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cryptocurrency exchange leaves Amber Group
Sony recently acquired Whale finthe well-known Japanese cryptocurrency exchange previously under the leadership of Amber Group. Sony thus expands its commitment to the Web3 sector through partnerships and investments in promising startups. Let’s see all the details.
Sony to Relaunch Cryptocurrency Exchange Whalefin Acquired by Amber Group
Sony is preparing to relaunch cryptocurrency exchange Whalefin, which was acquired last year by crypto services provider Amber Group. The operation was initially reported by Wu’s Blockchain, with further details later revealed by Block.
On Monday, Whalefin announced that its parent company, Amber Japan, will be changing its name to S.BLOX. The announcement also noted that Amber Japan has been acquired by Quetta Web, a division of Sony, in August 2023.
However, financial terms of the deal were not disclosed.
Amber Japan, formerly known as De Curret, was acquired by the crypto-financial group Amber Group in 2022. Sony announced, via a press release in PR Times, that it intends to relaunch the cryptocurrency exchange soon with a new application.
Although Sony has already explored the world of Web3 through investments and partnerships, this agreement will represent the reality real entrance of the tech giant, best known for the PlayStation, in the universe of cryptocurrencies.
In the past, Sony has collaborated with Astar Network for a Web3 incubator program and filed a patent for the transfer of non-fungible tokens (NFTs) between different games and consoles.
Last year, Bloomberg reported that Hong Kong-based Amber Group was considering selling its Japanese unit due to the country’s strict regulations.
Sony patents NFTs for interoperable games and consoles
As mentioned, Sony Interactive Entertainment not long ago filed a new patent which will allow the transfer of non-fungible tokens (NFTs) between different games and consoles.
The patent aims to create an interoperable Web3 gaming experience for users of Sony products, such as the popular PlayStation console.
This system would allow players to transfer game assets between various devices, including virtual reality (VR) headsets, tablets, computers and smartphones.
The patent application also notes that NFTs could be used across multiple console generations, such as going from PS4 to PS5. The document also explores how NFTs could work for achievements and tournaments.
In some scenarios, for example, an NFT could be earned by winning an eSports tournament and then used in several computer simulations.
Sony has specified that the system will also be compatible with products outside its ecosystem, such as Xbox or cloud-based games. This feature would make the assets digital completely transferable and usable in various gaming ecosystems.
The patent also includes measures to prevent players from repeating activities to earn the same NFTs multiple times.
The system could prevent “repeated execution of the task in other computer simulations” and “refuse to provide additional NFTs for subsequent performances of the same task.”