US Patent Issued to INSOMNIAC HOLDINGS on Aug. 25 for "Methods to promote bidder participation" (California Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,718,285, issued on Aug. 25, was assigned to INSOMNIAC HOLDINGS LLC (Calabasas, Calif.).

"Methods to promote bidder participation" was invented by Camill Sayadeh (Encino, Calif.) and Ari Schindler (Woodland Hills, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-implemented method to promote bidder participation. A bid is received from a client for an auction, the bid is published, and weighted relative to other bids in the auction. The bid is rewarded with a share of the winning bid."

The patent was filed on June 17, 2022, under Application No. 17/843,842.

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