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Sony Signed A New Patent: The In-Game Tracking Of Digital Assets Via NFTs

18 November 2022 09:45, UTC

NFTs are verifiably one-of-a-kind cryptocurrencies that are swiftly gaining popularity among investors, gaming firms, and digital artists. Documents that have just recently been made public reveal that in 2021, the multinational entertainment company Sony registered for a patent for a system that makes use of blockchain technology to track digital content in video games, more precisely NFTs. On November 10, 2022, the patent was released to the general public. The patent would make it possible for fans to own one-of-a-kind esports memorabilia and in-game assets that were created by their favorite players.

Sony & Its Thirst For Becoming A Diversified Mega Technology 

Sony, a Japanese global technology conglomerate better remembered for its PlayStation video game consoles, attributes its success to the widespread popularity of gaming as well as the desire among gamers to possess one-of-a-kind transactions involving their favorite celebrities, actions, and esports invitational tournaments.

"There is no way to differentiate a single example of an in-game item that a famous player of the computer game used to win a famous tournament from any other instance of the in-game item," says Sony regarding traditional video games. 

What Does The Patent Hold? 

According to the application, Sony decided to record digital media resources, gameplay, and video clips using a distributed ledger, also known as a blockchain under the shadow of trade assistance systems like bitqtapp and others. The company also wants to provide a unique NFT for the digital item, which would have a unique identifier as well as metadata that would identify the properties of the digital asset.

Non-fungible tokens, also known as NFTs, are tokens that are cryptographically distinct from one another and are tied to digital or physical property. They serve as proof of possession for things such as artwork, music, mementos, and objects in video games.

Even though the application is simply for a patent, it demonstrates Sony's interest in entering the rapidly expanding market for NFT gaming. Axie Infinity, Alien Worlds, STEPN, as well as the Sandbox have been ranked as some of the best NFT games, which are also referred to as "Play-to-earn" games. This information comes from CoinGecko.

According to what Sony has written on its website, "Changes to the characteristics of the virtual currency, such as title, visual look, or metadata, can indeed be detected in a demand to update the history." "A new block can be constructed for the distributed ledger, and it can be appended to it in order to indicate the modifications that have been made to the chronology of the digital asset."

The Future & Beyond 

Sony, situated in Tokyo, is one of the major entertainment and media organizations in the world, and while it was not the first business to use blockchain technology, it is one of the companies that has developed plans for incorporating NFTs and blockchain-based into its games.

Sony would not be making its first push toward NFTs with this patent. During the month of May 2022, Sony and Theta Labs collaborated to release a series of 3D NFTs. On the Sony device that resembles a tablet and is called the Spatial Reality Display, one can view the limited-edition NFT collection.