Sony Comes Up With Patent for Multi-Platform NFT Trading for PlayStation
In a recent article, we informed you about Sony's possible involvement in the Web 3.0 space. Now, the company is revealing some details about this initiative in the form of a new patent unveiling.
A new published patent application from Sony should enable NFT trading across multiple platforms. This was not previously possible due to technical limitations, but with the advent of NFTs, new possibilities have opened up and Sony has reportedly figured out a way to trade game assets across many different supported games.
The patent filing occurred as long as last year, but information about it was only recently made public. What is now clear, is that Sony plans to create a blockchain marketplace on which users will be able to trade NFTs, and where their prices will be publicly available. In addition, this marketplace is intended to allow the leasing of game assets between players.
The patent is titled, "NFT Framework For Transferring And Using Digital Assets Between Game Platforms." It describes a system and capabilities for tracking digital assets in the context of games. These NFTs can be various in-game items, avatars or skins that players will be able to sell or use across various games that support the patent. All data will be available on a public, distributed ledger, so ownership of these NFTs will be transparent and traceable.
Sony owns many game patents related to Web 3.0
Sony has an obvious interest in blockchain technology and NFTs, as indicated by the many patents it has filed related to this technology. The reason for this interest lies in the possibilities that blockchain technology brings to the gaming industry; in particular, NFTs that enable the monetization of gaming assets.
By filing a patent of this kind, Sony believes that it will prevent competing companies from copying their ideas and, along with this, obtain a license allowing further innovation without the need for additional royalties. However, there has been no announcement from Sony as yet about the introduction of Web 3.0 elements into their games, and we are unlikely to see this any time soon. Sony registers thousands of game-related patents each year, with 170 granted to the company in the last three months alone.
But the fact remains that Sony is clearly interested in blockchain, and sooner or later, it will surely come up with an announcement regarding this fast-growing technology.
Source: nftplazas.com
analyst opinion
Zdenda Štěpka
A new published patent application from Sony should enable NFT trading across multiple platforms. This was not previously possible due to technical limitations, but with the advent of NFTs, new possibilities have opened up and Sony has reportedly figured out a way to trade game assets across many different supported games.
The patent filing occurred as long as last year, but information about it was only recently made public. What is now clear, is that Sony plans to create a blockchain marketplace on which users will be able to trade NFTs, and where their prices will be publicly available. In addition, this marketplace is intended to allow the leasing of game assets between players.
The patent is titled, "NFT Framework For Transferring And Using Digital Assets Between Game Platforms." It describes a system and capabilities for tracking digital assets in the context of games. These NFTs can be various in-game items, avatars or skins that players will be able to sell or use across various games that support the patent. All data will be available on a public, distributed ledger, so ownership of these NFTs will be transparent and traceable.
Sony owns many game patents related to Web 3.0
Sony has an obvious interest in blockchain technology and NFTs, as indicated by the many patents it has filed related to this technology. The reason for this interest lies in the possibilities that blockchain technology brings to the gaming industry; in particular, NFTs that enable the monetization of gaming assets.
By filing a patent of this kind, Sony believes that it will prevent competing companies from copying their ideas and, along with this, obtain a license allowing further innovation without the need for additional royalties. However, there has been no announcement from Sony as yet about the introduction of Web 3.0 elements into their games, and we are unlikely to see this any time soon. Sony registers thousands of game-related patents each year, with 170 granted to the company in the last three months alone.
But the fact remains that Sony is clearly interested in blockchain, and sooner or later, it will surely come up with an announcement regarding this fast-growing technology.
Source: nftplazas.com
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