Sony introduces cross-system NFT trading for PlayStation users! –

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Sony Interactive Entertainment recently released a patent that reveals the company has explored 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 Game Platforms”. It was originally filed last year and released 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 transparent method of exchanging digital assets between gaming platforms.

The patent filing also mentions support for selling NFTs to other gamers. This support goes 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 showing Sony’s plans to lease NFTs to gamers and viewers.

In some applications, an NFT may represent artwork or an in-game item, such as a character, weapon, or other in-game item. However, with the current limitations of existing systems, users are not able to use these assets on different games and platforms.

Other plans for Playstation Web3

Like other big tech companies, many of these apps are defensive in nature. To clarify, these apps are closely monitored to prevent rivals from copying their ideas. It also helps companies keep their future innovation options as broad and royalty-free as possible. Nevertheless, 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 gamers to trade digital assets across different platforms and games securely. It also offers 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 research and development related to games, files nearly a thousand patent applications each 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’s clear that the company is actively looking for innovative ways to improve the gaming experience for its users.


All investment/financial opinions expressed by are not recommendations.

This article is educational material.

As always, do your own research before making any type of investment.

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