Sony

Sony, the Japanese multinational tech giant, has showcased intentions to invest further in crypto. The firm has filed a trademark application for tracking in-game digital assets using NFTs.

On November 16, reports confirmed that the multinational entertainment firm had successfully acquired approval to launch tracking in-game assets using non-fungible tokens. Sony filed its trademark application in late 2021.

Sony Entertainment Tech Firm Overview

Founded in 1946, Sony is a multinational technology conglomerate headquartered in Minato, Japan. The firm is renowned for its wide range of Electronics, including home appliances and PlayStation gaming consoles.

Sony’s play station is popularly known for allowing players to own unique items associated with their favourite celebrities, activities, and esports tournament winners. In a short statement, Sony noted:

“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 Files NFT Patent

Based on the documents submitted, Sony anticipates using blockchain technology to track its digital media assets, gameplay, and video clips. Sony plans to combine its tech with NFT and establish a unique identifier and metadata to identify its digital assets’ properties.

Non-fungible tokens are known for providing individual ownership of digital assets, including music media, memorabilia, and items in video games. This is not the first time Sony will adapt digital collectibles.

In May 2022, Sony teamed up with an incubation studio Theta Labs, to launch a collection of 3D NFTs. Sony will now join other firms in the NFT gaming field, including Axie Infinity, Alien Worlds, STEPN, and The Sandbox.

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