SYSTEMS AND METHODS FOR CROSS-PLATFORM CONVERSION AND EXCHANGE OF VIRTUAL ASSETS

• Main Authors: CAREY, Dave, COSTANZO, Peter G, SPECTOR, Howard
• Format: Patent
• Language: English
• Published: 05.10.2023
• Subjects: CALCULATING; COMPUTING; COUNTING; DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES; PHYSICS; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR

Systems and methods for cross-platform conversion and exchange of virtual assets are disclosed. An exemplary method includes receiving, at an external application programming interface (API) gateway of a financial institution backend, an API call, including completed-objective data from an entertainment platform, wherein the completed-objective data represents an in-game objective completed by a user of the entertainment platform; processing, as input to a conversion engine, the completed objective data, wherein the conversion engine includes a conversion table, and wherein the conversion table includes conversion rates that specify a value of the in-game objective in a plurality of different assets; crediting the value of the in-game objective to an account of the user; and displaying, as output of the conversion engine, the value of the in-game objective in the plurality of different assets to the user in electronic form.