In order to track the movements and modifications that in-game digital assets go through, Sony has applied for a patent to leverage NFT and decentralized ledger technology. The July 2021 filing, “Tracking Unique In-Game Digital Assets Using Tokens on a Distributed Ledger,” presents a system that mines a token to trace each of these in-game digital assets’ history.
Every action the player does on the item, including trades and changes to its structure, will be recorded, according to the description. The company can learn which player activities are performed more frequently on various things and their frequency.
Additionally, the patent mentions “video game digital media assets reflecting moments of gameplay of a video game, such as video clips or images,” opening the door for users to create their own NFT moments to trade. The suggested system would keep track of these as well.
These in-game video or image-based moments, which are made up of important interactions that can be categorised based on their occurrence, would be handled as media goods. The document, for instance, indicates that films of important tournaments and moments of accomplishing achievements may be sold and would be categorized using an AI-based system.
Although the patent was filed last year, the company has not disclosed its implication and implementation on a comparable system or to develop a marketplace for the above instances.
Some gamers have reacted unfavorably to the use of NFTs in gaming applications, criticizing it for a number of reasons, including the alleged energy waste and sustainability concerns. However, Sony has previously collaborated with other businesses to use NFTs.
The NFT sector saw $5.36 billion in organic trading activity in just January of this year, following a record $25 billion in sales in 2021. Since the crypto crisis began in May, these massive sums have decreased to a monthly NFT trading volume of roughly $1 billion on average. In September the volume stood at $466 million, according to data from Dune Analytics. But organizations like VISA, FIFA, Christie’s and Sony have put their faith in the technology.