Sony Files Patent for Time-Restricted Ownership of NFTs

Sony Interactive Entertainment Inc., the company every gamer knows and loves for their long history in the industry, has recently filed a new patent related to blockchain technology. This time, the Japanese gaming giant aims to introduce the capability to rent in-game NFTs through its flagship PlayStation consoles. The patent, which goes by the name "Time-Restricted Ownership of NFTs," outlines a comprehensive system that allows both players and stream spectators to rent in-game NFTs.

This functionality can be accessed via the PlayStation ecosystem. The process involves showcasing a limited-time offer for a particular NFT on the console's user interface, along with the ownership terms for the gamers. The pricing model is different for players and spectators. For instance, to encourage players to explore a specific game, they could be charged a lower fee. The following was included as part of the patent's abstract description:

This disclosure relates generally to computer ecosystems including aspects of consumer electronics (CE) device networks such as but not limited to computer game networks. A system herein may include server and client components which may be connected over a network such that data may be exchanged between the client and server components. A non-fungible token (NFT) representing a computer game asset can be purchased for a limited time by a gamer or a spectator and in some cases extended up to a maximum period, after which time the NFT is placed back on the market.

The likes of Sony, Microsoft, Nintendo, Square Enix, and other iconic gaming industry companies have showed their intent towards web3 gaming, whether directly or indirectly. However, the future is clear and this isn't the first time Sony has tried to sense the pulse of players on NFTs and in-game asset ownership using blockchain technology. The company previously surveyed Evolution Championship Series players directly, asking members to select which “NFT/digital collectible” would they be more inclined to purchase if Sony decided to release any.

What do you think of this news? When do you realistically see Sony coming out with this announcement officially?

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