HomeCrypto GamingSony Patent Shows PlayStation NFT Renting Possibilities

Sony Patent Shows PlayStation NFT Renting Possibilities

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One other NFT-related patent from Sony has appeared which provides extra gasoline to the fireplace that paid-for digital belongings might come to PlayStation

Sony is trying to lease non-fungible tokens to gamers and stream viewers in response to a brand new patent.

The patent from Sony would counsel that the corporate could also be trying to introduce NFTs into its PlayStation ecosystem throughout the PS4 and PS5. PlayStation Stars members might have gained an early take a look at what could also be coming.

This isn’t the primary time we now have seen Sony patents exploring the chances of blockchain and NFTs. Final yr, in November, one other patent got here to mild that confirmed Sony had filed a system for monitoring distinctive in-game digital belongings utilizing tokens on a distributed ledger. Whereas submitting a patent doesn’t at all times bear fruit, this newest replace breathes new life into the potential for NFTs on PlayStation.

Sony pursuing NFTs

Nonetheless, when PlayStation followers heard that NFTs might turn into a part of the PlayStation ecosystem, not everybody was happy. These issues went away when it appeared that the PlayStation Stars loyalty program launched with out NFTs however as a substitute featured a type of digital collectible. Whereas sharing similarities to the idea of NFTs, these had no financial worth and are earned via reaching milestones on the platform.

Though, the looks of such digital collectibles made some followers imagine that the idea of NFTs was not too far-off. The November patent together with this most up-to-date one confirms that, on the very least, it’s underneath severe consideration. In accordance with Gamerant, the patent means that the corporate might look to lease NFTs to customers via an interconnected system that provides customers a suggestion to lease an NFT which depicts art work or an asset from common PlayStation video games.

NFTs for lease

It seems that assorted costs for the NFTs shall be on supply to gamers and viewers of streams. As soon as the rental interval of the NFT expires will probably be returned to {the marketplace} the place others can then select to lease it or buy. Players who lease out NFTs to others may additionally have the ability to make a revenue from the transaction. This market can be accessible from the console itself.

The patent was initially filed again in July final yr, and whereas followers principally appear sceptical of the prospects of NFTs on PlayStation, Sony seems set on exploring its prospects. The PlayStation Loyalty digital collectibles might act as a simple transition for the corporate from free digital belongings earned via milestones, to paid-for NFTs. Sony is but to verify any plans for an NFT market however watch this house.

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