US Patent Issued to ARENA CLUB on Sept. 1 for "System and method for risk-mitigated repurchase of digital collectible aggregates" (California Inventors)

ALEXANDRIA, Va., Sept. 1 -- United States Patent no. 12,725,123, issued on Sept. 1, was assigned to ARENA CLUB INC. (Los Angeles).

"System and method for risk-mitigated repurchase of digital collectible aggregates" was invented by Brian Lee (Los Angeles), Vartul Agrawal (Los Angeles) and Jesse Glass (Santa Monica, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented system for managing digital collectible transactions comprising a pack-value based repurchase architecture that provides guaranteed minimum returns based on original purchase price rather than volatile individual item valuations. The system implements a dual-transaction financial architecture wherein an initial purchase tr...