EN
We describe new approaches for constructing virtual knot invariants. The main background of this paper comes from formulating and bringing together the ideas of biquandle [KR], [FJK], the virtual quandle [Ma2], the ideas of quaternion biquandles by Roger Fenn and Andrew Bartholomew [BF], the concepts and properties of long virtual knots [Ma10], and other ideas in the interface between classical and virtual knot theory. In the present paper we present a new algebraic construction of virtual knot invariants, give various presentations of it, and study several examples. Several conjectures and unsolved problems are presented throughout the paper.