NIKE had eight patents in metaverse during Q2 2024. NIKE Inc’s patents in Q2 2024 focus on digital asset management, including transferring digital assets between platforms and rewarding users for physical activity in electronic games. The patents also cover systems for producing physical units of footwear or apparel based on cryptographic digital assets, as well as using avatars to visualize and respond to athletic performance data within social networking systems. GlobalData’s report on NIKE gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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NIKE had no grants in metaverse as a theme in Q2 2024.
Recent Patents
Application: System and method for providing phygital forge of cryptographic digital assets (Patent ID: US20240195614A1)
The patent filed by NIKE Inc. describes a computer-implemented method that allows users who have acquired cryptographic digital assets representing footwear or apparel to produce limited quantities of physical units of the represented items. Users are granted authorization to produce a predetermined number of physical units based on the digital asset they own, and they can place orders for these units through an electronic portal. The method involves extracting digital data associated with the digital asset, manufacturing the physical units accordingly, and fulfilling the orders by shipping the units to the users or their customers.
Additionally, the method includes features such as linking physical units to digital assets through unique identifiers, assigning manufacturing authorizations based on user criteria, granting exclusive resale rights, enabling secondary market trading, analyzing factors to determine production quantities, and adjusting generative algorithms based on popular traits. The patent also outlines a process for evaluating digital assets for physical production based on predefined criteria, determining maximum order quantities, providing portals for order execution, granting exclusive resale rights, and facilitating direct orders between users and manufacturers through APIs or web applications. Overall, the patent details a comprehensive system for producing physical products based on cryptographic digital assets in the footwear and apparel industry, incorporating various user-centric and market-driven functionalities.
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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.
