Micron Technology had five patents in blockchain during Q1 2024. Micron Technology Inc’s patent involves methods and apparatus for selling virtual goods based on physical location. The technology detects a computing device near a specific location, displays a virtual environment related to that location, and offers virtual goods for sale based on the device’s location within the area. GlobalData’s report on Micron Technology gives a 360-degree view of the company including its patenting strategy. Buy the report here.
Smarter leaders trust GlobalData
Micron Technology grant share with blockchain as a theme is 80% in Q1 2024. Grant share is based on the ratio of number of grants to total number of patents.
Recent Patents
Application: Sale of virtual goods based on physical location (Patent ID: US20240070763A1)
The patent filed by Micron Technology Inc. describes methods, apparatus, and machine-readable media for selling virtual goods based on physical location. The apparatus includes a memory device and a processing device that can detect a computing device within a certain radius of a physical location, display a virtual environment associated with that location, and offer virtual goods for sale based on the device's location within that area. The system can also provide prompts to display the virtual environment and facilitate purchases using various currencies.
The patent claims detail the configuration and functionality of the apparatus and machine-readable medium, including displaying virtual environments via augmented reality, providing prompts for displaying the environment, and authenticating virtual goods with metadata indicating time and location of purchase. The method involves detecting a mobile device's geolocation, offering virtual goods for sale via augmented reality overlays, updating available goods as the device moves within the location, and facilitating purchases with authentication through blockchain technology. The method also includes providing virtual goods to avatars in a metaverse, denying access to goods if the device moves outside the location radius, and accepting various payment formats for virtual and physical goods.
To know more about GlobalData’s detailed insights on Micron Technology, buy the report here.
Premium Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
