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

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 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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