the virtual currency of the user, the plurality of value-generating alternatives including one or more of inviting new users to consume content provided by the service provider, generating consumable content for the service provider, and increasing engagement of the content provided by the service provider;

selecting a value-generating alternative from the plurality of value-generating alternatives with a highest expected value to be generated or potentially generated for the service provider; and

causing to be presented to the user the selected value-generating alternative for the user to consume the content, in lieu of using the virtual currency of the user.

16. The non-transitory computer-readable medium of claim 15, wherein the operations further include determining, by comparing past activities of the user to past activities of a plurality of users, one or more expected levels of participation by the user in one or more of the plurality of value-generating alternatives;

wherein the expected values to be generated or potentially generated for the service provider from the plurality of value-generating alternatives are determined based at least in part on the one or more expected levels of participation by the user in the plurality of value-generating alternatives.

17. The non-transitory computer-readable medium of claim 15, wherein the value-generating alternative is selected from the plurality of value-generating alternatives based at least in part on a time of day.

18. The non-transitory computer-readable medium of claim 15, wherein the operations further include determining, by the computer system, for each of the plurality of value-generating alternatives, an expected effect on a lifetime value of the user;

wherein the value-generating alternative is selected from the plurality of value-generating alternatives based at least in part on the expected effects on the lifetime value of the user of the plurality of value-generating alternatives.

19. The non-transitory computer-readable medium of claim 15, wherein the operations further include analyzing, by the computer system, activities of a plurality of users to determine a point at which the plurality of users are most likely to participate in each of the plurality of value-generating alternatives;

wherein the value-generating alternative is selected from the plurality of value-generating alternatives based at least in part on the analysis.

20. The non-transitory computer-readable medium of claim 15, wherein the operations further include:

facilitating, by the computer system, the user choosing between the selected value-generating alternative and using the virtual currency of the user;

assigning, by the computer system, a monetization score to the user based at least in part on the user'"'"'s choice.

determining, by the computer system, an expected lifetime value of the user based at least in part on the monetization score; and

optimizing, by the computer system, a lifetime value of the user based at least in part on the monetization score.

21. A system, comprising:

a processor;

a content module operated by the processor to facilitate, by a user at a computer system of the user, consumption of a content provided by a service provider;

a data collection module operated by the processor to collect data relating to past consumption of content of the service provider by a plurality of users, including the user, over a period of time; and

a monetization module operated by the processor to;

determine that the user wishes to consume the content of the service provider, using virtual currency of the user, wherein usage of the user'"'"'s virtual currency generates or potentially generates a first value for the service provider;

based on the data collected by the data collection module, select a value-generating alternative from a plurality of value-generating alternatives for the user to consume the content, in lieu of using the virtual currency of the user, wherein the selected value-generating alternative generates or potentially generates a second value for the service provider that is greater than the first value; and

facilitate the user choosing between the selected value-generating alternative and using the virtual currency of the user.

22. The system of claim 21, wherein the content of the service provider that the user wishes to consume is content of a social network game.