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Patent indicates Sony’s intention to enter the NFT market
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Sony Interactive Entertainment recently published a patent revealing that it was exploring new ways to use non-fungible token (NFT) and blockchain technology in video games.
This patent is titled “NFT Framework, Designed to Transfer and Use Digital Assets Between Domestic Platforms,” as this exploration began last year and was released last Thursday.
For those unfamiliar with NFTs, they are unique, non-fungible units of data stored on digital ledgers that users can buy or sell.
The NFT patent summary states that current platforms do not allow users to use NFT technology across multiple games. This is due to technological limitations, as Sony's new technology aims to provide a seamless way to exchange any digital content between PlayStation platforms.
Apparently, the NFT with Sony will have a slightly different concept than what's typical for this technology. The technology could be used in artwork for exclusive Sony games, as well as in costumes for existing game characters or weapons, which explains the service-oriented approach that Sony is currently pursuing.
It's currently unclear how this technology will be implemented in an orderly and useful way with PlayStation platforms. But until we see this technology in action, and from a company like Sony, I don't think it's one of the first companies to launch this technology until it's broadly stable at the time of official launch.
Previously, Sony faced backlash after announcing the PS Stars program, which some thought was a new face for NFTs, but Sony quickly denied the matter. But today the company is back to stir up controversy again by publishing a new poll asking gamers about NFTs.
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