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Sony patent includes AI that predicts the price of its NFTs

Sony patent to predict the price of NFTs

That the recent NFT scene has collapsed does not mean that everything is said for this type of digital content and its operations related to cryptocurrencies and blockchain technology. The reality is that large companies set aside their land anticipating that there will be a time when the expected rise will take place and the plans in this regard begin to take shape, as is the case with Sony and PlayStation.

Video: what are NFTs and why is everyone losing their minds over them?

Sony is serious about NFTs and a patent already talks about predicting the price of its tokens

A report of puter shared details about Sony’s patent titled “Techniques to predict the value of NFTs” whose record was updated on March 23 and its first publication dates from September 2021. It is no secret to anyone that the company thinks of PlayStation and its gaming experience accompanied by NFT, although in its case a more closed and controlled system is proposed that has to do with what the video game brand represents. Taking this into account, the patent proposes a system for inexperienced users that would help them to know about the value of their token and the price it could have in the future.

Sony patent to predict the price of NFTs

Sony and PlayStation NFTs could be a reality soon

According to Sony, this NFT ecosystem would be related to its video game offer, but it recognizes that not all users know about blockchain and tokens, which is why it proposes this system that would be in charge of showing the user through a user interface the conditions and value of your NFT in the present and future.

The idea of ​​the Japanese company is that NFTs are part of the PlayStation experience and are used by players, which would have an impact on the price according to the rarity of the token or the number of times it can be used within the ecosystem. of game. In this sense, and through an AI and a machine learning system, the user can see an estimate of the highest and lowest points of his NFT in different indicators, including price, allowing him to make a decision about it.

Likewise, Sony’s NFT price prediction system could consider the behavior of the community around the tokens to establish estimates on this digital content beyond the first indicators since the company assumes that there is a possibility that a NFT can generate more attractive than another and this can change at any time due to various situations, such as a trend outside of gaming.

Stay informed, at LEVEL UP.

Video: The NFT War: Who’s for and who’s against?

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Written by Editor TLN

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