Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

Sony PlayStation plans to examine the potential benefits and drawbacks of an NFT cross-platform system for gaming where players shall create, own, and trade digital collectibles and NFTs.PlayStation, one of the world's leading gaming console companies, has recently filed a patent that suggests the company is exploring the possibility of implementing an NFT (non-fungible token) cross-platform system for its games. The patent was filed in 2019 by Sony but was published by the US Patent and Trademark Office on March 16, 2023. Let’s explore what this patent entails and what it could mean for the future of gaming.The patent, titled "System and method for implementing a non-fungible token cross-platform system for games," outlines a system. A system that would allow players to trade in-game items across different gaming platforms using NFTs. The system would use a blockchain ledger to verify the ownership of digital collectibles. Moreover, ensure that the items being traded are genuine and not duplicated.

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