US Patent Issued to Vivid Seats on April 21 for "Ownership restricted electronic ticketing system" (Pennsylvania Inventor)

ALEXANDRIA, Va., April 21 -- United States Patent no. 12,608,716, issued on April 21, was assigned to Vivid Seats LLC (Chicago).

"Ownership restricted electronic ticketing system" was invented by Jonathan M. Wagner (Audubon, Pa.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for receiving an indication authorized by a first entity to transfer ownership rights in a token to a second entity are provided. The indication comprises a set of verifiable qualifications associated with the second entity, the token comprising a record of a first value associated with the token, a record of at least a set of restrictions associated with the token, and a reference to an executable program. In respons...