Sony Applies for NFT Interoperability Patent, Introducing Features for Transferring and Using Digital Assets Between Game Platforms.

03/18/2023 06:34 • Crypto & Markets • 66 views

According to reports, the electronics giant Sony has applied for a patent for NFT interoperability or will deploy a new NFT platform. It is reported that the patent is called “NFT Framework For Transferring And Using Digital Assets Between Game Platforms”, and was submitted in September 2022, but was not disclosed until yesterday. The patent content shows that game players can use NFT on different platforms, It is also possible to use NFT assets across platforms, which means that players can transfer NFT from one game or system to another, and can also trade or sell NFT to other players. It also supports the subsequent sale of NFT to other participants through digital ledger driven markets at open prices. （psu）

Sony applies for a patent for “NFT interworking framework” that can be used on different games and platforms

Analysis based on this information:

Sony, the global electronics company, has filed a patent application for NFT interoperability with a new NFT platform that allows game players to use NFTs on different platforms. The patent application was filed in September 2022, but it was only recently disclosed. The patent is called “NFT Framework For Transferring And Using Digital Assets Between Game Platforms.”

This development is significant because it enables players to transfer NFTs between platforms, trade or sell NFTs to other players, and use NFT assets across platforms. The patent covers the subsequent sale of NFTs to other participants through digital ledger-driven markets at open prices.

This patent signals Sony’s commitment to the NFT space, which has been rapidly growing and expanding over the last several years. NFTs are a new class of digital assets that represent ownership of unique digital items such as images, videos, music, and virtual real estate, among others.

With this new NFT platform, Sony is offering a new way for game players to interact and engage with NFTs, which could potentially boost the NFT market, encourage more people to buy and sell these assets, and provide a secure, reliable way to transfer assets between platforms.

Furthermore, this move by Sony could help bridge the gap between different game platforms and enable interoperability, leading to a more seamless gaming experience. Sony’s move could signal to other gaming companies the importance of developing NFT ecosystems.

In conclusion, Sony’s patent for NFT interoperability and the new NFT platform is a significant development in the NFT space. The interoperability and transferability features make NFTs more accessible, and the patent’s secrecy prior to release may be indicative of Sony’s desire to compete with other gaming companies entering the NFT market.

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