S

ony, a Japanese multinational technology corporation best known for its PlayStation gaming consoles, points to the global popularity of gaming and players seeking rare items affiliated with their favorite celebrities, activities, and esports tournament winners.

"There is no way to distinguish a specific example of an in-game item that a famous player of the video game utilized to win a renowned tournament from any other instance of the in-game item in traditional video games," Sony says.

The company intends to use a distributed ledger, or blockchain, to record digital media assets, gameplay, and video clips and include a unique token for the digital item with a unique number and metadata that would identify the digital asset's properties, according to the application. On November 10, 2022, the patent was made public.

Non-fungible tokens, or NFTs, are cryptographically distinct tokens linked to digital and physical content, proving ownership of items such as artwork, music, memorabilia, and video game items.

While the filing is only for a patent, it demonstrates Sony's interest in the expanding NFT gaming market. The top NFT games, also known as Play-to-earn games, according to CoinGecko, are Axie Infinity, Alien Worlds, STEPN, and The Sandbox.

"Changes to the digital asset's characteristics, such as ownership, visual look, or metadata, can be recognized in an invitation to update the history. A new block can be generated and appended to the public ledger identifying the changes to the digital asset's history,"  Sony writes. 

While Sony is not the first company to use blockchain technology, it is one of the largest media and entertainment firms to expand plans for incorporating NFTs and blockchain technology into its games.

This would not be Sony's first venture into NFTs. It also collaborated with Theta Labs to launch a line of 3D NFTs in May 2022. The limited-edition NFT collection is available for viewing on the Sony Spatial Reality Display tablet-style device.

What are your thoughts on Sony's patent? Will this be the future of digital asset tracking? Drop your comments by sharing this article on social media.

Posted 
Nov 16, 2022
 in 
Crypto News
 category

More from 

Crypto News

 category

View All

Join Our Newsletter and Get the Latest
Posts to Your Inbox

No spam ever. Read our Privacy Policy
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.