• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

PlayStation Developer Sony Applies for US Patent on ‘Super-Fungible Tokens’ Aimed at Gaming

March 9, 2024
in Australian Crypto News
Reading Time: 1min read
0 0
A A
0
PlayStation Developer Sony Applies for US Patent on ‘Super-Fungible Tokens’ Aimed at Gaming
0
SHARES
4
VIEWS
ShareShareShareShareShare

Entertainment giant Sony has submitted a US patent application for “super-fungible tokens” designed for gaming.

Sony, the developer behind the popular PlayStation console series, submitted the patent application back in 2022, though the document just became public at the end of February.

The application lays out plans for an electronic device that tracks gaming assets and creates a new type of super-fungible token.

Explains the document,

“Metadata associated with the set of gaming assets is received and a super-fungible token is created, based on a storage of the metadata to a distributed ledger associated with the gaming application.

The creation of the super-fungible token corresponds to an ownership of a single gaming asset from the set of gaming assets by the player in the gaming application at a time instant.”

The super-fungible token can act as a set of non-fungible tokens (NFTs) grouped together, according to the patent application. The document doesn’t specify a specific chain that will store the metadata, though it does mention smart contract platform Ethereum (ETH) as an example.

Last year, Sony filed a patent application for an NFT framework for transferring and using digital assets between game platforms.

In 2022, Sony invested $1 billion into the video game giant Epic Games as part of its push into the gaming metaverse.

Generated Image: Midjourney

Credit: Source link

ShareTweetSendPinShare
Previous Post

Crypto Analyst Reacts to Bitcoin (BTC) Reaching New All-Time High, Breaks Down the Wider Market Rally

Next Post

Bitcoin Gained 10% This Week—These Altcoins Flew Even Higher

Next Post
Bitcoin Gained 10% This Week—These Altcoins Flew Even Higher

Bitcoin Gained 10% This Week—These Altcoins Flew Even Higher

You might also like

Bitcoin Critic Peter Schiff Predicts USDT Will Eclipse BTC

Bitcoin Critic Peter Schiff Predicts USDT Will Eclipse BTC

June 5, 2026
Here’s Where We Are In The Cycle

Here’s Where We Are In The Cycle

June 3, 2026
A 400 Billion Shiba Inu Surprise: Whale Wallet Springs Back To Life

A 400 Billion Shiba Inu Surprise: Whale Wallet Springs Back To Life

June 7, 2026
This XRP Move Has Only Happened 4 Times In History And Here’s What Happened Each Time

This XRP Move Has Only Happened 4 Times In History And Here’s What Happened Each Time

June 3, 2026
Bloomberg’s Weisenthal Lists 12 Reasons

Bloomberg’s Weisenthal Lists 12 Reasons

June 3, 2026

Bitcoin Price Crashes To $59K, Sparking Fears Of Deeper Decline

June 7, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Solana Wave 4 In Progress: Relief Bounce Or Setup For A Fresh Decline?

Solana Wave 4 In Progress: Relief Bounce Or Setup For A Fresh Decline?

June 8, 2026
Analyst Charts Ethereum Long-Term Roadmap To $16,000 – There’s No Need To Panic

Analyst Charts Ethereum Long-Term Roadmap To $16,000 – There’s No Need To Panic

June 8, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.