THELOGICALINDIAN - The French gaming behemothic discussed its blockchain affairs in an balance call
French bold developer Ubisoft discussed its affairs for cryptocurrency in an balance alarm that took abode this week.
Ubisoft Has Invested in Animoca
During the call, Ubisoft CEO Yves Guillemot said his close has invested in Animoca Brands, a aggregation best accepted in the crypto association for operating the Ethereum bold The Sandbox.
Guillemot additionally accustomed one of Animoca’s antagonism projects blue-blooded REVV Motosport, which includes several amateur that use the REVV cryptocurrency as play-to-earn rewards in-game.
On Oct. 20, Animoca appear that it had aloft $65 actor from Ubisoft and added investors, bringing its appraisal to $2.2 billion.
Ubisoft’s Entrepreneur’s Lab folio lists added companies it has ahead supported, including the dApp billow account Aleph.im and the bold aggregation Horizon Blockchain Games.
Play-to-Earn Is Under Consideration
In accession to advance in startups, Ubisoft itself could additionally use cryptocurrency for in-game transactions. Ubisoft CFO Frédérick Duguet appropriate that play-to-earn cryptocurrency rewards could be acclimated in Ubisoft’s own games.
Duguet said that blockchain technology will acquiesce users to “earn agreeable [and] own content.” He added that the aggregation is “starting to accept a acceptable ability on how it can appulse the industry” acknowledgment to its beforehand partnerships with baby blockchain companies, and said that Ubisoft “wants to be one of the key players here.”
Ubisoft has ahead leveraged blockchain by ablution collectible NFTs for backdrop such as Rabbids and One Shot League. It has additionally served as a bulge abettor for blockchains such as Tezos and Ultra. However, it has not acclimated crypto affairs to monetize its boilerplate amateur to any cogent degree.
The account comes aloof afterwards Steam announced a ban on amateur featuring cryptocurrencies and NFTs, and afterwards Epic Games’ affirmation that it was accessible to the technology.
Disclaimer: At the time of autograph this columnist captivated beneath than $100 of Bitcoin, Ethereum, and altcoins.
