Bitcoin
$ 30,416.00 3.24%
Ethereum
$ 2,046.74 3.54%
Solana
$ 52.98 5.17%
Dogecoin
$ 0.086698 1.98%
ApeCoin
$ 8.03 0.51%
STEPN
$ 1.43 5.16%
Terra
$ 0.000200 66.00%

French Gaming Developer Ubisoft to start project with Ethereum Blockchain

French Gaming Developer Ubisoft to start project with Ethereum Blockchain

According to the latest report, the French video game company Ubisoft intends to move into blockchain technology. The gaming giant is all set to explore the potentials of blockchain technology in gaming.

The CEO of Ubisoft Yves Guillemot stated that in the future, blockchain technology has the potential of revolutionizing the video game industry. The team of the video game company is reportedly developing Ethereum apps in-game objects and blockchain games.

The main idea behind this development is to give the articles available in the game, a digital existence. Ubisoft will likely enable in-game or in-app purchases via the Ethereum network. It is worth noting that the company has not clearly stated that any form of digital currency will be used for any such purchases.

Midcap partners’ video game financial analyst Charles-Louis was of the opinion that when one buys a costume in Fortnite game, the installment is lost; the commodities in the game are locked while physical existence can be given to a digital element by using blockchain technology in gaming.

This advancement in the gaming industry seems to indicate that Ubisoft wants its players to own the digital property in the game. This business strategy will ultimately increase the gamers commitment and subsequently, Ubisoft will make more profit.

Ahmad Asghar

Ahmad Asghar

A first generation gamer at heart and tech buff by nature, have been involved in the tech sector for better part of a decade. With that insight and knowledge, he now covers blockchain, cryptocurrency and everything fintech so others can make sense of the industry.

Related News

Hot Stories

Ethereum wipes out $8.10B while eagerly awaiting 'The Merge'
Crypto exchanges are relisting LUNA after the crash
Shiba Inu price analysis: SHIB devalues at $0.00001150 after bearish run
Dogecoin price analysis: DOGE continues to face rejection below $0.1 mark
Shiba Inu price analysis: SHIB shows bullish potential at $0.00001196

Follow Us

Industry News

Crypto exchanges are relisting LUNA after the crash
TAG Heuer adopts crypto payment option
Nox Bitcoin, a Brazilian crypto exchange, refunds customers UST at $1
Ethereum founder confesses how he has been affected by the crypto crash
OpenSea launches Seaport NFT marketplace