THE DAILY ENCRYPT

September 25, 2022

Sony Partners With Theta Labs to Launch 3D NFTs for Its Spatial Reality Display

Sony Group Corporation has revealed it has partnered with Theta Labs in order to launch 3D non-fungible token (NFT) assets. The upcoming NFTs will be...
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Sony Group Corporation has revealed it has partnered with Theta Labs in order to launch 3D non-fungible token (NFT) assets. The upcoming NFTs will be crafted for the Sony Spatial Reality Display and are designed for three-dimensional viewing.

Sony 3D NFTs to Enhance Spatial Reality Display Features

The Japanese multinational conglomerate corporation Sony is working with Theta Labs, the creators of the Theta blockchain. The Theta project is described as a decentralized video streaming network or video delivery network with its own native crypto asset, theta network (THETA). According to Sony’s announcement sent to Bitcoin.com News, the electronics giant plans to issued ten “Tiki Guy” NFTs, and the firm is issuing two-dimensional versions as well.

The NFTs are created for the Sony Spatial Reality Display (SRD), a tablet that leverages technologies like augmented reality and 3D enhancements. Sony’s official Youtube channel published a video that showcases the SRD device and the aforementioned technologies the tablet leverages.

“Our legacies of cutting-edge visual and spatial realities combine in an incredible 3D optical experience where detailed texture, high contrast, and luminous brightness come together to create a portal to another world,” Sony’s video description explains.

Sony Exec: ‘NFTs Are a Great Way to Showcase the Potential of Sony’s SRD’

SRD plans to incorporate NFTs and metaverse concepts into the device’s offerings and Nick Colsey, Sony’s VP of business development, believes NFTs will enhance the experience. “Immersive, three-dimensional NFTs are a great way to showcase the potential of Sony’s Spatial Reality Display for metaverse enthusiasts and collectors,” Colsey said in a statement.

The Sony and Theta Labs partnership follows the Theta Hackathon that took place two weeks ago, and Bridgetower Capital launching a Theta Enterprise Validator Node. Theta network (THETA), however, has lost 86.1% in value against the U.S. dollar since April 16, 2021.

30-day stats show THETA is down 33.7% since last month. In terms of the 17 blockchains that issued NFTs, Theta network is the 14th largest in terms of sales volume. As far as all-time statistics, Theta has seen $14.74 million in NFT sales via 1,279 buyers, 1,159 sellers, and 8,165 transactions.

What do you think about Sony partnering with Theta Labs to produce 3D NFTs for the SRD tablet? Let us know what you think about this subject in the comments section below.

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