Patents by Inventor Dan Galai

Dan Galai has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20110238530
    Abstract: A method for anonymous computerized commerce in non-fungible goods, the method including entering into a database particulars of non-fungible goods held by at least one of potential buyers and sellers, without providing to the database identifiers of the at least one of potential buyers and sellers, employing the database to match potential buyers with potential sellers of non-fungible goods based on similarities between non-fungible goods at least potentially available for sale by potential sellers and non-fungible goods held by potential buyers and establishing contact with at least one of potential buyers and sellers.
    Type: Application
    Filed: June 8, 2011
    Publication date: September 29, 2011
    Applicant: MUTUALART INC.
    Inventors: Mordekhay Shniberg, Dan Galai, Ayal Brenner
  • Publication number: 20090012909
    Abstract: A method of managing risk associated with ownership of shares in a company includes accepting shares for pooling into a collective investment fund. One or more financial instruments are issued in exchange for shares. Revenues are generated on behalf of the collective investment fund through realization of accepted shares. A portion of those revenues is distributed among the shareholders according to vested interests in the financial instruments held by the shareholders independent of whether the revenues were generated from the shares accepted from that particular shareholder.
    Type: Application
    Filed: August 5, 2005
    Publication date: January 8, 2009
    Applicant: MTS Investments, Inc.
    Inventors: Mordokhi Shniberg, Dan Galai
  • Publication number: 20080004969
    Abstract: A method for anonymous computerized commerce in non-fungible goods, the method including entering into a database particulars of non-fungible goods held by at least one of potential buyers and sellers, without providing to the database identifiers of the at least one of potential buyers and sellers, employing the database to match potential buyers with potential sellers of non-fungible goods based on similarities between non-fungible goods at least potentially available for sale by potential sellers and non-fungible goods held by potential buyers and establishing contact with at least one of potential buyers and sellers.
    Type: Application
    Filed: June 14, 2006
    Publication date: January 3, 2008
    Applicant: MUTUALART INC.
    Inventors: Mordekhay Shniberg, Dan Galai, Ayal Brenner
  • Patent number: 7263504
    Abstract: A business model for the diversification of risk in connection with works of art includes accepting from various artists works of art to be pooled in a collective investment fund. A financial instrument is issued to each particular artist in consideration for one or more works of art contributed by that artist to the fund. Revenues are generated on behalf of the fund through commercialization of the works of art in the fund. A portion of the revenues is distributed among the artists participating in the fund according to vested interests in the financial instruments held by the artists. A particular artist having a vested interest in one of the financial instruments is entitled to receive an amount of the revenues based on the collective commercial success of the works of art contributed to the fund by all the artists.
    Type: Grant
    Filed: January 7, 2004
    Date of Patent: August 28, 2007
    Assignee: MutualArt Inc.
    Inventors: Dan Galai, Mordokhi Shniberg
  • Publication number: 20050197943
    Abstract: A partnership between financial investors and dealers helps mitigate the risk associated with investing in commodities, such as emerging art, while allowing the dealers in the works of art to participate in the future appreciation of the artworks they sell. Investors invest money in a fund in exchange for financial instruments that entitle them to shares of the fund revenues. The fund acquires works of art from art dealers, who forego at least a portion of their profit from the immediate sale of the asset in return for a financial instrument that entitles them to a share of the funds revenues. Revenues are generated on behalf of the fund through commercialization of the works of art in the fund. Investors and dealers are entitled to a share of the revenues according to the terms of the financial instruments they receive.
    Type: Application
    Filed: January 20, 2005
    Publication date: September 8, 2005
    Inventors: Dan Galai, Mordokhi Shniberg
  • Publication number: 20040143530
    Abstract: A business model for the diversification of risk in connection with works of art includes accepting from various artists works of art to be pooled in a collective investment fund. A financial instrument is issued to each particular artist in consideration for one or more works of art contributed by that artist to the fund. Revenues are generated on behalf of the fund through commercialization of the works of art in the fund. A portion of the revenues is distributed among the artists participating in the fund according to vested interests in the financial instruments held by the artists. A particular artist having a vested interest in one of the financial instruments is entitled to receive an amount of the revenues based on the collective commercial success of the works of art contributed to the fund by all the artists.
    Type: Application
    Filed: January 7, 2004
    Publication date: July 22, 2004
    Inventors: Dan Galai, Mordokhi Shniberg