Sony patents to allow players to buy “shares” in game-related NFTs
Highlights of the story
- Sony recently patented a new NFT-related document that discusses allowing many players to buy “shares” of digital assets, including those involved in their creation.
- The patent discusses splitting NFTs into multiple purchasable assets in stocks, making the purchase easier in games due to the reduced costs.
- Each share can have an intrinsic value, along with a popularity factor, and it can be displayed as a unique image near the profile of players in games.
- The shares can be exchanged between the community; it can be exchanged, sold, bought, given as a reward and more.
Sony is the leading giant of the upcoming NFT era in the video game industry, and it has published yet another tantalizing and controversial patent that seeks to blend blockchain technology into games. According to the new legal document, players may be able to purchase “stock” in an NFT, which solves the problem of unavailability due to potentially high prices and makes it easier to take shares of a digital asset if you cannot directly buy a whole lot.
The patent called “FRACTIONAL NON-FUNGABLE TOKEN FOR GAME RELATED DIGITAL ASSETS” explores the notion of split NFTs into multiple purchasable assets which can be owned by many players. For example, if recorded game footage has been captured in the blockchain abyss to ensure it cannot be stolen, all players involved in that clip can buy shares of that NFT to own a piece of it.
The private blockchain can use a private ledger that enables tracking of the minting of NFTs and associated shares for each NFT. In this way, the NFT is not a single NFT, but shares of an original NFT. The shares defined the fractional division of the NFT, and allocated these fractions to specific users,” mentions Sony.
As stated by Sony, each share of an NFT owned by a player can retain appropriate intrinsic values to make it valuable. For example, each user who boasts a share can display a unique image next to their in-game profile while playing a multiplayer entry or if their followers or spectators are watching the user play. The picture can act as a trophy in the game world.
The share can be exchanged between a community of users of the online gaming system. The method further includes tracking the use of each of the set of shares in the NFT and applying a value indicator to each share of the online gaming system. The value indicator is an indication of the level of use for the share in the online gaming system.”
As stated explicitly in the patent, the users could possibly be those who were part of the content when it was created. For example, they can be “players in a game or spectators in a game, or may be assigned to third-party users who were not part of the content of the digital media.According to a detailed embodiment, the number of shares may be limited to the number of users participating in the creation.
Also, each share owned by multiple users can be sold, traded, and the like, which can naturally increase or decrease the value of a digital asset. The patent outlines several avenues for trading, including in-game options, social media, and more. Sony is also discussing adding a popularity score and other statistics for each unique share of an NFT, resulting in users knowing how much it has been traded, the number of likes received and the type.
The in-game shares of an NFT can also be rewarded to viewers of a live broadcast or the fan base of a content creator. The number of trades or demand can significantly increase the price of the share of an NFT, as mentioned earlier. According to the patent, NFTs can become an integral part of gaming by becoming a significant resource for creating competition in society.
This isn’t the first time Sony has published a polemical legal document related to NFTs, and it recently published a patent to predict the value of your NFTs using the power of AI. Also, it reportedly wants to implement a system to allow players to temporarily rent digital assets until the allotted time to own or use them expires.
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