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NFT News

Sony Reveals Patent for Tracking NFTs in Video Games

Transferring items between games and even across platforms is also mentioned in the patent application.

Written By:
Renuka Tahelyani

Last updated: November 16, 2022 7:10 AM
Published 2022-11-16
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Sony Reveals Patent for Tracking NFTs in Video Games

Multinational video game company Sony Interactive Entertainment, responsible for the PlayStation brand, has revealed patents related to NFTs and blockchain technology. The patent (applied last year) is about tracking digital assets generated within a video game.

The patent application is titled “Tracking Unique In-Game Digital Assets Using Tokens on a Distributed Ledger,” and it describes how blockchain technology would be used to track the history of a unique in-game item, including who created it, who owned it previously, and whether it was modified along the way.

The Japanese conglomerate highlights the global popularity of gaming and players who want to own one-of-a-kind items associated with their favorite celebrities, activities, and esports tournament winners.

Also Read: Sony Gets Ready to Play Crucial Role in Metaverse Revolution

“In traditional video games, there is no way to know, track, or authenticate a history of a particular instance of an in-game item. For instance, 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,” the background section of the patent notes.

The patent application also mentions transferring items between games and even across platforms.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Renuka Tahelyani - Crypto Content Writer at The Crypto Times
By Renuka Tahelyani
Renuka Tahelyani is a CA student, enthusiastic about everything Finance. She is still a wanderer in the crypto world aiming to keep up. When she is not reading a business journal she is either engrossed in a novel or planning an imaginary trip with imaginary cool people.

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