New York, NY, Jan. 27, 2014 (GLOBE NEWSWIRE) -- (http://www.myprgenie.com) -- ICAP Patent Brokerage announces for sale a patent portfolio disclosing gaming techniques for social networking websites from inventor William M. Wolf. This IP package is available via sealed bid with a bidding deadline of March 27, 2014. Bids for this lot will be accepted starting March 25 through March 27.
"There are hundreds of millions of active users playing games on social networking sites each month. Therefore, these patented lottery-style gaming techniques comprise an important portfolio for companies involved in online gaming systems and social networking applications," says Dean Becker, CEO of ICAP Patent Brokerage.
Key Characteristics & Benefits
This portfolio discloses improved lottery-style gaming techniques for social networking websites. Social networks have been extremely successful in monetizing their respective user bases in regards to targeted advertisements or premium memberships. Gaming on social networks has also grown exponentially, but despite all the success and growth, these sites have yet to expand into lottery-style gaming. This patent portfolio would offer online gaming websites and applications the ability to expand into this potentially large and lucrative area.
The disclosed technique guarantees a winner each time the game operates, and also notifies the winning contestant at the end of the game or round. The notification may include a monetary reward, as an example, based on the total of entry fees paid. A high level of security is also maintained throughout the execution of the game such as each entry is stored in a data bank with IDs of the contestants. Further, as the game is implemented on the social networking websites, chances of fraud and corruption decrease.
See this technical description of the lottery games on social networks IP sales offering.
To learn more about the assets available for sale in this portfolio or to place a bid:
Contact Paul Greco of ICAP Patent Brokerage at (212) 815-6692 or via email at Paul.Greco@us.icap.com.
Visit our website to make a patent submission for an upcoming sealed bid event.
About ICAP Patent Brokerage
ICAP Patent Brokerage is a division of ICAP plc and the world's largest intellectual property brokerage and patent auction firm.
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Source:ICAP Patent Brokerage LLC