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Sony starts PlayStation cross-system NFT trading

Sony Interactive Entertainment wants to use non-fungible tokens (NFTs) and blockchain technology in video games, according to a patent that was recently made public. The most recent patent is called NFT System for Transferring and Using Digital Content Between Gaming Platforms. It was made public on Thursday, a year after it was first sent in.

Sony Playstation NFT Patents 

According to the summary of the Sony Playstation NFT patent, current systems don’t let owners use NFTs across different platforms and games. This is true because technology can only do so much. Sony’s new approach is designed to make it easy to move digital products between different gaming platforms.

Support for selling NFTs to other participants is also part of the patent application. This help is given through a market place with a digital ledger that shows prices to the public. But this isn’t Sony’s most crazy idea for making money with blockchain. Sony has another patent that talks about how they plan to rent NFTs to gamers and stream viewers.

In some situations, an NFT might be used instead of the artwork for a character, weapon, or other game element. But because of the limitations of the technologies we have now, users can’t use these assets across different games and platforms.

Planned Content for the Playstation Web3

‌Many of these apps are defensive, just like those made by other large IT companies. So that competitors don’t steal their ideas, these programs are very well guarded. This also helps businesses keep as many royalty-free innovation options as possible for the future. Still, this new thing shows that Sony is still interested in NFTs and blockchain technology in general.

This technology could have a big impact on the gaming industry by making it possible for players to trade digital goods between different platforms and games in a safe way. By letting people trade them, it gives game developers a way to make money off of the in-game items.

It is important to remember that the fact that this intellectual property exists does not mean that it will be used. About a thousand patent applications are sent in every year by Sony Interactive Entertainment, which is in charge of research and development for games. On the USPTO website, it says that the company has already been given more than 170 patents in the first three months of 2023.

Sony is always looking for new ways to improve its users’ gaming experience, even though it’s not clear how it will use this new technology in its next games and platforms.

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About MahKa

MahKa loves exploring the decentralized world. She writes about NFTs, the metaverse, Web3 and similar topics.

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