Tech

the company is enthusiastic about the ‘play-to-earn’

Blockchain-based video games would allow players to earn cryptocurrencies while playing.

Ubisoft bets on the blockchain and NFTs: the company is enthusiastic about the 'play-to-earn'

The NFT and the blockchain has come to the video game industry and aims to be the future in many ways. Not lacking in controversy, the system and its possibilities has already caused many reactions from large companies, such as Steam and Epic Games, publicly positioning themselves on both sides of the coin.

Ubisoft for its part, it has been shown excited With this technology and the possibilities it presents, and in its public financial report, which IGN has echoed, both Ubisoft and investors have welcomed a future for video games that goes through blockchain technology and bet on the ‘play-to-earn’.

Ubisoft bets on the blockchain and NFTs: the company is enthusiastic about the 'play-to-earn'

For those of you who do not know them, these games based on blockchain technology will give the player the opportunity to get any game item in the form of a non-fungible token (NFT), these would have a real economic value and the players could use the playing time to generate money through the selling NFT or loot in the form of cryptocurrencies.

Players can get in-game items in the form of a non-fungible tokenThe French company is currently financing the blockchain games of Animoca Brands, among which are the Revv Motorsport and Revv Racing games, which use the “REVV” ​​token, giving players the opportunity to get digital assets through NFTs collected in the game.

Ubisoft is also a founding member of the Blockchain Game Alliance. Yves Guillemot, CEO of Ubisoft, has also confessed that they seek to invest in “blockchain companies”, while Frédérick Duguet, CFO of the company, pointed out that these technologies could reach Ubisoft games as part of their monetization system. Although Ubisoft has presented some good figures in their report, they have not ceased to be clouded by the growing wave of accusations regarding the lack of solutions from the company following the allegations of harassment.

More about: NFT, Cryptocurrencies and Ubisoft.

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TAMMY SEWELL

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: Tammy@oicanadian.com Phone: +1 513-209-1700

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