Abstract: A tokenization platform that utilizes smart contracts for facilitating token-based transactions for items is disclosed. The system includes an item management system that generates a virtual representation of an item based on item attributes thereof and that generates a smart contract that defines conditions for self-executing a transaction relating to the item. The system includes a tokenization system that generates a digital token that corresponds to the item that is cryptographically linked to the virtual representation thereof. The system also includes a ledger update system that updates a cryptographic ledger with the virtual representation, the digital token, and the smart contract corresponding to the virtual representation, wherein in response to determining that the set of verifiable conditions are satisfied, the smart contract instructs the ledger update system to transfer the digital token to an account of a user that transacted for the item.

Abstract: A loan process smart contract manages a collateralized loan process for a loan against a collateralized item, the collateralized loan process including tokenizing and locking a collateral token that tokenizes the collateral item, managing distributed stages of authentication, appraisal, and safekeeping of the collateral item, monitoring terms of the loan, and detecting an unlocking event of the loan for unlocking the collateral token.

Abstract: In embodiments of the present invention, methods are provided for maintaining a plurality of public addresses, and a plurality of virtual representations of a plurality of respective items. For each virtual representation, a set of digital tokens may respectively correspond to an item represented by the virtual representation, and each digital token may be cryptographically linked with the corresponding virtual representation. Owners of a token may request redemption of the digital token and have ownership information and fulfillment details verified. Fulfillment details may be provided to a fulfillment system that satisfies transactions for items.

Abstract: A tokenization system that facilitates token-based trades of items is disclosed. The system includes a token generation system that generates digital tokens that are cryptographically linked to respective item identifiers of respective items. The system includes a ledger update system that writes the digital tokens to a cryptographic ledger and updates ownership data thereof to reflect respective owners of the digital tokens. The system also includes a trading system that facilitates non-monetary exchange of the items using the digital tokens, whereby a transfer system initiates a transfer of a second digital token to a first account of a first user and a second transfer of a first digital token to a second account of a second user on the cryptographic ledger in response to the trading system facilitating a trade of the first item and the second item between the first and second user.

Abstract: In embodiments, a method for facilitating token-based transactions for real-world items in video games using digital tokens is disclosed. The method includes receiving, by the video game instance, an in-game advertisement from a video game integration system, wherein the in-game advertisement is an advertisement to transact for an advertised real-world item represented by an advertised digital token generated by the tokenization platform and includes a visual indicum corresponding to the digital token. The method also includes presenting, by the video game, the electronic in-game advertisement to the user via a display device of the user device and facilitating a transaction by the user for the advertised real-world item. The method also includes transmitting, via the video game, a request to the video game integration system requesting updating of ownership data of the advertised digital token to reflect that the user is the respective owner of the advertised digital token.

Abstract: A system for tokenizing multiple incompatible cryptocurrencies is disclosed. The system includes an interface that receives a request to tokenize defined quantities of two or more cryptocurrencies that are tokenized in accordance with respective tokenization protocols and are maintained on different cryptographic ledgers. The system includes a token generation system that generates a tokenized token that represents the defined quantities of the cryptocurrencies in accordance with a specific protocol that is different than the respective protocols to provide a unique tokenization of the defined quantities cryptocurrencies.

Abstract: In embodiments, a system for tokenizing incompatible currencies is disclosed. The system includes a currency bridge that receives a request to tokenize an amount of currency for a user, verifies verify that the user has the defined amount of currency and that the currency has been locked in an account such that the user is unable to transfer the defined amount of currency from the account, and in response to verifying that the defined amount of currency has been locked, request generation of an NFT in accordance with a tokenization protocol that represents the locked currency. The system includes a token generation system that generates the NFT and a ledger management system that associates the NFT with an account of the user on a cryptographic ledger that stores NFTs that are defined in accordance with the protocol, thereby allowing the user to transact using the NFT.

Abstract: A system for facilitating transactions for real-world items in video games using digital tokens is disclosed. The system is configured to generate a digital token and cryptographically link the digital token to on a blockchain to facilitate transactions for the item using the blockchain. The system includes a video game integration system that serves an electronic advertisement corresponding to the real-world item to a video game that includes a visual indicum of the token; receives a notification indicating that a user has transacted for the real-world item via the video game; and initiates an assignment of the digital token to an account of the user on the blockchain, such that ownership data of the digital token is updated to reflect that the user is an owner of the digital token, such that the user may redeem the token to take possession of the item.

Abstract: A tokenization platform for tokenizing consumer products is disclosed. The system includes an item management system that generates a virtual representation of the consumer product based on a set of attributes of a product. The system also includes a token generation system that generates a unique digital token having a set of digital attributes that correspond to the virtual representation and cryptographically links the digital token and an instance of the virtual representation corresponding to a unit of the consumer product. The system also includes a ledger update system that writes the unique digital token to a cryptographic ledger, thereby facilitating transactions for the unique unit of the consumer product using the unique digital token.

Abstract: A system for generating a digital token that uniquely represents a real-world object is disclosed. The system includes a digital token generation system that generates a unique digital token having a set of digital attributes that correspond to a set of real-world object attributes of a real-world object and to generate a cryptographic link between the unique digital token generated by the cryptographic token generation system and a unique identifier for the unique unit of the real-world object, such that the unique digital token provides a unique digital representation of the unique unit of the real-world object. The system also includes a ledger update system configured to write the unique digital token to a blockchain, thereby facilitating transactions for the real-world object using the digital token, wherein the ledger update system updates a side chain of the blockchain with the unique digital token.

Abstract: In embodiments, a system for tokenizing fungible items is disclosed. The system includes an item management system that generates N fungible tokens that are cryptographically linked to a virtual representation of a fungible item, such that each token provides a digital representation of the item. The system is further configured to write the N fungible tokens to a cryptographic ledger and to initiate transfer of the ownership of one of the fungible digital tokens to an account of an acquirer via the ledger in response to the acquirer transacting for a unit of the fungible item. The system also includes a redemption system that executes a redemption workflow in response to a redeeming owner redeeming a fungible digital token, wherein the redemption workflow includes initiating delivery of an available unit of the available units and burning the fungible digital token on the cryptographic ledger.

Abstract: In embodiments, a tokenization platform that performs risk management functions is disclosed. In embodiments, the system includes a token generation system that generates digital tokens that are cryptographically linked with a virtual representation of an item being offered for sale by a seller. The system also includes a risk management system that determines a risk score associated with the seller and applies a set of conditions to a set of digital tokens that define one or more conditions that must be met to list the item for sale based on the risk score. The system also includes a marketplace system that provides a marketplace interface that allows a user to purchase the item in response to determining that the set of conditions are met by the seller and initiates an assignment of the digital token to an account of the user in response to the user transacting for the item.

Abstract: Methods and systems are described for facilitating lending of NFTs through an NFT marketplace system. In some embodiments a token marketplace system receives a request from a lender to create an NFT loan listing, verifies the lender's ownership of the token, and creates the listing. When a potential borrower requests to borrow the NFT, the system initiates a series of verification steps. These include requesting permission for a retrieval smart contract to act on behalf of the borrower's account and confirming that these permissions have been granted by the lendee. Upon successful verification, the system initiates a blockchain transaction to transfer the NFT to the borrower's account. The foregoing allows NFT owners to lend their NFTs to lendees in a trustless ecosystem.

Abstract: A system for awarding prizes to users via an electronic game of chance is disclosed. The system is configured to generate digital tokens that are cryptographically linked to respective virtual representations of a set of winnable items. The system further includes a mystery box system that is configured to serve a mystery box game to a client device, wherein the mystery box game includes a mystery box recipe that designates a respective probability of winning each winnable digital token of the set of digital tokens and is configured to randomly select a winning digital token from the set of digital tokens in accordance with the mystery box recipe. The mystery box system is further configured to award the winning digital token to the user, wherein the winning digital token is redeemable for the respective winnable item corresponding to the winning digital token.

Abstract: A method for integrating real-world items into video games is disclosed. The method includes receiving, by a video game instance, a digital token corresponding to a real-world item from a video game integration system, the digital token being linked with the item and corresponding to an in-game benefit that is provided to an owner of the token. The method also includes facilitating, by the video game instance, a transaction by the user for the item the video game, wherein in response to the user transacting for the item, ownership data of the digital token is updated on a cryptographic ledger to assign ownership of the digital token to the user. The method also includes conferring, by the video game instance, the in-game benefit to the user in the video game and revoking the in-game benefit in response to the digital token no longer being assigned to the user.

Abstract: A system for integrating real-world items into video games is disclosed. The system is configured to generate a digital token that is cryptographically linked to an item identifier of a real-world item and to write the token to a cryptographic ledger, wherein the token corresponds to an in-game benefit in a video game that is unlocked for an owner of the token. The system includes a video game integration system that receives a request from an instance of the video game, wherein the request is indicative of the user and requests eligible digital tokens owned by the user; accesses the account of the user on the blockchain using a public address of the user to verify that the user is the owner of the digital token; and serves the digital token to the instance of a video game that unlocks the in-game benefit in response to receiving the token.

Abstract: A system that facilitates message-based transfer of digital tokens is disclosed. In embodiments, the system includes a tokenization system that generates unique digital tokens that are cryptographically linked to respective items, such that the unique digital tokens provide unique digital representations of unique units of the respective items. The system further includes an application programming interface system that interfaces with a messaging system that is configured to integrate handling of a digital token into a short messaging service, whereby transfer of the unique digital token from a first account of a first user to a second account of a second user is automatically executed upon sending a short message service message that incorporates the unique digital token therein.

Abstract: In embodiments, a tokenization platform that enables gifting of items using digital tokens is disclosed. The tokenization platform includes a token generation system that generates digital tokens that are cryptographically linked with item identifiers and corresponding attributes of respective items, whereby the digital tokens provide digital representations of the respective items. The system includes a ledger update system that writes the digitals token to a cryptographic ledger and that updates the cryptographic ledger to reflect ownership data of the items, thereby facilitating transactions for the items using the digital tokens. The system also includes a transfer system configured to facilitate gifting of the items using the digital tokens, wherein upon recognition of a gift instruction received from a device associated with a gifting user, the transfer system initiates a transfer of a digital token corresponding to respective item to an account of a receiving user via the cryptographic ledger.

Abstract: In embodiments of the present invention, systems are provided for a management system that receives a set of item attributes of an item offered for sale and generates a virtual representation of the item based on the item attributes. In embodiments, a ledger management system may generate a digital token corresponding to the item and cryptographically link the token to the virtual representation. In embodiments, a buyer marketplace system provides a digital marketplace whereby users view virtual representations of items, transact for items, validate and redeem a digital token, and burn the digital token such that the digital token is no longer redeemable or transferrable.

Abstract: A method for awarding prizes to users via an electronic game of chance is disclosed. The method includes executing, by a gaming device, a mystery game that includes a recipe that defines a respective probability corresponding to each respective winnable token and a manner by which a winning digital token is randomly selected. The method also includes randomly selecting the winning digital token from the set of winnable digital tokens based on the mystery box recipe, wherein the winning digital token is redeemable for a corresponding winnable item that is represented by the winning token. The method includes awarding the winning digital token to user, wherein the winning token is redeemable for the won item. The method includes upon selecting the winning digital token, transmitting a signal indicative of winning token to a mystery box system that initiates a transfer of the winning token to an account of the user.