ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,705,671, issued on Aug. 11, was assigned to RaffleLounge LLC (Wilmington, Del.).
"Token-based online raffle system" was invented by Brandon Gerard Relihan (Greenwich, Conn.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A method for transferring ownership of an asset via an online raffle includes receiving asset information including a minimum selling price (in raffle tokens) and a maximum listing duration for a raffle of the asset. The method further includes providing a representation of the asset via a user interface based on the asset information. The method further includes issuing raffle tokens. The method further includes receiving an asset selec...