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Source: AiThority
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  • New World has applied for a U.S. patent related to Geo-Pinning of Augmented Reality (AR) Objects
  • The company plans to file more patents in the U.S. and internationally to protect its proprietary technology
  • The technology allows users to see pinned locations of multiple AR objects on a map
  • This patent application is a first step toward a strong IP portfolio
  • Graph Blockchain provides shareholders with exposure to various areas of Decentralized Finance
  • Its subsidiary New World is an augmented reality art-focused NFT company
  • Shares in Graph Blockchain Inc. (GBLC) are steady, trading at $0.065 per share

New World, a subsidiary of Graph Blockchain (GBLC) has applied for a U.S. patent related to Geo-Pinning of Augmented Reality (AR) Objects.

This patent application is a first of many that the Canadian AR NFT platform has planned to file in the United States and internationally for securing exclusive rights to their technology.

New World will also be filing a Patent Cooperation Treaty (PCT) application for obtaining international patent-pending status. This will allow the company to reserve foreign patent rights in the member states of the PCT.

The patent-pending technology is reportedly applicable to a broad range of online services where multiple AR objects are displayed to users using pinned locations on a map.

Its purpose is to reduce networking and computational requirements when displaying AR objects on user devices. This represents an improvement over state-of-the-art technologies related to geo-pinning of 3D objects by increasing the efficiency of data transmission and adding flexibility.

This patent application is a first step toward a strong IP portfolio for New World, tailored to protect its investments in R&D, deterring copycats, and seeking legal recourse against companies that use their technology without a license.

The company has also invested time and effort in establishing a structured timeline for filing additional patent applications.

Graph Blockchain provides shareholders with exposure to various areas of Decentralized Finance (DeFI).

Its subsidiary New World is an augmented reality art-focused NFT company that allows creators, musicians, and celebrities to have access to an NFT distribution canvas to create and sell digital art.

Shares in Graph Blockchain Inc. (GBLC) are steady, trading at $0.065 per share as of 11:46 am ET.

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