Patents May Decide the IndustryWith virtually all of the technology and social media giants investing heavily with varying strategies, the one thing that they are all chasing as the “Holy Grail” are a few key cornerstone Patents. The first of the cornerstone patents significant that control the Intellectual property of capturing and distributing Virtual Reality and Augmented Reality was owned by Oculus which made up the majority of its 2-Billion-dollar price tag that Facebook ponied up. Apples purchase of NextVR for 100 million is rumored to be primarily in order to gain control of another cornerstone patent technology supporting high quality video streams of music and sporting events to VR headsets. Although NextVR holds over 40 technology patents in total, it is this one Patent that is rumored to be the sparkle in Apples eye. Microsoft hold thousands of Patents and is likely to hold at least a few pieces to the patent puzzle. One of the other likely Cornerstone patents was featured in a special “Bold Patent” spot on CNBC during Shark tank in which CEO Barry Henthorn appeared, is ReelTimes’ non-provisional patent application covering apparatus and method claims for technology involving simultaneous capturing of 360 X 360 degree Spherical Panorama Images and Video. According J.D. Houvener, CEO of Bold Patents and author of “Bold Ideas,” “The intellectual property contained in the non-provisional patent application we filed on behalf of ReelTime VR has the potential to be completely industry shaping. Our team of experts was able to articulate the claims of the invention quite broadly so as to provide ReelTime VR with the strongest and broadest protections available to them.”
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