Fun with Virtual World Patents
October 31, 2007 — dusanwriterLet’s have some fun with patents referring to virtual worlds! (All of these are actual patent applications descriptions found on a patent Web site.
Patent:
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 a real-world obligation or virtual world obligation that is secured by the virtual collateral.
Means:
Soon to arrive ability to take out mortgages on virtual property and, failing to make payments, property is seized by the bank (”relinquishment of designated aspects) - so….not only will you lose your house in RL for spending too much time in virtual worlds, now you’ll lose your house in the virtual world too! Yay patent protected!





