With its Playstation console ecosystem, Sony has launched patents that enable cross-platform NFT trading and use.

  • Sony is investigating NFTs once again.
  • The gaming and console manufacturer has submitted a patent for NFTs.

Sony aims to warm things up by re-exploring the technology as the NFT industry continues to suffer from the consequences of the previous crypto winter. The entertainment firm is eager to provide a strong foundation for NFTs in its games and consoles, as seen by a recent patent application.

A Stable Foundation

Sony Interactive Entertainment filed a patent for “NFT System for Moving and Utilizing Digital Assets Across Gaming Platforms” on March 16, 2023, and it was published on March 16 of that year. In the latest file, Sony examines a framework for deploying NFTs across platforms and generations, including Microsoft and Nintendo consoles, PCs, VR and augmented reality headsets, and more.

The global leader in technology examines a wide range of application scenarios, including NFT-locked gameplay, limited-use in-game chores, and others. The company’s passion for developing a strong NFT framework that enables players to acquire or transfer ownership utilising digital assets, among other benefits, is evident in the patent application.

According to the study, the mechanisms in place are not sufficiently advanced to allow gamers to utilise their assets across various platforms and games. NFTs, on the other hand, provide players the option to utilise an asset and grant others the only right to use it, which might improve a game’s functioning.

The patent also suggests a method that uses NFTs to reward a restricted group of participants. For instance, players who complete a level first may be rewarded with a unique NFT that gives them access to exclusive in-game products or privileges.

In the most recent Sony filing, it is also mentioned that users would be able to share their in-game progress through NFTs. The game may then be resumed by new owners with the same stuff, points, and level as when the previous owner last left it.

In order to reward champions in various tournament brackets with unique NFTs or perhaps “blockchain-based cash,” the business is also interested in bringing NFTs to cross-platform esports. The patent encourages utilising those NFTs to “buy in” and participate in the tournament’s subsequent rounds, or to transfer it to another participant who wants to go on playing.

It’s important to notice that Sony doesn’t specify in its submission how it intends to put its proposals into practise. Yet it’s obvious that the business intends to use Web3.

On the other hand

  • Sony suggested tokenizing in-game digital assets, such as cosmetics, gameplay, and stats, in the prior patent
  • Sony said in its most recent patent that it plans to use NFT capabilities without relying on the authentication procedure used by blockchain networks. The entertainment firm may once again suggest employing a comparable digital asset in place of those related to cryptocurrencies. The latest filing from the corporation, however, makes a suggestion that “blockchain-based money” would be used.

Why It’s Important

Sony’s suggestion may not be implemented, but it makes important points for the sector. Despite having a bad reputation for isolated experiences, the business might reach out to other platforms using NFTs.

Moreover, Sony’s use of NFTs in its games and system might encourage positive adoption and make its games more entertaining and motivational.

Update on Sony’s most recent patent:
Sony’s patent reveals that PlayStation will use Web 3.0 technology to track the ownership of digital assets.

Learn about Coinbase’s plans for NFTs here.
Coinbase Launches Creator Hub to Simplify NFT Creation

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