NFTs on Sony Playstation

There will be much joy once the mainstream comes to digital collectibles via the world of NFTs, play and own, metaverse; mass adoption is on the way.

We cover news from the big gaming companies (Nintendo, Microsoft, Sony) to better understand each organization's view of NFTs, and what we think their entry to the play and own arena will mean for the mass adoption of NFT and blockchain technology, powering true digital ownership. 

TIME STAMPS
00:00:00 - Intro
00:00:28 - Gaming Companies Stance on NFTs
00:01:11 - Nintendo on NFTs
00:05:52 - Microsoft on NFTs
00:09:13 - Sony NFT Patent News 
00:11:19 - Epic Games on Web3 Gaming
00:13:07 - Gala Games 
00:16:20 - Closing Remarks

Full Show Notes: Nifty.Show/205

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Episode Transcript

S1 (00:00):
The nifty show.

S2 (00:03):
There will be much joy once the mainstream comes to
digital collectibles via the world of Nfts play and own metaverse.
Whatever it looks like, mass adoption is on the way.
Welcome to the nifty show Episode number 205. Joel here,
Riles there. And the news this week is that the

(00:25):
big players are coming on in the space.

S3 (00:28):
It's incredibly exciting stuff. Especially when. I'm not going to
speak for you, but I've been coming at this whole
adoption thing from the notion that small movers, that independent
entities and entities that were built from the bottom up
for servicing through blockchain would be the ones to bring

(00:49):
mass adoption about. But since early 2022, some of the
largest gaming companies in the world have been either issuing
statements or taking action that indicates that they are either
willing to or actively moving towards games that are blockchain integrated.

S2 (01:11):
That's true. Back in February of last year, 2022, Nintendo
indicated that they are interested in Nfts and the metaverse.
They say, quote, We feel the potential in this area,
but the article talks that the company doesn't know how
to provide joy with them yet. I mean, let's face it,
anything Nintendo, whether it's their primary property like, you know,

(01:35):
Mario and that entire world or whether it's, you know,
Pokemon brand or What's the Breath of the Wild.

S3 (01:45):
The Legend of Zelda.

S2 (01:46):
Legend of Zelda Brand. You think I would know that?
Because I remember the very first Legend of Zelda on Nintendo.
They have so much IP that were they to come
up with a way to onboard their millions and millions
of users, all of a sudden people would find themselves
with collectibles that they would own and be able to

(02:08):
trade or sell or use. Of course.

S3 (02:12):
Now the character of each of the companies that we're
going to talk about comes comes through in the content
of these articles that we're we're reviewing. So Nintendo basically
saying we're not quite sure how to benefit users through
this technology yet. They were asking a question early on
that a lot more people should have been asking rather

(02:34):
than just taking the concept of nfts and saying, Hey,
this is super exciting. Let's just start selling some trying
to identify the specific benefits that consumers could receive, especially
that from a corporate standpoint would make it worthwhile and
leave a positive mark on their reputation at the end
of it. And obviously 2022 was, I think, where the

(02:57):
cynicism around nfts in the public eye really spun up
as much as as much as it has.

S2 (03:04):
Well, and I think it's important to note that, you know,
not only do they want to avoid the cynicism that
goes with it, but there's always the revenue that, you know,
that is affected. Like if we are going to give
people ownership of in-game assets now the users are the
ones that are going to have the primary revenue on

(03:28):
the secondary market. And so keeping this walled garden where
people can buy and sell things with an in-game currency
gives the company complete control. But the the downside is
now users can get the revenue for selling things. The
upside is that the company can now take a, you know,

(03:50):
a share every time a transaction takes place beyond the
initial sale. So I think I think the pros outweigh
the cons on all sides.

S3 (04:00):
I agree. However, I think I have a prediction to
make for Nintendo specifically because they they are incredibly jealous
when it comes to control and their intellectual property. Nintendo
is is a legal company that makes video games not
a video game company that has good lawyers. That's that's
what they seem to be to me. So I anticipate that.

(04:23):
In the event that they do introduce Nfts into their
gaming ecosystem, those NFTS will only be transacted through a
closed Nintendo owned marketplace and it will be against their
intellectual property rights by by their own perspective for another
marketplace to engage in transacting those.

S2 (04:46):
I think it's important to note that that was the
last communications over a year ago that we've heard from
Nintendo about Nfts. So I would bet real world cash money,
even Bitcoin on them. Having been researching this all along
and developing some sort of initiative, they're not just going

(05:09):
to wake up one day and go, okay, let's start
developing something around Nfts. I guarantee you that they have
a team that is putting together a plan, maybe even
doing some sort of small internal testing, looking at blockchains,
trying to come up with what would this be? But
they're not. They're not just waiting for this to go bigger.
They're actively working on it, least testing something.

S3 (05:34):
It would also not surprise me if whatever they were
planning would also tie into the next generation of their hardware,
because while the switch is rapidly aging at this point,
they've indicated no plans for a true next generation machine
for a long time.

S2 (05:52):
Okay, From Nintendo to Microsoft, this article goes back to
August 25th of 2022, a number of months after Nintendo
said something X boss X box boss. Shouldn't he just
be the X boss? Phil Spencer sees potential in Nfts
for gaming. I think there could be some interesting things,

(06:14):
he says. And of course Xbox is Microsoft now.

S3 (06:18):
He he had more valuable insights that more people should
have taken note of, which was he expressed this great
caution towards the play to earn model. And in this
article he talks specifically about how that turns gamers into
laborers and the way that that relationship dynamic has existed

(06:39):
within the gaming space historically has not been a positive experience. So,
you know, a lot of the the people that carry
the play to earn the systems starting on blockchain spinning
up specifically for that purpose didn't quite understand that players
don't really want to do that. There's there's two really

(06:59):
important points about this particular story because Phil Spencer being
the head of Xbox is more than just Xbox because
Xbox also handles the Microsoft Gaming division, if I'm not mistaken,
meaning the Xbox game pass that is available on PCs.

(07:21):
So when we're talking about how Phil Spencer feels about this,
we're talking about PC, not just Xbox. And that's massive
because of the market share that PC gaming has. But
then the other thing, finding a way to turn players
into something other than just players because we've we've actually

(07:41):
received at least one suggestion from the show that perhaps
in order to best integrate gamers into a player or
an ecosystem, they need to also be providing value to
somebody else. And my thoughts on that really briefly, that
should not happen ethically without players being informed that that

(08:04):
is the kind of consequence that they are having, that
they are generating value for somebody else. And I also
believe that if gamers know that that is something that's happening,
they will not want to participate.

S2 (08:17):
Yeah. And it's. Look, the gaming community has definitely been programmed.
And I do mean programmed against Nfts. They have been
sold a narrative aggressively that many have just bought it.
They totally drank the Kool-Aid. The Kool-Aid now lives inside
of them. And so it's going to take some really

(08:39):
interesting initiatives and creativity for these companies to come along
and persuade people. So now that moves us up to
the current news, because we've covered Nintendo, we've covered Microsoft well.
The other massive player in the space, of course, is Sony.
And this story just broke this week, March 21st, 2023.

(09:02):
Sony files patent for Nfts to allow transfers between games
and consoles. So tell me what they're planning here.

S4 (09:11):
Well, this this isn't just.

S3 (09:13):
Wishy washy talk. Like, oh, we see how there could
be potential in this technology. This is Sony actually trying
to lock down for themselves the concept of moving digitally
owned assets between games and consoles, just like the title
says this is. An unprecedented move on multiple levels. First off,

(09:36):
just because a gaming company hasn't ever tried to issue
a patent like this before, to my knowledge, but also
because Sony usually aren't the ones to push technology forwards.
Usually when Sony develops a new tech. It's really rudimentary.

(09:57):
And I know that's that's kind of a broad generalization
I'm applying, but I'm applying it to over 15 years
of their hardware developments.

S2 (10:06):
Yeah. It says here the patent filed last week would
allow players of Sony products such as PlayStation, to have
an interoperable Web three gameplay experience. Gamers would be allowed
to transfer in-game assets between devices such as VR headsets, tablets,
computers and smartphones. The patent also notes in some examples

(10:26):
the NFT could be used cross generation generationally from PS4
to Ps5. They're talking about working in Nfts for achievements
for tournaments. They have rewards. Of course, this is nothing
new to us or anybody who's been paying attention in
the NFT space, you know, badges or something that, you know,
we've given ever since. We gave our first app away

(10:48):
to listeners of the Bad Crypto podcast and Nfts for
being involved in the Blockchain Heroes community. So, you know,
seeing Sony come along and actually be in development for this,
this is a big deal.

S3 (11:00):
This is a huge deal and also sounds very, very familiar.
This this was the purpose of Drako dice after all.
If nothing else, I want to claim ownership of having
been throwing this idea out there before anybody else was,
although I haven't been able to, to deliver as quickly
as perhaps some other companies are going.

S2 (11:19):
Okay, we're we're working on it. And of course, the
the other news that broke here recently is from Epic Games,
which is one of the biggest gaming studios. They don't
develop hardware, but you know, how many millions of people
play Fortnite and other games? Apparently their Epic Games studio
has close to 20 crypto games in the pipeline, and

(11:43):
it's important to note that they are doing this because
it was Steam, which is the other massive gaming platform
that said we will not be allowing blockchain based games
into our ecosystem. Of course they will back down and
they will have them. We know that's going to happen.
But they actually made a statement saying No blockchain games

(12:06):
in our ecosystem. And Epic says, Fine, we got it
over here, guys.

S3 (12:11):
I'm never going to forget that. That entire conversation happened
within the span of a single day. Steam says We're
banning all blockchain games, and within hours, Tim Sweeney is
on that shit, the CEO of Epic.

S2 (12:24):
Real Smart. You know, the the first game that Epic
launched was Blanco's block party, one that we have been
tracking since before launch. If you go way back on
the Nifty show almost two years ago, probably we interviewed
one of the the key players at mythical games that
launch Blancos. And this is now out there. I've got

(12:45):
some of the early blancos characters in the box is
still as nfts and I'm just going to hodl those.
I'm in no hurry to unbox, play with them or
sell them because I feel like at some point they're
going to attract a lot of players and those NFT
items which I own, I will be able to sell

(13:05):
for a tidy profit.

S3 (13:07):
But but this is starting to get even bigger because
out of those those 20 titles that Epic says are
in the pipeline, one of them has been developed by
gala games, whom everybody who listens to this podcast should
recognize as one of the biggest players in the blockchain
gaming space. And they they set up their own team

(13:30):
dedicated to the production of Grit, which is a Wild
West themed battle royale, which was supposed to come out
in 2022 but got delayed, is now set to come
out this year in 2023. And we are clearly moving
away from these these smaller projects, from these projects that

(13:50):
more closely resemble tech demos and into a space that
might actually produce legit competitive communities. And God, I hope
one's not driven by any sort of pay to win
or play to earn situation.

S2 (14:08):
Well, you know, been big fans of guerrilla games for
quite some time. We had Jason Brink from gala on
the show. Let's see, I got it right. Here is
episode number 50, April 23rd, 2021. So almost two years ago,
Jason was on the show and apparently we had Blancos

(14:29):
was episode number 16 Rudy coach of blockchain at Mythical. So,
you know, we've been at this stuff real early. It
looks like grit is going to be a battle royale
style game in the in the West. I'm totally down
with this because I love I love Western games. I
played Red Dead Redemption Twice all the way through. If

(14:51):
you'll remember back, Zack, when you were a kid, I played.
The crap out of LucasArts outlaws and just a fan
of this genre. So I think a battle royale variation
on this could be a lot of fun.

S3 (15:03):
I love that they're clearly tapping into the love that
the gaming community has for Red Dead Redemption two, and
they are wondering why hasn't anybody done a Wild West
battle royale? But what I love even more is that
you can't tell just by looking at this without reading
the the detailed information that they share that this has
anything to do with Nfts or Web3 or blockchain. And

(15:26):
that's that's really the way that it should be. They
are still using that language in the.

S2 (15:31):
Now when you get in here. Yes. Welcome to the
Web3 frontier. Saddle up your steed, Stride into the Web3
revolution to become the fastest gun in this epic battle royale.
Own your Wild West experience along with various in-game items
from them. Six shooters at your hips to the hat
on your dome. With an economy based on ownership and rewards,

(15:52):
gala games and team grid are bringing Web3 to the
Epic Games store for the first time. Do we have?
It says Coming soon. Is there any talk of an
actual release date?

S4 (16:03):
Not to my knowledge.

S3 (16:04):
Again, the information that I found was that they they
were anticipating launching it last year and we're now a
few months into 2023. So my guess is that they
got delayed at the back 10% of development and that's
where things are currently stuck.

S2 (16:20):
Well, there you go. Exciting times in the blockchain gaming world.
And we're going to keep bringing you the latest as
we discover it here on this side. We're going to
be playing these games. And of course, Rails definitely will
be streaming them on his twitch at Twitch.tv forward slash rails,

(16:41):
meta links to it in the show notes for this
episode and anything else you want to say about your
stream or you want to just take us home.

S3 (16:48):
I'll just take us home for now. Be sure and
keep it nifty.

S5 (16:52):
Looking into the future, what do we see? It's lined
with digital collectibles. We call them NFT games, trading cards,
digital art. And those CryptoKitties.

UU (17:06):
Joe Riles are the hosts. You'll know Droll. And I'll say,
this won't blow the lock. The load. It's already set. Go.
It's the nifty. Really kind of spiffy.

S6 (17:16):
The nifty.

S7 (17:17):
Show.