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Sony to patent NFT transfer for games and PlayStation

The NFT industry continues to advance by leaps and bounds and, on this occasion, Sony has decided to make inroads into this market, filing a patent for the transfer of non-fungible tokens between video game platforms and PlayStation.

As reported by the US Patent Office website, Sony Interactive Entertainment has applied for a patent for a system that would allow users of different gaming platforms to transfer NFTs easily and securely.

This new system could change the way video games handle NFTs, as each platform currently has its own way of handling tokens. With Sony's new patent, gamers could have the freedom to transfer their NFTs to different platforms, allowing for greater accessibility and exchangeability in the non-fungible token market.

In addition, this new Sony patent could encourage mass adoption of NFTs, as it would allow gamers to be able to use their digital assets across different games and platforms, which in turn would increase the demand and value of these tokens.

According to the document filed on behalf of Sony Interactive Entertainment Inc, the company is looking for ways to create, modify and transfer tokens created within a game or developed in a game system through a distributed ledger.

Here's the rundown of how the patent would work:

The digital asset is created and a distributed ledger that tracks a history of the digital asset is created and stored on all devices. A unique token for the digital asset can include a unique identifier and metadata that identifies the properties of the digital asset. Changes to the 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 the distributed ledger that identifies changes to the history of the digital asset. The new block can include hashes from previous blocks.

In a market as competitive as the NFT market, every innovation can make a difference and Sony's patent could be the beginning of a new era in the video game and digital asset industry.

However, it is still necessary to wait and see how this technology will be implemented and how it will affect the NFT market. What is certain is that the non-fungible token industry continues to evolve and offer new opportunities for investors and gamers.

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