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Sony to Improve Spatial Reality Display Features with 3D NFTs
Sony, a Japanese multinational conglomerate, is collaborating with Theta Labs, the Theta blockchain's inventors. Theta is a decentralized video streaming network or video distribution network that has its own native crypto currency, theta network (THETA). According to a press release supplied to Bitcoin.com News by Sony, the electronics giant wants to release ten "Tiki Guy" NFTs, as well as two-dimensional variants.
The NFTs are being developed for the Sony Spatial Reality Display (SRD), a tablet that uses augmented reality and 3D upgrades. The SRD gadget and the aforementioned technologies are demonstrated in a video posted on Sony's official Youtube channel.
According to Sony's video description, "our legacies of cutting-edge visual and spatial realities mix in an astonishing 3D optical experience where rich texture, great contrast, and dazzling brightness come together to create a portal to another planet."
'NFTs Are a Great Way to Showcase the Potential of Sony's SRD,' says a Sony executive
SRD intends to include NFTs and metaverse concepts in the device's features, while Sony's VP of business development, Nick Colsey, believes NFTs will improve the experience. In a statement, Colsey stated, "immersive, three-dimensional NFTs are a terrific way to highlight the potential of Sony's Spatial Reality Display for metaverse fans and collectors."
The collaboration between Sony and Theta Labs followed the Theta Hackathon two weeks ago and Bridgetower Capital's launch of a Theta Enterprise Validator Node. Since April 16, 2021, theta network (THETA) has lost 86.1 percent of its value versus the US dollar.
THETA has dropped 33.7 percent in the last month, according to 30-day data. Theta network is the 14th largest in terms of sales volume among the 17 blockchains that issued NFTs. In total, Theta has sold $14.74 million worth of NFTs through 1,279 buyers, 1,159 sellers, and 8,165 transactions.
