Ubisoft invests in crypto startup and offers game plans to win

[ad_1]

Key Takeaways Gaming company Ubisoft discussed its cryptocurrency plans during a earnings call that took place this week. The company has invested in blockchain startup Animoca Brands; he also plans to create game features to win. Ubisoft previously served as a node operator on public blockchains and created its own NFT series. Share this article

French game developer Ubisoft discussed its plans for the cryptocurrency during an earnings call that took place this week.

Ubisoft has invested in Animoca

During the call, Ubisoft CEO Yves Guillemot said his company has invested in Animoca Brands, a company better known in the crypto community for operating the Ethereum The Sandbox game.

Guillemot also acknowledged one of Animoca’s racing projects titled REVV Motosport, which includes several games that use the REVV cryptocurrency as rewards to be won in the game.

On October 20, Animoca announced that it had raised $ 65 million from Ubisoft and other investors, bringing its valuation to $ 2.2 billion.

Ubisoft’s Entrepreneur’s Lab page lists other companies it has supported in the past, including app cloud service Aleph.im and game company Horizon Blockchain Games.

Playing to win is under consideration

In addition to investing in startups, Ubisoft itself could also use cryptocurrency for in-game transactions. Ubisoft CFO Frederick Duguet has suggested that play-to-win cryptocurrency rewards could be used in Ubisoft’s own games.

Duguet said blockchain technology will allow users to “earn content [and] own content. He added that the company “is starting to have a good know-how on how it can impact the industry” through its past partnerships with smaller blockchain companies, and said that Ubisoft “wants to be one of the key players here “.

Ubisoft has already taken advantage of the blockchain by launching collectible NFTs for properties like Rabbids and One Shot League. It has also served as a node operator for blockchains such as Tezos and Ultra. However, it has not used crypto transactions to monetize its mainstream games to a significant degree.

The news comes just after Steam announced a ban on games featuring cryptocurrencies and NFTs, and after Epic Games claimed it was open to the technology.

Disclaimer: At the time of writing, this author had less than $ 100 worth of Bitcoin, Ethereum, and altcoins.

Share this article

Information on or accessible through this website is obtained from independent sources which we believe to be accurate and reliable, but Decentral Media, Inc. makes no representations or warranties as to the timeliness, completeness, or accuracy of any information on or accessible through this website. . Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. Information on this website is subject to change without notice. Some or all of the information on this website may become out of date, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any information that is out of date, incomplete or inaccurate.

You should never make an investment decision on any ICO, IEO or other investment based on the information contained on this website, and you should never interpret or otherwise rely on any of the information. of this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are looking for investment advice on an ICO, IEO, or other investment. We do not accept any compensation in any form for analysis or reporting on any ICO, IEO, cryptocurrency, currency, token sales, securities or commodities.

See full terms and conditions.

Five crypto games to play to win to watch

The rise of NFT-powered blockchain games has transformed the gaming industry, making gamers the primary financial beneficiaries and decision-makers in the ecosystem. The game to win seems ready to be …

Gaming giant Ubisoft partners with Ethereum Sorare-based NFT platform

Ubisoft’s strategic innovation lab, Sorare and the Belgian Pro League are building an innovative fantasy football league. The new blockchain-based experience will allow players to select a team of five each …

GameStop NFT plans continue with flurry of job vacancies

Retail game store GameStop posted eight new job postings related to the development of NFT, as seen on its Careers page. GameStop posts eight jobs GameStop posted similar jobs and …

[ad_2]