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Sony Interactive Entertainment Makes NFT Patent Move to Enter Web3

Sony Interactive Entertainment, the entertainment and gaming console giant, is making its foray into the world of Web3 by filing a patent for a system that would enable the transfer of non-fungible tokens (NFTs) between different games and consoles.

This move is in line with Sony’s recent efforts to expand its presence in the blockchain and cryptocurrency space.

The patent would allow NFTs to be transferred without losing their unique ownership and authenticity, potentially opening up new opportunities for gamers and collectors alike.

Meanwhile, the crypto market saw mixed movement in the last session.

The Bitcoin-Dollar pair rose by 1.2%, but according to the Williams indicator, the market is overbought.

The Ethereum-Dollar pair, on the other hand, saw explosive growth of 3.6% with a positive signal from the RSI indicator.

The Ripple-Dollar pair experienced a massive surge of 27.2%, with the Stochastic indicator giving a positive signal, aligning with the overall technical analysis.

The Litecoin-Dollar pair also jumped by 5.4%, with the CCI indicator matching the overall technical analysis.

In other news, decentralized exchange Camelot crossed $100M in total value locked (TVL), indicating strong demand for decentralized finance (DeFi) platforms.

Additionally, the U.S.

Supreme Court is set to hear its first crypto-related case, which could have far-reaching implications for the industry.

However, Bitcoin lost momentum and remained around $28,000 as investors appeared cautious ahead of the U.S.

central bank’s upcoming interest rate decision.

Meanwhile, crypto exchange OKCoin suspended the trading of two citycoins, MiamiCoin and NYCCoin, citing limited liquidity as the reason for the decision.

The exchange plans to resume trading once liquidity improves.

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