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Sony Introduces Cross-System NFT Trading for PlayStation Users!
Sony Interactive Entertainment recently published a patent that reveals the company has been researching ways to use non-fungible tokens (NFT) and blockchain technology in video games. The latest patent is titled ‘NFT Framework For Transferring And Using Digital Assets Between Game Platforms’. It was originally filed last year and was released Thursday.
Sony Playstation NFT Patents: Explained
The Sony Playstation NFT patent abstract states that current systems do not allow owners to use NFTs across multiple games and platforms. This is due to technological limitations. The new framework proposed by Sony aims to provide a seamless method for trading digital assets between gaming platforms.
The patent file also mentions support for the sale of NFTs to other players. This support comes through a digital ledger-powered marketplace that displays prices publicly. However, this concept is not Sony’s boldest blueprint for blockchain monetization. The company has an alternative patent that outlines Sony’s plans to rent NFTs to gamers and streamers.
In some applications, an NFT may represent the artwork or an in-game resource, such as a character, weapon, or other game content. However, with the current limitations of existing systems, users are not able to use these assets across different games and platforms.
Further plans for Playstation Web3
Like other large technology companies, many of these applications are defensive. To clarify, these applications are closely guarded to prevent rivals from copying their ideas. This also helps companies keep their future innovation options as broad and royalty-free as possible. Nonetheless, this latest development confirms Sony’s continued interest in NFTs and blockchain technology in general.
This technology could significantly impact the gaming industry by enabling players to securely trade digital assets across different platforms and games. It also gives game developers the ability to monetize the game’s assets by allowing players to trade them.
It is important to note that the existence of this intellectual property does not guarantee its implementation. Sony Interactive Entertainment, the branch responsible for game-related research and development, submits close to a thousand patent applications annually. According to the USPTO database, the company has already been granted over 170 patents in the first quarter of 2023.
It remains to be seen how Sony will implement this technology in its future games and platforms, but it is clear that the company is actively seeking innovative ways to improve the gaming experience for its users.
