Ubisoft Has Invested in a Blockchain Startup And Is Developing Play-To-Earn Plans

French game designer Ubisoft talked about its arrangements for cryptocurrency in a profit call that occurred for the current week.
Ubisoft Has Invested in Animoca
During the call, Ubisoft CEO Yves Guillemot said his firm has put resources into Animoca Brands, an organization most popular in the crypto local area for working the Ethereum game The Sandbox.
Guillemot additionally recognized one of Animoca’s dashing undertakings named REVV Motosport, which incorporates a few games that utilization the REVV cryptocurrency as play-to-acquire compensations in-game.
On Oct. 20, Animoca declared that it had raised $65 million from Ubisoft and different financial backers, carrying its valuation to $2.2 billion. Ubisoft’s Entrepreneur’s Lab page records different organizations it has recently upheld, including the dApp cloud administration Aleph.im and the game organization Horizon Blockchain Games.
Play-to-Earn Is Under Consideration
As well as putting resources into new businesses, Ubisoft itself could likewise utilize cryptocurrency for in-game exchanges. Ubisoft CFO Frédérick Duguet proposed that play-to-procure cryptocurrency prizes could be utilized in Ubisoft’s own games.
Ubisoft has recently utilized blockchain by dispatching collectible NFTs for properties like Rabbids and One-Shot League. It has likewise filled in as a hub administrator for blockchains like Tezos and Ultra. Nonetheless, it has not utilized crypto exchanges to monetize its standard games to any critical degree.
The news comes soon after Steam declared a prohibition on games including cryptocurrencies and NFTs, and after Epic Games’ declaration that it was available to the innovation
Key Points

This week, video game maker Ubisoft spoke about its cryptocurrency plans during an earnings call.
Animoca Brands, a blockchain startup that has received funding from Disney, is one of its investments. It also wants to include play-to-earn elements into the game.
Ubisoft has previously been a node on public blockchains and created its own NFT series.

Click here for more Crypto news
***

Avatar

Related Articles

- Advertisement -

Latest Articles

bitcoin
Bitcoin (BTC) $ 17,219.86
ethereum
Ethereum (ETH) $ 1,284.68
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 290.55
usd-coin
USD Coin (USDC) $ 0.999401
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.391612
dogecoin
Dogecoin (DOGE) $ 0.098207
cardano
Cardano (ADA) $ 0.315176
matic-network
Polygon (MATIC) $ 0.924904
polkadot
Polkadot (DOT) $ 5.39
staked-ether
Lido Staked Ether (STETH) $ 1,270.68
litecoin
Litecoin (LTC) $ 78.12
shiba-inu
Shiba Inu (SHIB) $ 0.000009
okb
OKB (OKB) $ 21.33
dai
Dai (DAI) $ 1.00
solana
Solana (SOL) $ 13.88
tron
TRON (TRX) $ 0.054950
uniswap
Uniswap (UNI) $ 6.18
avalanche-2
Avalanche (AVAX) $ 13.52
leo-token
LEO Token (LEO) $ 3.76
chainlink
Chainlink (LINK) $ 7.02
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 17,173.19
cosmos
Cosmos Hub (ATOM) $ 9.81
ethereum-classic
Ethereum Classic (ETC) $ 19.40
monero
Monero (XMR) $ 147.32
the-open-network
Toncoin (TON) $ 1.81
stellar
Stellar (XLM) $ 0.085518
bitcoin-cash
Bitcoin Cash (BCH) $ 111.83
quant-network
Quant (QNT) $ 124.13
crypto-com-chain
Cronos (CRO) $ 0.064185
algorand
Algorand (ALGO) $ 0.226486
filecoin
Filecoin (FIL) $ 4.43
near
NEAR Protocol (NEAR) $ 1.73
apecoin
ApeCoin (APE) $ 3.96
vechain
VeChain (VET) $ 0.019254
internet-computer
Internet Computer (ICP) $ 4.46
hedera-hashgraph
Hedera (HBAR) $ 0.048400
eos
EOS (EOS) $ 1.05
elrond-erd-2
MultiversX (Elrond) (EGLD) $ 46.00
trust-wallet-token
Trust Wallet (TWT) $ 2.63
flow
Flow (FLOW) $ 1.04
terra-luna
Terra Luna Classic (LUNC) $ 0.000172
frax
Frax (FRAX) $ 0.997997
the-sandbox
The Sandbox (SAND) $ 0.592805
axie-infinity
Axie Infinity (AXS) $ 8.11
tezos
Tezos (XTZ) $ 1.00
aave
Aave (AAVE) $ 62.82
theta-token
Theta Network (THETA) $ 0.878230
chain-2
Chain (XCN) $ 0.040427