Sony Applies for Patent for NFT Transfer Framework

    Sony Interactive Entertainment, the company behind PlayStation, has previously expressed interest in virtual currencies such as bitcoin and ethereum by entering into agreements and registering trademarks associated with these cryptocurrencies. Recently, the company applied for a patent for a non-fungible token (NFT) architecture, which could streamline the transfer and utilization of digital assets across multiple gaming platforms. The proposed invention is referred to as a “NFT framework for transferring and using digital assets between game platforms” in the patent application.

    With the implementation of this framework, the transfer and use of digital assets across different gaming platforms would be simplified, which would be beneficial for gamers and content creators. This would make the process of buying, selling, and trading in-game assets more efficient and secure.

    Sony’s interest in virtual currencies and NFTs is not surprising, given the growing popularity of these technologies. NFTs have become increasingly popular in the art world, and their use in the gaming industry is also gaining momentum. NFTs provide a way for gamers to own unique in-game assets and sell them on the secondary market.

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