NFT Gaming Company Files Provisional Patent Application for Innovative NFTs

As of June 21, 2023, The NFT Gaming Company, Inc. has taken a step towards revolutionizing the gaming industry by filing a provisional patent application for innovative NFTs. These NFTs are set to be utilized in all of the games on the Gaxos platform, allowing users to create unique avatars that are playable across the community. The platform is designed to connect users in an immersive environment, and will also allow them to mint an NFT of their unique avatars. The NFTs will not only serve an aesthetic purpose, but will also be attached to users’ progress on the platform, providing added utility.

Vadim Mats, the CEO of NFT Gaming Company, expressed his delight at the provisional patent application, stating that it supports the company’s intellectual property strategy of developing new technology in blockchain and gaming. The company is dedicated to building its proprietary tech portfolio, which will position it as a leader in gaming with Web 3.0.

In a similar vein, Sony Interactive Entertainment has also filed several patents related to NFTs and gaming. One of the patents aims to make NFTs transferable between different games and consoles, thereby allowing players to transfer in-game assets between devices such as virtual reality headsets, tablets, computers, and smartphones. The patent application also notes that the NFTs can be used cross-generationally, from PS4 to PS5. This patent covers the transfer, trade, and sale of digital items.

Another patent filed by Sony describes a cross-platform video game NFT system, which is yet another indication of the company’s commitment to enhancing the gaming experience for its users.

NFTG Stock Shows Volatility with High Trading Volume on June 21, 2023

On June 21, 2023, NFTG stock opened at 0.75, which is slightly higher than the previous day’s close of 0.73. Throughout the day, the stock fluctuated between 0.70 and 0.80, indicating a high level of volatility. The volume of trading was 47,974, which is significantly higher than the average volume of the past three months, which was 11,877.

NFTG Stock Underperforms with No Forecast Data Available: Factors Behind Lackluster Performance Unknown

On June 21, 2023, NFTG stock experienced a lackluster performance. Unfortunately, there is no forecast data available for this period, so it is difficult to determine what factors may have contributed to the stock’s performance.