Block had two patents in metaverse during Q1 2024. Block Inc’s patent filed in Q1 2024 describes a method for generating dynamic electronic representations using modeling. This involves receiving interaction data between a user and the service provider or third-party services, executing a model to generate an electronic representation for a user profile based on this data, and presenting the electronic representation on an electronic device without input from the user. GlobalData’s report on Block gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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Block grant share with metaverse as a theme is 50% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Modeling to generate dynamic electronic representations (Patent ID: US20240005386A1)
Block Inc. has filed a patent for a method that involves generating dynamic electronic representations using modeling. The method includes retrieving interaction data between a user and a payment service or third-party services, executing a model to generate a graphical representation for a user profile based on the interaction data, and presenting the graphical representation on an electronic device. The model is trained using attributes associated with existing user profiles and corresponding interaction data without user input. Additionally, the method involves authenticating the user using the graphical representation, which can be customized based on various data types such as transaction data, merchant data, music data, or third-party data.
Furthermore, the patent describes the use of visual attributes in the graphical representation, such as color, design elements, text elements, or font. The model is trained using various data sources like demographic data, music media content, social media activity, and merchant communications. The electronic representation can be utilized as a payment instrument, with the method involving receiving payment requests associated with the representation, accessing payment data embedded in the representation, and authorizing the payment request. The system also includes operations for generating non-fungible tokens based on the electronic representation and updating the representation based on new interaction data periodically.
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