US 8579710

Here's a concise summary of US patent 8579710:

US Patent 8579710: Systems and methods of virtual goods trading using ratings to ascribe value to virtual goods

• Title: Systems and methods of virtual goods trading using ratings to ascribe value to virtual goods
• Current Assignee: ImagineAR Inc.
• Original Assignee: XMG Studio Inc.
• Inventors: Oliver (Lake) Watkins, JR., Yousuf Chowdhary, Jeffrey Brunet, Ravinder (“Ray”) Sharma
• Filing Date: January 18, 2012
• Issue Date: November 12, 2013
• Abstract: A method is provided for trading virtual goods. A game environment is provided in which a first player can acquire or develop a virtual good. This virtual good has a starting value. At least one rating of the virtual good is received from a second player via the game environment. The starting value is automatically increased or decreased as a function of the at least one rating of the virtual good. The virtual good is then made available for purchase at the new value. A system for trading virtual goods is also provided.

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Plain-Language Overview of Independent Claims:

• Independent Claim 1 (Method Claim):
  This claim describes a method for trading virtual goods within a video game. It involves a computing device and storage. A first player can acquire or create a virtual good that has an initial value, which is stored. A second player provides a rating for this virtual good, and this rating is also stored. The computer then automatically adjusts the virtual good's value (increasing or decreasing it) based on the received rating, and stores this new value. An interface then displays the virtual good for purchase at this new value. A key aspect is that when a player requests to buy the virtual good, the system checks if that player previously rated the virtual good before allowing the purchase to proceed.

• Independent Claim 15 (System Claim):
  This claim describes a computer-implemented system for trading virtual goods, including a game engine and a storage medium. The game engine is designed to provide a game environment where players can acquire or create virtual goods with a starting value. The game engine receives ratings for these virtual goods from other players and automatically adjusts the virtual good's value based on these ratings. The system then makes the virtual good available for purchase at its updated value. Critically, the game engine is also programmed to check if a player requesting to purchase a virtual good had previously rated it before permitting the sale. The storage medium is connected to the game engine and is responsible for storing the virtual good's initial value, the received ratings, and the new, adjusted value.

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CAFC 2026 Dockets:
The provided patent information indicates that US Patent 8579710 is involved in litigation at the Court of Appeals for the Federal Circuit under case number 26-1720. Specific details regarding the current status or proceedings of this particular case are not available from general public docket searches at this time.