Key Takeaways
- Sony Group has officially entered the crypto exchange market by acquiring Amber Japan.
- Amber Japan was involved in a speculated debt-to-equity deal following the FTX collapse.
The latest move comes as part of Sony’s strategy to diversify its portfolio, which already boasts a market value exceeding $100 billion. Sony has been exploring the use of non-fungible tokens (NFTs) and blockchain in gaming for the past few years.
In March 2023, Sony
filed a patent for an “NFT Framework for Transferring and Using Digital Assets Between Games Platforms”. This outlines a system for using NFTs cross-platform, including features like NFT-locked gameplay, limited-use in-game tasks, and rewarding players with NFTs.