Playstation mulls NFT and blockchain technology

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Updated November 15, 2022 | Published November 15, 2022

2 mins read

A patent filed by Sony Interactive Entertainment suggests the video gaming brand is considering its options with digital technology.

Playstation is reportedly exploring the possibility of using blockchain technology.

A recent patent published by Sony Interactive Entertainment revealed the company’s plans to develop NFTs and implement blockchain technology on its platform.

Although the patent was only brought to the public’s attention this month, the patent ‘Tracking Unique In-Game Digital Assets Using Tokens on a Distributed Ledger’ was filed last year.

The patent shows Sony’s interest in seeking ways its users can acquire NFTs that can be bought, traded and used in their gaming experience.

Such assets would be tracked by the company using blockchain technology with the overarching aim of expanding the “functionality of digital assets associated with video games”.

“The techniques and technologies described herein expand the capabilities of digital assets associated with video games, and of systems that create and manage such digital assets, by converting the digital assets associated with video games from being fungible to being non-fungible”, the patent reads.

Aside from the digital collectable program PlayStation Stars, Sony has not yet delved into integrating digital assets into its games.

The Stars program features an option whereby users can win digital trophies but do not have the option to trade or sell such items. These digital rewards were seen by several fans as very similar to the concept of NFTs.

Noting that PlayStation did not incorporate blockchain technology at the time, Sony was quick to distance the digital trophies from NFTs, with a company spokesperson clarifying the program was “not leveraging any blockchain technologies and definitely not NFTs”.

Looking for your next crypto casino? Check out: Bitcasino, Gamb.co or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
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