Cypher
BlockchainCrypto AdoptionCrypto GamingCryptocurrencyCryptocurrency RegulationMetaverseNewsNFTWeb3

Sony Files Patent To Allow NFT Transfer Across Multiple Game Platforms

Sony Interactive Entertainment, the behemoth of the video game industry that oversees the PlayStation brand, has submitted a patent application for a system that permits gamers to use and transfer NFTs on various gaming platforms.

Sony To Improve NFT Usage In The Gaming Space

Over the years, Sony has demonstrated a keen interest in cryptocurrency through various collaborations and trademark registrations. The latest addition to this list is Sony’s submission of a patent application for NFT transfer across multiple gaming platforms.

Sony’s NFT framework seeks to seamlessly integrate NFTs into gameplay, where the technology can represent skins and other highly sought-after in-game features. In addition, the abstract stated that the ownership of the NFT could be transferred to other end-user entities, enabling them to utilize it across diverse platforms and gaming simulations.

Cypher

After implementation, users of PlayStation 5 will encounter NFTs in popular gaming titles. This is a good development for the PlayStation Network, which has a global user base of 112 million as of last December and is still steadily growing.

Therefore, this development could introduce a massive audience to the world of NFTs. While speaking during a recent interview Peter Bergstrom, a former producer at the age of Empires, shared insights regarding developing successful games.

📰 Also read:  Genesis Bankrupt to Liquidate BTC Trust Shares Worth $1 Billion

According to Bergstrom, game design is not straightforward, and no clear-cut solutions exist. He also emphasized that GameFi introduces new applications and functionalities to make Web2 games interesting.

Sony And The NFT Space 

Bergstrom believes that the technology behind a game is of little concern to gamers. Therefore, crypto entrepreneurs must utilize various elements, including NFTs, play-to-earn, artificial intelligence, blockchain, and 5G, to enhance gameplay and create a superior gaming experience.

By doing so, gamers will be more likely to purchase and play these games. Notably, Sony has been involved in the NFT, metaverse, and Web3 realm for some time now.

In May 2021, Sony Interactive Entertainment released a patent, revealing that the company had patented its eSports betting platform. This platform permits users to place wagers with digital items or cryptocurrencies like BTC, with machine learning determining the odds.

In May 2022, Theta Labs (THETA), South Korea’s blockchain network operator, declared that its new 3D NFTs were created to function with Sony’s Spatial Reality Display. The display unit features a high-speed vision sensor that monitors the movements of users’ eyes to create 3D visuals based on eye positions without the need for eye-related accessories.

📰 Also read:  What is Next for Arbitrum Layer-3 Gaming Network After XAI Token Launch?

In recent months, several significant mainstream companies have revealed their intentions to delve into digital assets and NFTs. Fidelity, an investment management behemoth, suggested its desire to explore Web3 and cryptocurrencies further by registering three new trademarks in December 2022.


Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Genesis Bankrupt to Liquidate BTC Trust Shares Worth $1 Billion

Cypher

Bradley Nelson

Bradley Nelson is a US based cryptocurrency news writer for Tokenhell, he helps readers stay up to date with the latest trends and news from the blockchain and crypto world. Bradley has been a crypto enthusiast since 2018.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content