Ubisoft Has Invested in a Blockchain Startup And Is Developing Play-To-Earn Plans
- Teresa Bach
- October 30, 2021
- Blockchain
- 0 Comments
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.
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