The arrival of next generation of gaming consoles has opened up several channels or avenues for a number of names in the industry to produce stuff that are related to the next age of gaming. And traversing on the same lines, we now have a brand new databank that's been released by Japanese peripheral manufacturer Nyoko exclusively for Sony's PlayStation 4.

Taking the stage at CES 2015, Nyoko introduced its new Data Bank accessory. The company also took the opportunity to promise users a cheap and easy way to upgrade their PlayStation 4's storage support with just a standard 3.5-inch desktop computer hard drive. As fantastic as that may sound, it also a great option in case you are looking to push your PS4's storage beyond.

It has been a year since the next gen was made a possibility with the release of PlayStation 4, and we have to say that Nyoko has hit upon the perfect timing to enter the market with a cheap databank when most users are almost on the verge of running out of the 500GB space on their new consoles.

And Nyoko's presence in the market at this point of time with a new databank is also a brilliant way to mark its presence since the cost of upgrading can set a few folks back. Sure the PS4's stock drive can be replaced with a larger-capacity 2.5-inch hard drive (meant for laptops), but upgrading can prove costly. And more so since the 2.5-inch drives don't come cheap compared to 3.5-inch models.

In fact, even upgrading to the new databank isn't really a big ordeal. Nyoko promises to make the entire process easier for you. The databank fits in right where the PS4's hard drive cover is usually found. This lets you put in a bigger and cheaper 3.5-inch hard drive to the system, compared to the 2.5-inch ones that the system also supports. Also, according to the company, the installation process is quiet easy and involves a solitary screw process. It also has an LED that lights up each time the hard drive is used.

"The Data Bank also looks good. It fits the design scheme of the PS4, and only has one small cable running from the back. It's not exactly big enough to trip over, and should hide behind your system easily," IGN writes.

But Nyko also tells IGN that it's looking toward a "$30-$40 price range" for the peripheral. Compatible hard drives will be sold separately.