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Sony Seeks Patent for Super-Fungible Gaming TokensSony's latest patent application shows how PlayStation could use blockchain gaming tech to let players own their unique assets. A recently published patent application from tech Giant Sony, the maker of PlayStation, detailed the concept of “super-fungible tokens” for games, which would be stored on a distributed ledger (DLT) and transferable from player to player. Many gamers have had experiences where they get really into a video game, spend a bunch of money on in-game skins or battle passes, and eventually get tired of the game. When this happens in traditional “Web2” games, players are forced to accept the money spent on in-game assets as a sunk cost, and move on. You typically can't sell those assets. But blockchain gaming changes all of that, and the recent patent application—filed in 2022 but just published to the public last week—from Sony ( NYSE:SONY ) about super-fungible tokens hints that the tech giant might want to get in on the shift. The patent application outlines a process of tracking a set of gaming assets associated with a player on an “electronic device” and generating metadata based on those assets. The metadata would then be used to create a super-fungible token—essentially a bundle of various NFTs—where the token is created by the storage of said metadata on a distributed ledger (DL) that is “associated with the gaming application.” The application implies that Sony ( NYSE:SONY ) is considering allowing NFTs in its games. While the patent does include the term “Distributed Ledger Technology,” (DLT) aka a blockchain, it does not specify whether or not it would be a private or public ledger. Sony ( NYSE:SONY ) does specify that the distributed ledger in question would be “associated with the gaming application,” which suggests that Sony may plan to launch its own chain for such an endeavor. However, whether or not Sony launches NFTs on a public blockchain like Ethereum or Solana, or on a private chain of its own making, NFT adoption from such a big player in the gaming industry would be a huge leap forward for blockchain enthusiasts. In practice, super-fungible tokens are essentially a bundle of unique in-game assets—such as skins, weapons, vehicles, etc. that are tokenized as NFTs—that can be used within video games. If Sony ( NYSE:SONY ) were to pursue using this patent, it would mean that one of the largest gaming companies in the world is potentially interested in allowing players to own their own in-game assets. At the end of the day, it’s up to Sony how much financialization it allows. If Sony ( NYSE:SONY ) chooses to pursue this framework on a private chain that it controls, then the gaming giant could impose all sorts of restrictions—but there’s no indication yet that Sony actually plans to roll out this functionality any time soon, if ever.
NYSE:SONYLong
by DEXWireNews
MaviaMavia looks bullish again. perfect time to enter again for easy gains. Taking profits from +80% About Heroes of Mavia Heroes of Mavia is a mobile free-to-play Web3 MMO Strategy game developed by Skrice Studios. The game takes place in a fantasy-themed island called Mavia, where players build bases on plots of land and battle neighboring bases and armies to earn in-game resources, such as Gold, Oil and Ruby. Players must strategically place defensive buildings on their base such as walls, turrets and traps, in order to defend against opportunistic attackers looking to steal resources. Resources can also be stolen from rival bases through attacking opponents with land troops, vehicle and air units. Ruby is earned through battling enemy armies, and can be used to upgrade Land, Statue and Hero NFTs.
Long
by Achilly
6
MCHC - My crypto heroesMCHC - My crypto heroes Looks bullish on 4hr. Breakout might happen anytime now. it's lowcap (4mil) gaming token, I'm slowly stacking this one for long term, not planning to sell anything before 2025 except we get huge price boost. What Is MCH Coin(MCHC)? MCH Coin is a governance token ofblockchain game, "My Crypto Heroes(MCH)". MCH has a large community in Japan and global, and has the track record of world's No.1 blockchain game in 2018 in dappradar. MCH is the governance token that is used for: Decide the in-game rule. Elect for the next producer. Payment in OpenSea for MCH NFTs.
Long
by Achilly
BIGTIMEBigtime might gives us some nice gains soon. Personally I'm already slowly buying this but still there should be a retest. Starting to slowly unload it after 170% up. Market cap $200 Mill About Big Time Big Time is a multiplayer action RPG for PC that melds a fast-combat system with an open game economy where players have an active role in generating and exchanging game items. Their approach is to make Web3 elements invisible to players, so they don't represent an obstacle to entertainment and cater to a broader audience.
Long
by Achilly
Immutable Gaming as the Future of fun/ Intergame TransactionsAnother Gaming asset that is going to perform very well over the next bull run, like I always say, "Watch out for teams that grind during the bear market, be wary of teams only functioning during bull runs." Support Zone: $1.3058 Resistance / Support Zone: $2.0677 Target 1: $3.094 Resistance 2: $3.3619 Target 2: $3.1856 Target 3: $5.4026 What Is Immutable (IMX)? Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security. To achieve that, Immutable is built with STARK zk-rollups, a technology that Vitalik Buterin considers Ethereum to be “all-in on.” Helios_Capital_Investment Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike. Who Are the Founders of Immutable?
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by Helios_Capital_Investment
1
GAMEE #GMEE Bull Flag. Could 3X.I have previously highlighted Gamee, and it's been a winner! It provided and opportunity after a pullback previously before launching. Will it do it again :) I am pretty confident this can surpass 10 cents Like we have seen in other #Alt coins timing can be difficult. With coins like #Axie and #Metis appearing to dormant only to explode in a couple of candles. Anyway I see a bull Flag potential and believe buys within this zone could be a nice gift.
Long
by BallaJi
2
UPDATE: Naspers target to R1,591 on the way - WARNINGWe'll get into what happened to Naspers in a bit, or just scroll down... But I need to mention something, that not many people know. About two years ago, I stopped trading Naspers. It was so rigged and manipulated between many factors and alogrithms. 1. First with TenCent, then with Prosus. Then with prop funds who just make money with the incremental moves throwing in 1s and manipulating the market on only technicals. Well, we sent out a short potential analysis as we expected the price to drop. A Strong M Pattern formed. Broke down. Next few days gapped up and almost reached the stop loss. Today the price dropped over 17%. And now it looks like there's further downside to come. But don't take my word for it because Naspers is probably one of the most difficult markets to probability predict. Let's get into the basics of the fundamentals that took place today: WHAT HAPPENED TO NASPERS AND PROSUS? #1: Naspers and Prosus, the global internet and media companies, experienced a significant plunge in their share prices on Friday due to new Chinese tech regulations impacting Tencent. #2: Beijing unveiled measures aimed at curbing spending in online games, affecting major players in the tech sector, including Tencent. #3: The share prices of Naspers and Prosus fell sharply by 17% and 14%. #4: The decline was triggered by concerns over the potential impact of the regulatory changes on Tencent and other companies operating in the sector.
JSE:NPNShort
by Timonrosso
Altura (ALU) long, big move comingAltura, gaming infrastructure coin. Altura is a low cap - high risk, but establish token with a lot of partnership. I have big confidence in Altura. Trading idea I would wait for a 1 hour close above the neckline (If you wait for 4 hour close, I think the opportunity is gone). After confirmed break of the neckline I think we will see a "quite fast" 18% ride to target. The target match up with a old weekly close as well as the aspected target based if the head and shoulder pattern play out (distance from the bottom to neckline).
Long
by TaTaTaCrypto
#TVK/BTC 1D (Binance) Falling wedge breakout & retestVirtua looks ready for a recovery after regaining 50MA support, targeting 200MA resistance. ⚡️⚡️ #TVK/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 7.5% Current Price: 0.00000076 Entry Targets: 1) 0.00000075 Take-Profit Targets: 1) 0.00000105 Stop Targets: 1) 0.00000065 Published By: @Zblaba TSX:TVK BINANCE:TVKBTC #Virtua #NFT #VrAr virtua.com Risk/Reward= 1:3.0 Expected Profit= +40.0% Possible Loss= -13.3% Estimated Gaintime= 3-7 weeks
TLong
by TradingOn
GOG - Guild Of GuardiansGOG - Guild Of Guardians is a Blockchain mobile RPG with 150k+ players on the waitlist. Published by Immutable, and developed by Stepico. www.guildofguardians.com PARTNERS & BACKERS : APEX CAPITAL COINBASE UBISOFT IMMUTABLE SANDBOX etc. icohigh.net www.ubisoft.com ////////// Guild of Guardians is one of the most anticipated blockchain games of 2022 and is built on ImmutableX, the first layer two solution built on Ethereum that focuses on NFTs. Aiming to provide more access, it will function as a free-to-play mobile role-playing game, modeling P2E mechanics. Like blockchain-based games like Axie Infinity, Guild of Guardians game assets can be traded. The project appears to be of interest to many players and investors, with its NFT founder sale and token launch generating nearly $10 million in volume. Launched in October 2021, Guild of Guardians (GOG) tokens are ERC-20 tokens called "gems" in the game. These are the gems that power key features of the game, such as hitting NFTs in-game and interacting with the marketplace, and can be earned while playing. Like blockchain-based games like Axie Infinity, Guild of Guardians game assets can be traded. The project appears to be of interest to many players and investors, with its NFT founder sale and token launch generating nearly $10 million in volume. Launched in October 2021, Guild of Guardians (GOG) tokens are ERC-20 tokens called "gems" in the game. These are the gems that power key features of the game, such as hitting NFTs in-game and interacting with the marketplace, and can be earned while playing. Over the past month, the Guild of Guardians token has seen a fairly stable performance after hitting its all-time high of $2.81 after its launch. Although the token is down more than 50% from its all-time high, at the time of this writing, some community members are looking forward to the possibility of staking and liquidity pools, which are features that tend to help stabilize token prices. ////////// DYOR
Long
by yankfr
6