Sony Interactive Entertainment has recently joined the cryptocurrency bandwagon after registering its patent last Thursday, May 13. The said patent will be focused on its esports betting platform, which will let the users use bitcoin and other cryptocurrencies.
Moreover, it was in 2019 when the Japanese console maker first filed the patent, but it was only in May of this year when it was published.
Since players have been fond of various live-streamed esports events, Sony saw the opportunity as the right time to enjoy real-time crypto betting during game viewing.
Sony’s New Patent Focuses on the Use of Cryptocurrency When Betting Games
(Photo : Evan Thwaites (@EWThwaites) from Twitter)
Sony’s new patent is focused on cryptocurrency as a viable digital currency in esports betting.
According to Talkesport, Sony has been preparing for its appearance on the esports scene through its newly-introduced patent. The Japanese multinational conglomerate has shown extreme interest in the industry of electronic games after it completed the acquisition of EVO (Evolution Championship Series) in March 2021.
Furthermore, the recent patent tells that Sony is clearly on the continuous track of adapting to the esports industry, and there’s no assurance if it will let go of its pursuit.
When watching games, users will be toured to a standard UI (User Interface), which will appear right in front of them. Later, there will be a feature that will pop up showing how they could bet in the game.
“Wagers may be pecuniary, e.g., money or bitcoin, or maybe non-pecuniary, e.g. game assets, digital rights, and virtual currency,” the Sony patent reads.
Read Also: Sony Lawsuit: PlayStation Game Exclusivity Lets Consumers Pay 75-175% More for Digital Games than the Physical Versions
This means that when betting, you can either choose a real currency, an asset in the game, any kinds of cryptocurrencies like bitcoin and dogecoin, and more means of payment to bet for your rooted team in esports.
It’s seemingly exciting to know that even the in-game items will be counted as a betting medium so there will be no discrimination regardless of your desired currency.
According to Tweaktown’s report on Tuesday, May 18, the patent will permit live stream viewers of the esports events such as fighting game tourneys to place money based on the matches’ results while tracking the real-time sequence of the game.
Cryptocurrency-Focused Sony Patent is Not Only Limited to Sony Consoles
Instead of depending only on Sony consoles alone, the newly-registered patent applies to other gaming consoles as well. The crypto-powered bettings on the esports platform say that the patent covers Sony PlayStation and its related consoles.
Besides that, the patent is also linked to the Nintendo or Microsoft consoles, as well as those makers who manufacture portable TVs, including internet-connected and smart home televisions, computers, smartphones, laptops, and tablets.
Other than that, the augmented reality (AR) and virtual reality (VR) headsets are also included under the machines mentioned in Sony’s patent.
Recently, Sony submitted a patent that lets the user maneuver a “banana” controller. To date, the latest patent involves a technology which adjusts the game’s latency according to a player’s skill.
Related Article: Sony is Patenting Something That Will Help Gamers IMPROVE Their Skills: Is This Your Way Into PRO Gaming?
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Written by Joseph Henry
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