Sony’s 2021 patent application for a system that tracks digital assets in video games using NFTs has recently been made public.
The Japanese technology conglomerate points to the global popularity of gaming, and players who want to own unique items associated with their favorite celebrities, activities, and esports tournament winners as the reason behind the patent application.
According to Sony, 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 in traditional video games.
Known for its PlayStation gaming consoles, Sony now wants to use a distributed ledger, or blockchain, to record digital media assets, gameplay, and video clips. Sony also wants a unique token for the digital item with a unique identifier and metadata that identifies the properties of the digital asset.
While the filing is only for a patent, it shows Sony is interested in entering the growing NFT gaming field.
In May 2022, Sony partnered with Theta Labs to launch a collection of 3D NFTs. The limited-edition NFT collection is viewable on the Sony tablet-style device, Spatial Reality Display.


SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength
Instagram Outage Disrupts Thousands of U.S. Users
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 



