By Shiela Bertillo

France-based online game developer and writer Ubisoft has formally introduced its intention to develop play-to-earn non fungible token (NFT) and blockchain video games throughout the Q2 earnings name final week.

In accordance with the agency, it has been investigating blockchain video games as early as 2018. Nonetheless regardless of the current announcement, the writer’s plans stay imprecise to this present day.

Ubisoft Chief Government Officer Yves Guillemot said that he believes that blockchain is “very engaging for the long run,” and the corporate is focused on creating digital economies.

“As you see, this trade is altering usually with plenty of new revolutions occurring. We think about blockchain a kind of revolutions. It would indicate extra play-to-earn that may allow extra gamers to really earn content material, personal content material, and we expect it’s going to develop the trade quite a bit,” Guillemot said. (Learn Extra: Animoca Brands Raises $65M at $2.2B Valuation from Ubisoft, Sequoia China, Dragonfly Capital)

The chief additionally famous that the corporate has been working with small firms on the blockchain and it’s beginning to have know-how on the way it can impression the trade. 

“We wish to be one of many key gamers there,” the CEO added.

Furthermore, Ubisoft Chief Monetary Officer Frederick Duguet said that the agency goals to make use of a brand new methodology of monetization, which he refers to as play-to-earn.

“[Blockchain] will allow extra play-to-earn that may allow extra gamers to really earn content material, personal content material, and we expect it’s going to develop the trade quite a bit. We’ve been working with plenty of small firms occurring blockchain and we’re beginning to have know-how on the way it can impression the trade, and we wish to be one of many key gamers right here,” Duguet said. (Learn Extra: Axie Infinity Names Ubisoft, Binance as Initial Validator for Ronin Sidechain)

Sky Mavis, the corporate behind hit recreation Axie Infinity participated within the Ubisoft Entrepreneurs Lab in 2020.

Moreover, Duguet mentioned that the writer continues to be within the early levels of exploring the expertise, and that this after all consists of “the impression on environments”. 

However, based on its final month’s replace on Steam distribution onboarding guidelines, Valve, online game developer, PC recreation retailer and mom firm of Steam, bans all blockchain video games that characteristic NFT or cryptocurrencies on its online game digital distribution service. Whereas its rival, Epic Games said that it’s open to letting video games that use blockchain expertise and NFTs onto its PC retailer. 

This text is revealed on BitPinas: Ubisoft Plans to Develop Play-To-Earn, Blockchain And NFT Games

Author: Cryptodaddy