NFTs News

Sony Publishes Patent To Monitor Digital Assets In Games

Global entertainment powerhouse Sony submitted a patent application in 2021 for a system that uses blockchain technology, more particularly, NFTs, to monitor digital assets in video games. On November 10, 2022, the patent became public.

Sony intends to use a distributed ledger, or blockchain, to store digital media assets, gameplay, and video clips and to include a special token for the digital item with a special identifier and metadata that would identify the properties of the digital asset, according to the application.

Even though the application is only for a patent, it demonstrates Sony’s interest in participating in the expanding NFT gaming market. The company stated:

“Changes to properties of the digital asset, such as ownership, visual appearance, or metadata, can be identified in a request to update the history. A new block can be generated for, and appended to, the distributed ledger identifying the changes to the history of the digital asset. The new block can include hashes of previous blocks.”

Sony’s pursuit of NFTs is not new, as seen by this patent. As Coincu reported, Sony Music had filed for trademarks linked to NFT and the metaverse in September.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Share
Published by
Harold

Recent Posts

Bitcoin Transactions Have Now Reached 1 Billion Milestone

Bitcoin transactions represent the movement of bitcoins from senders to receivers, digitally signed using cryptography…

57 mins ago

90% Of Stablecoin Transaction Volumes Have No Participation From Real Users

Visa's new metric finds that over 90% of stablecoin transaction volumes lack genuine user engagement.

1 hour ago

Network Contracts Liquidated: $75.9M Lost in 24 Hours, Shocking Traders!

Data from Coinglass has unveiled staggering figures of liquidated contracts, shaking both seasoned investors and…

15 hours ago

Sui Token Supply Is Controversial When Over 84% Of Staked Tokens Are Controlled By Founders

Over 84% of the staked Sui token supply is controlled by the founders, raising centralization…

1 day ago

New Coinbase Class Action Lawsuit Is Attacking Exchange With Securities Listing Charges

The Coinbase class action lawsuit, echoing a previous case against the exchange, accuses it of…

1 day ago

Bitfinex Data Breach Is Now Causing Controversy, Tether CEO Voices Rebuttal

Tether's CEO, Paolo Ardoino, highlights discrepancies in the Bitfinex data breach, revealing that only a…

1 day ago

This website uses cookies.