PlayStation Patents a New Way to Trade In-Game Items Using NFTs

PlayStation Patents a New Way to Trade In-Game Items Using NFTs

Play-To-Earn Games News, P2E Games News | 26 Apr 2024 18:19 UTC

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.

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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.

NFT Creation and Trade in PS Games

The patent also suggests that players would be able to create their own NFTs to represent in-game items, such as weapons, armor, or even entire characters. These NFTs could then be traded or sold to other players, creating a new marketplace for in-game items. ‘Current systems are technologically inadequate for the owner to use the asset across different games and platforms,’ the patent says. ‘Accordingly, as further recognized herein, the functionality of the game may be enhanced by enabling gamers and/or spectators to exclusively use the asset and possibly transfer its rights to others via NFT.’

There have been numerous high-profile “thefts” of NFT databases since the medium first began to gain prominence. These events caused the loss of “millions” of “dollars”. Yet at the same time, Sony’s patent, along with Square Enix announcing a game based on NFTs and the blockchain, proves that the companies are still exploring this domain. How it turns out is something we can only see what sort of result this system has in the future.

A New Framework for NFT Trading for Sony PlayStation Players

With the recent explosion of interest in non-fungible tokens (NFTs), it's no surprise that businesses and individuals alike are looking to capitalize on this emerging market. But with so many different platforms, marketplaces, and use cases for NFTs, it is difficult to navigate the legal landscape. Moreover, to ensure that your transactions are under protection by patents.

That's why a recent patent filing from a major tech company Sony PlayStation is making waves in the NFT community. The patent outlines a framework for trading NFTs on a decentralized network, and could potentially pave the way for more secure and streamlined NFT transactions in the future. One of the most interesting aspects of the patent is its focus on interoperability. The system follows a compatibility design with a wide variety of NFT standards. It allows users to trade tokens across different blockchains and networks. This could potentially open up new avenues for NFT trading. Moreover, it will allow for more seamless integration with existing platforms and marketplaces.

Sony PlayStation Patents a New Way to Trade In-Game Items Using NFTs, digital collectibles
PlayStation Patents a New Way to Trade In-Game Items Using NFTs

Sony PlayStation May Face Some Potential Challenges in NFTs

The patent filed by PlayStation suggests that the company is exploring the possibility of implementing an NFT cross-platform system for its games. While there are potential benefits to such a system, including the ability to trade in-game items across different platforms and the elimination of fraud, there are also potential drawbacks, including the creation of a pay-to-win scenario and the potential for a black market for in-game items. It remains unclear whether PlayStation will move forward with the implementation of such a system. But it is clear that NFTs are becoming an increasingly popular way to trade digital assets, including in-game items.

Some critics have raised concerns about the potential for monopolies or consolidation of power in the NFT market. Particularly if a single company or entity gains too much control over the decentralized network. Others have questioned whether patents are the right way to approach the rapidly-evolving landscape of NFTs. And whether they could stifle innovation or limit the ability of smaller players to enter the market.

Regardless of these concerns, it's clear that NFTs or digital collectibles are here to stay. And that patents will continue to play a significant role in shaping the future of the market. Whether you're a seasoned collector or just getting started with digital collectibles, it's important to stay informed. Especially, about the latest developments and trends in the industry. Moreover, to keep an eye on patents like this one that could have a major impact on the way we buy, sell, and trade digital assets.

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Mighty Action Heroes - NFT Battle Royale - Game Review

Mighty Action Heroes - NFT Battle Royale - Game Review

Get ready for fast-paced, high-energy action with Mighty Action Heroes. This third-person, real-time multiplayer Battle Royale game puts an emphasis on fun, skill, and mayhem. As you fight to be the last hero standing, you'll need to rely on your quick reflexes, strategic thinking, and powerful NFT abilities. With a variety of characters and weapons to choose from, you'll have plenty of options for taking down your opponents. So why wait? Gather your team and join the battle today with Mighty Action Heroes! If you miss the excitement of collecting and playing with action hero figurines from your favorite cartoons, then Mighty Action Heroes is the game for you. This immersive fantasy realm allows you to bring your toys to life and experience the thrill of Dungeons & Dragons-style gameplay. The game pays tribute to the beloved action hero franchises of the past, including those from the 80s, 90s, 00s, and 10s. So whether you're a fan of classic characters or more modern ones, you'll find something to enjoy in Mighty Action Heroes. Join the battle today and relive the memories of those special Saturday mornings spent playing with your favorite action heroes. Mighty Action Heroes Gameplay: The game offers a bit of something for everyone whether you're a fan of pop culture, battle royale, a collector of action figures, an avid gamer, or just a user of Web3.0! You can earn rewards in the game for your talent and arena mastery! The game is completely developed from community responses. Additionally, Mighty Action Heroes, a collection* of larger-than-life NFTs based on well-known action heroes from Hollywood, Bollywood, Hong Kong cinema, and other films, will be used for the first time ever in a third-person video game. Most importantly, you won't have to connect any wallets or make any financial commitments in order to begin collecting Mighty Action Heroes on launch day. Each NFT will be a distinct, non-fungible token with distinctive qualities, including visual and non-visual traits. All Heroes will eventually be compatible with all supported games and social networks in the future.

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Iron Pigeons - Game Review

Iron Pigeons - Game Review

Game developers Ex Populus have partnered with world boxing champion Mike Tyson to release 10,000 unique Iron Pigeons NFTs featuring a pigeon design in iron. The Iron Pigeons, developed by Ex Populus in collaboration with Mike Tyson, will be featured in a card game based on the Solana blockchain technology. Each Iron Pigeon NFT will have a unique combination of traits that determine its rarity and value in the game's economy. These traits include 12 backgrounds, 9 beaks, 37 bodies, 66 costumes, 4 details, and 20 eyes. The rarity of a card will affect its value in the marketplace and its power in the card game. All cards will also be integrated into the ever-expanding Iron Pigeon metaverse. The Iron Pigeon cards will be randomly generated using an algorithm that incorporates a set of traits and designs created by award-winning artists. Each card will include a high-resolution image of the game design and a trading card, linked through a web link. Like traditional card games, players will be able to trade and battle with their Iron Pigeon character cards. The strength of each Iron Pigeon card will be determined based on its various traits and features. These cards will be featured in the XPTCG, a card game being developed by Ex Populus that is expected to become a major player in the Web3 universe.

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Zeal  - Game Review

Zeal - Game Review

Zeal is a third-person action role-playing game that is currently in the development phase and has not yet been given a launch date. It is also built on the blockchain technology. As the game is still in development and testing, not much information has been released about it. However, it is known that the game will be competitive and have a high-quality, AAA feel, which sets it apart from other cryptocurrency games currently available. Here’s what we know about Zeal so far: Zeal is a third-person action role-playing game that focuses on character customization and competitive gameplay. Players can expect an immersive online gaming experience with dynamic gameplay. Fast-moving and competitive: In Zeal, third-person player versus player gameplay is fast-paced, requiring quick decision-making and strategy. Even small choices can impact the outcome of an encounter, making it crucial for players to stay on their toes and think on their feet. Fully customizable builds and classes: One of the unique features of Zeal is that it does not have a limited set of pre-defined characters. Instead, the game allows players to create their own identity through customizable base classes, offering a wide range of possibilities for players to explore and differentiate themselves from the community. In addition to customizing their appearance, players can also choose their abilities, manage their stats, and select their preferred master abilities, giving them a high level of control over their in-game character and playstyle. This level of customization not only makes the game more enjoyable, but also helps to make it stand out in the crowded field of action role-playing games.

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Etherorcs - NFT Game Review

Etherorcs - NFT Game Review

Etherorcs is a blockchain game where Orcs are mythical gruesome monsters that are bloodthirsty and always willing to engage in battles. Etherorcs is a 100% on-chain game that involves Orcs as NFTs pitched against each other in PvP fights or in raids of dungeons. The game uses Ethereum and Polygon networks. Moreover, it has three game modes including pillaging, raiding, and dungeons. The players can form alliances with other players to create bands that can raid other parties, travel on voyages to pillage lands for the in-game tokens, or go on an expedition in the dungeons to look for valuable gems and assets. So, the more you go on raids and pillages the stronger your NFT Orc becomes which allows the players to participate in bigger loot expeditions and higher rewards. Players have the option to carry out Pillaging in three locations depending on the level of the Orc character. The locations are: the town with level 1+; the dungeon with level 3+; and the cavern at level 10+. The Tokenomics: The tokenomics of Etherorcs is based on two tokens – ZUG and BONESHARD. ZUG tokens help you enter a raid and the raids will in turn win BONESHARD tokens that are tradeable in the marketplace. Moreover, the game also includes other creatures as characters like wizards, mages, shamans, dark elves, etc. While the dungeon is a massively multiplayer realm where players need ZUG tokens to enter the crawler expedition. Similarly, players need their NFT characters to enter and play. The characters have various attributes like stealth, strength, defense, and attack power. The combination of these attributes will determine who wins the fight. ZUG tokens are the basic in-game currency that you are earned by making the orcs work on farms. And they are needed to mint new Orc NFTs. On the other hand, you can earn BONESHARD tokens by completing tasks. In addition, the tokens also provide an opportunity to create races of the alliance. Finally, the game offers an immensely immersive ecosystem experience.

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Degens and Dragons - Game Review

Degens and Dragons - Game Review

Degens & Dragons is a web3 play-to-earn RPG, an NFT-locked on-chain game. It's a competitive battle tournament where players battle foes, loot, upgrade, and vie for Sui prizes in a week-long challenge. Enter the realm of Degens & Dragons, an NFT venture that requires skill over timing in its enticing pixelated world reminiscent of nostalgic spaces. This haven celebrates the adventurous side of blockchain enthusiasts, unapologetically displayed in all its glory. Prepare for an intense tournament, where degens battle fiercely for a share of the grand prize pool, showcasing their wits, cunning, and audacity. In this domain, rules can be bent (not really, but it sounds cooler that way), with the sole focus being on outsmarting rivals to secure dominance. Developed by Orange Comet Labs on the innovative Sui blockchain, Degens & Dragons introduces an elimination-style competition across five phases. Survivors not only attain glory on the leaderboard but also vie for substantial slices of the starting 10,000 SUI prize pool.

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The Nemots - NFT Game Review

The Nemots - NFT Game Review

Welcome to The Nemots, the new collectible card game from Playful Studios! Formerly known as Wildcard, "The Nemots" is the first installment in the Wildcard Alliance game series on the WEB3 platform. This high-energy battle arena game is designed for players of all skill levels and offers a unique play-to-earn gaming experience. As you collect and battle with your cards, you'll be immersed in a world of power and magic, inspired by rich lore and glorious storytelling. With "The Nemots", you'll be able to aim for glory and earn real rewards as you master the game. So why wait? Join "The Nemots" today and start building your collection of powerful cards. Who knows – with a little luck and skill, you could be the next champion of the Wildcard Alliance! Nemots Preface: Get ready to travel back in time to the 80s with Nemot Legends, the action-packed arena-style battle royale game from Playful Studios. In Nemot Legends, a strange green energy beam has caused chaos and given birth to celestials – strange NFT creatures that are a fusion of everyday objects and animals. As you collect and battle with these wildcards, you'll be able to summon powerful and mythical creatures called nemots, each with their own unique supernatural powers. But that's not all – Nemot Legends features high-quality graphics that will keep you hooked from start to finish. Whether you're a seasoned gamer or a newcomer to the scene, you'll be able to enjoy a thrilling and immersive experience in this retro-inspired world. So why wait? Join Nemot Legends today and start collecting and battling with your own collection of wildcards and nemots. It's time to become a legend! The Nemots Tournament and Gameplay: The Nemots is a decentralized, immersive, and all-inclusive NFT gaming platform that allows players to earn money while having fun. The game is being led by industry veterans with rich experience, including the development of popular titles like Orcs Must Die and Age of Empires. It is also supported by reputable blockchain technology companies like Polygon and Paradigm.

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Elpis Battle - Game Review

Elpis Battle - Game Review

Remember the days when gaming was just a pastime? Well, those days are long gone. Enter Elpis Battle, a turn-based RPG NFT game on the Binance Smart Chain network. This game is not just about having fun; it's about strategy, economics, and being part of a community. It’s the brainchild of two leading game studios from Southeast Asia, and let me tell you, they've brought something special to the table. The Allure of a Fantasy World: Imagine stepping into a world where your strategic decisions not only win battles but also earn you real rewards. That's Elpis Battle for you. It's set on a planet rich in history, with eight continents and diverse races like humans and elves. It’s like being in a fantasy novel, but you’re the hero, making choices that shape your journey. Building Your Legacy: In Elpis Battle, every move is a step towards creating your legacy. You're not just playing; you’re crafting and empowering heroes, enhancing their skills, and increasing their value. It’s like nurturing your team of champions, each with their unique story. Gameplay: A World of Strategy and Adventure: The Thrill of the Dungeon. Who doesn't love a good dungeon crawl? In Elpis Battle, dungeons are more than just battlegrounds. They’re gateways to experience, rewards, and the excitement of the unknown. You never know what you’ll find, and that’s half the fun! Raid Boss Events: Ah, the weekly Raid Boss events – they're like the Super Bowl of Elpis Battle. Every Wednesday, the community gears up for this epic showdown. It’s a test of strategy and teamwork, and the rewards are just as grand as the challenge. Tokenomics: More Than Just Play:The Power of Tokens. Elpis Battle isn’t just about gameplay; it's also about the economy. With a dual-token system, $MEG and $EBA, the game balances fun with financial strategy. It's a crash course in crypto-economics, but way more fun than any class I've ever taken! Community at the Heart: And let’s not forget the community. With a DAO governance model, this game truly belongs to its players. It’s not just about playing a game; it’s about being part of its evolution. A Story Rich in Lore and Mystery The Tale of the Ancient Planet The story of Elpis Battle is like a tapestry, woven with legends and mysteries. It’s a world that feels alive with its history of epic battles and celestial events. The lore adds depth to every quest and battle, making it more than just a game – it’s an experience. The Conjunction of the Spheres This cosmic event in the game’s lore is a turning point, an epic narrative device that reshapes the world. It’s moments like these that make Elpis Battle not just a game but a saga. Looking Ahead: The Future of Elpis Battle Elpis Battle and the Metaverse Elpis Battle is more than a game; it’s a vision of a vast, interconnected universe. It’s the first step into a larger metaverse, a glimpse into the future of gaming and digital interaction. FAQs: Unraveling Elpis Battle Diving Deeper into the Game From understanding the game's mechanics to exploring its lore, FAQs are your go-to guide. They cover everything from gameplay modes to the DAO governance model, offering insights into this complex and fascinating world. The Community’s Voice The FAQs aren't just informative; they're a reflection of the community's engagement. They show how players are not just consumers but active participants in shaping the game's universe. Conclusion: Elpis Battle - More Than a Game Elpis Battle is not just another RPG. It's a blend of strategy, storytelling, and community. It's about stepping into a world where your actions have real weight, both in the game and in the digital economy. As a gamer, it’s exciting to see how far we’ve come – from simple entertainment to complex, immersive worlds like Elpis Battle. Explore More Games And if you’re hungry for more, check out our Games Overview pages. With hundreds of games reviewed and listed, you’re sure to find your next adventure! Now, are you ready to dive into the world of Elpis Battle? Remember, it's not just about playing; it's about being part of something bigger. Happy gaming!

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Ark Rivals - Game Review

Ark Rivals - Game Review

In the realm of blockchain gaming, the spotlight is now on Ark Rivals, a groundbreaking title that marries user-generated content, NFTs, and a sci-fi action strategy gameplay style. Drawing inspiration from genre giants like Clash of Clans and Rise of Kingdoms, Ark Rivals plunges players into a futuristic galaxy where dominance hinges on strength and resource management. One standout feature is the integration of NFTs. Players can mint and trade these digital assets to represent their in-game properties, from land to the formidable airship army known as Arks. These NFTs aren't just collectibles; they're the bedrock of the Ark Rivals ecosystem. The game's currency, $ARKN tokens, is another crucial element. Earning them involves resource mining, and the key to successful gameplay is safeguarding your base from rival players to ensure a steady resource flow. However, the heart-pounding Faction Wars mode is where players put their strategies to the test. Factions vie for grand rewards, and the season's victors gain a substantial edge. What sets Ark Rivals apart is its commitment to long-term sustainability. The game's creators intend to avert the typical fate of cryptocurrency games by maintaining the value of the $ARKN coin through in-game utility. This vision promises a game that retains its appeal over time, ensuring rewards for players who reinvest in their tokens, strengthening their characters and enhancing their potential. In summary, Ark Rivals isn't just another crypto game; it's a strategic, sci-fi universe where NFTs, tokens, and Faction Wars reign supreme. As the gaming industry continues to evolve, Ark Rivals stands as a captivating and sustainable entry in the blockchain gaming landscape, catering to both traditional and crypto-savvy gamers alike.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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