Sony Interactive Entertainment has recently published a patent revealing that the company has been exploring ways to use non-fungible tokens (NFTs) and blockchain technology in video games. The latest patent is titled ‘NFT Framework for Transferring and Using Digital Assets Between Gaming Platforms’. It was initially introduced last year and published on 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 exchanging digital assets between gaming platforms.
The patent application also mentions support for selling NFTs to other players. This support comes through a marketplace powered by a digital ledger that lists prices publicly. However, this concept is not Sony’s boldest blockchain monetization plan. The company has an alternative patent that sets out Sony’s plans to rent NFTs to gamers and viewers.
In some applications, an NFT may represent artwork or an in-game resource, such as a character, weapon, or other in-game resource. However, with the current limitations of existing systems, users are unable to use these assets across different games and platforms.
More plans for Playstation Web3
Like other big tech companies, many of these apps are defensive in nature. To clarify, these apps are heavily policed to prevent rivals from copying your 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 have a significant impact on the gaming industry by allowing players to safely trade digital assets across different platforms and games. It also gives game developers the opportunity to monetize their game 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 arm responsible for game-related research and development, files nearly a thousand patent applications a year. According to the USPTO database, the company has already obtained more than 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 looking for innovative ways to improve the gaming experience for its users.
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