Sony Files for NFT Patent for Cross-Platform Video Game Transfer

Sony Interactive Entertainment, a gaming console firm has submitted a patent application that would enable non-fungible tokens (NFT) to be transferred between various games and systems.

The application, submitted in September 2021 in the United States and released this week, explains Sony’s plans to provide a standardized digital infrastructure that would enable players to own and transfer digital NFT assets across various video game platforms.

Sony emphasized that the patent would make it possible for users of Sony products, including the company’s top-selling PlayStation, to enjoy interoperable Web3 gameplay. Additionally, Players would be able to move in-game items between virtual reality (VR) headsets, tablets, laptops, and mobile phones.

The document also describes a feature that stops players from completing the same tasks repeatedly in order to earn the same NFTs from various products or games.

Interestingly, this is not the first time, the gaming corporation is exploring opportunities in the blockchain industry. Last year, Sony invested $1 billion in Epic Games, to accelerate the firm’s vision of entering the Metaverse.

Similarly, Sony has also teamed up with the English football club, Manchester City in the construction of a virtual replica of the Etihad Stadium, which will serve as the team’s Metaverse hub.

The Popularity of NFTs Among Gaming Firms

The use of NFTs by gamers as a means of acquiring and exchanging exclusive in-game products has grown in popularity. There are already several gaming companies incorporating NFTs into their platforms and games, and more may do the same in the future.

The platform can be advantageous to both gamers and game creators. It gives users more ownership and control over their in-game items and gives them the option to sell or trade them outside of the game.

On the other hand, it can provide game developers with a new revenue stream and incentivize players to spend more time and money on the game.

Despite the above benefits, there are also concerns about the environmental impact and potential for fraud in the NFT market. Notably, NFT Influencer “NFT God” on Twitter recently suffered a significant hack that destroyed all of his digital assets.