Japanese electronics giant Sony has applied for a patent for an NFT interoperability framework that could potentially deploy new NFT platforms.

The patent, titled “NFT framework for transferring and using digital assets between gaming platforms,” was filed in September 2022, but was not made public until yesterday.

The patent implies that gamers can use NFT across different platforms, and even transfer NFT assets between different games or systems. This means that players can sell or trade NFTs to other gamers, and the patent also supports the subsequent sale of NFTs to other participants at publicly disclosed prices through a digital ledger-driven market.

According to the patent application, the NFT framework can support the transfer of digital assets across different gaming platforms using a set of standard APIs that are agnostic to the underlying technology. This will allow gamers to seamlessly access their NFTs across different games and platforms. The patent also states that the NFT framework could support cross-platform interoperability, enabling gamers to use NFTs across multiple platforms.

The NFT Interoperability Framework has the potential to revolutionize the NFT market by creating a unified NFT ecosystem that transcends a single game or system. This could open up new revenue streams for game developers who can sell NFTs as in-game assets and allow players to trade between different games and platforms. It could also provide a new revenue stream for Sony, which may offer a new NFT platform that supports cross-platform interoperability.

The patent filing comes as the NFT market continues to gain traction, with NFT sales hitting record highs in recent months. The NFT market has also been expanding from the art world to the gaming industry, with game developers using NFTs as in-game assets. The NFT Interoperability Framework can unlock the full potential of NFTs in games by creating a seamless and interoperable NFT ecosystem.

Sony’s NFT interoperability framework patent could revolutionize the NFT market by creating a unified NFT ecosystem that transcends a single game or system. The patent application shows that gamers can use NFT across different platforms and transfer NFT assets between different games or systems.

This opens up new revenue streams for game developers and a new revenue stream for Sony. The NFT Interoperability Framework has the potential to unlock the full potential of NFTs in games by creating a seamless and interoperable NFT ecosystem.

---

Filed under: Bitcoin - @ March 18, 2023 2:55 pm