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Home > News > Universal Studios Planning To Make Use of NFTs
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Universal Studios Planning To Make Use of NFTs

RishabhsBy RishabhsJanuary 31, 2023Updated:January 31, 2023
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One of Universal Studios’ most recent patent filings suggests the corporation is investigating how NFTs may be used in computer games. It’s hardly surprising that the multimedia giant would want to include NFTs, given the wealth of intellectual property it owns and the potential for huge profits if it’s managed well.
One of Universal’s greatest strengths is that it is home to several theme parks in different parts of the world, including the world-famous Florida site; in the coming, it is feasible that tourists will get even more out of their excursions to these parks. Though there have been challenges with using blockchain technology as well as non-fungible tokens, Universal may have found a method to use them effectively in the setting of its amusement parks.
NFTs
Some prospective games may include NFTs by having players do real-world tasks, as described in a recent patent filing from Universal Studios. When experiencing one of Universal’s coasters or activities, guests may get a usable NFT that can be used to obtain a special in-game item.
Curiously, the patent mentions objects that may be interpreted as traditional Harry Potter brooms, sticks, and similar objects, suggesting that Universal will work with the firms whose attractions it hosts to add extra value to the consumer through blockchain.
Despite falling NFT revenues, Universal’s patent reveals an intriguing use of the technology that addresses a number of the worries of players about blockchain. Guests to Universal Studios’ amusement parks may walk away with a slew of NFTs that are conceptually acceptable for usage in certain video games if the filed patent is any indication.
In light of the fact that Harry Potter Wonderland is located in the vicinity of Universal Studios, this might be tried out in a forthcoming HP game.
Though it’s likely that Universal may experiment with NFTs in a future video game partnership, it’s important to stress that this is not related to the much anticipated Hogwarts Legacy title. No battle passes or other live-service aspects have been mentioned, and Universal has no involvement in the game’s development. Therefore, it seems that the title will have a simple revenue system.
NFTs
There are still some game publishers working on making NFTs a reality in the gaming business. In particular, Square Enix’s CEO has lately backpedaled on NFTs, signaling that the company’s next releases would undoubtedly make use of the technology. It needs to be determined if any of these additions really improve the games in question or whether they are just another method for developers to make money off of their creations.
NFT Universal Studios Video Games
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