Just In
- 8 hrs ago Xiaomi 14 Review: A Pro Flagship in Everything but Name!
- 9 hrs ago WhatsApp Will Offer Access to Meta AI, Allowing Users to Ask Queries Directly from the Search: Report
- 10 hrs ago iPhone 16 Pro Models Expected to use A18 Pro SoC for Enhanced On-Device AI Performance
- 11 hrs ago Top 10 Sub-20K Smartphones Worth Considering in 2024 | Vivo T3, Redmi Note 13, Realme Narzo 70 Pro, More
Don't Miss
- Movies IPL 2024 Points Table Updated After PBKS Vs RCB Match. SRK's KKR At No.4, Rajasthan Royals Top
- Sports IPL 2024, RCB vs PBKS: Award Winners, Man of The Match, Post Match Presentation, Scorecard & Records
- News Bengaluru: Fan Breaches Security During RCB Match, Touches Virat Kohli's Feet In Chinnaswamy Stadium
- Education THDC Recruitment 2024; Salary Upto Rs. 1,60,000, Check out for more details
- Automobiles Citroen Basalt Vision To Be Revealed On March 27 – Powertrain, Features & More
- Finance 1:10 Split, 1:1 Bonus Soon: Rs 2,130 Smallcap Stock In Focus, Co Makes Big Announcement Ahead Of Splitting
- Lifestyle Holi 2024: 8 Effective Tips To Remove Color Stains From Your Clothes And Restore Them Perfectly
- Travel Learn About the Types of US Visas Available for Indian Immigrants and the Visa Process
Sony Patents Blockchain NFT Tracking System Ahead Of PS VR2 Launch; How Will It Work?
Sony has applied for a patent that integrates blockchain within the trading infrastructure for in-game assets. The Japanese tech giant wants reliable technology that allows gamers to purchase in-game items, characters, and other digital assets in the form of NFTs (Non-Fungible Tokens). Let's see what Sony has envisioned for the future of trading limited editions of in-game merchandise.
Sony Patents In-Game Trading Of NFTs
Game developers have been increasingly offering virtual merchandise in their games. Gamers can purchase these digital items, which may include a special avatar, skins, weapons, and even virtual buildings and infrastructure. Sony's patent offers a reliable and trustworthy backend platform on which such items can be bought, sold, or traded.
The patent application talks about a virtual exchange system that tracks transactions involving digital assets in video games. The system relies on blockchain technology, which is already at the core of cryptocurrency trading.
"PlayStation Sony dives into #NFT gaming with the patent application" - this is what you could recently read in #web3 media all around the globe.
— Pan Paragraf 🎮 | WebSummit Lisbon (@PanParagraf) November 17, 2022
Is @PlayStation really bullish on the #blockchain #gaming or it's only a catchy headline?
Leave a ♥️ and grab my thread 🧵👇 pic.twitter.com/YsW6WhDICE
The patent mainly concerns items that are considered unique. In other words, developers can offer a limited quantity of branded items or virtual merchandise that's associated with celebrities, events, or other noteworthy aspects, explained Sony:
"In traditional video games, there is no way to differentiate a specific instance of an in-game item that a famous player of the video game used to win a famous tournament from any other instance of the in-game item."
Sony Is Interested In NFTs For Gaming Industry Only?
Sony's patent talks about a distributed ledger that will generate a record of digital media assets such as gameplay clips and video clips. These items will have a unique identifier and metadata, and all trades of such items will be tracked and recorded to confirm ownership.
"Changes to properties of the digital asset, such as ownership, visual appearance, or metadata, can be identified in a request to update the history. A new block can be generated for, and appended to, the distributed ledger identifying the changes to the history of the digital asset."
Looks like Sony recently filed a patent and plans to use NFT technology with Playstation. We need a #P2E Tekken!
— Rusty Moore (@FitBBook) November 17, 2022
That may be a long way off, so let's talk about what is happening in NFT & Crypto Gaming TODAY. A thread... pic.twitter.com/5NU2eKK7il
Basically, Sony wants to work with NFTs in mainstream games and has secured a patent that incorporates blockchain technology. It clearly indicates the company is interested in entering the NFT market but is currently focused on the gaming segment.
NFTs aren't new, and neither is Sony the first company that has shown interest in unique virtual items where buyers can confirm their ownership of a purely digital asset. However, Sony is one of the largest entertainment and media companies. The Japanese tech giant is deep into esports and gaming. The company could market digital merchandise well if it can offer proof of ownership and restrict duplication of the items.
Sony is readying the PlayStation Virtual Reality 2 (PSVR2) headset. It could develop a trading platform for in-game items for the entire PlayStation ecosystem before the PSVR2 arrives.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
49,999
-
30,700
-
8,999
-
36,999
-
38,999
-
1,17,840
-
35,000
-
23,960
-
82,510
-
16,258
-
25,999
-
26,999