【Outline】
We are pleased to announce that, following extensive research and development by our team members on the subject mentioned in the title, we have successfully obtained a business model patent using the Super Early Examination System of the Patent Office. This patent features the capability to create a cryptocurrency ecosystem. Despite the expected rapid growth of cryptocurrencies and legislative reforms being made in other countries, cryptocurrencies are not yet prevalent in the wallets of the general consumer.
Characters, content providers, and sports teams that traditionally have large fan bases have increased fan loyalty through merchandise sales. Our patent represents a completely new business model based on the fundamental desire of fans to select, purchase, and support through merchandise, leveraging these traditional fan activities.
- Patent number: P7349689
- Number of claims: 14
- Registration date: September 14, 2023 (Reiwa 5)
- Issue date: September 25, 2023 (Reiwa 5)
【Challenges Identified by Our Company】
The absence of cryptocurrencies in the hands of general consumers is slowing the expansion of Web3 related businesses including NFTs (such as ticket sales, reservation tickets, meal vouchers), blockchain-based games, the Metaverse, and VR.
The recommended cryptocurrencies vary among the favorite entities (such as characters, content, and sports teams).
The skills of craftsmen, including chefs representative of Japanese cuisine and artisans, are not being fully utilized.
Ineffective use of opportunities related to inbound tourism.
There is no effective and inexpensive system for favorite entities to reward supporters according to their contribution levels.
Credit card ownership has age restrictions, and minors under 18 cannot enjoy the world of Web3 that utilizes cryptocurrencies.
Credit card payments may lead to over-indebtedness.
Donations require paying up to 30% in fees to platform providers.
【Solution】
Our ecosystem platform enhances the engagement between fans and their favorite personalities. On this platform, merchandise sold by favorite entities will be bundled with digital value. Fans, known as supporters, can purchase merchandise not only for the physical item but also for the digital value it represents, receiving equivalent cryptocurrencies that can be stored in their personal wallets. This allows fans to use their cryptocurrencies for further support activities within various Web3 systems operated by the favorite entities. At the same time, favorite entities can provide proper thank-you gifts to their fans, establishing strong engagement. This mechanism is expected to foster interaction between fans and favorite entities, enhancing the vitality of the entire ecosystem.
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