Ubisoft Joins XPLA Blockchain as Node Validator, Signaling Major Growth for Blockchain Gaming
Summary:
Ubisoft, the prominent French gaming company behind franchises like Assassin's Creed and Far Cry, has joined the XPLA blockchain network as a node validator. This move will allow Ubisoft to go beyond validation duties in the network and actively engage in governance proposal decisions. The partnership symbolizes major progression for the XPLA network, as they expect to welcome more validators to enhance network security and stability. Ubisoft, already recognized as a trailblazer of web3 and blockchain technology in the gaming industry, further signals the rise of blockchain gaming.
Ubisoft, the creator of various successful video game series like Assassin’s Creed and Far Cry, has become a node validator for the XPLA blockchain. This globally renowned gaming company from France has been venturing into web3, cryptocurrency and blockchain services, in parallel to its gaming operations. Through its Strategic Innovation Lab, Ubisoft's recent involvement with XPLA signifies their potential contribution going beyond mere validation on the network. As part of the collaboration, Ubisoft is expected to play an active role in governance proposal decisions, stated XPLA in a press release.
The XPLA blockchain, based on Tendermint, facilitates the transition from web2 to web3 gaming environments. Since its mainnet launch in August 2022, XPLA strives to empower gamers via a "Play to Own" framework. Notable games on this blockchain include, "The Walking Dead: All-Stars” and “Summoners War: Chronicles.”
According to a blog post from XPLA, partnering with Ubisoft symbolizes a significant progression for the network. They look forward to further expansion of the network with many more validators augmenting its security and stability.
With corporate headquarters in Rennes, France, Ubisoft is one of the largest gaming corporations globally. Their games, having sold nearly 800 million copies, enjoy worldwide acclaim and numerous accolades. With a market value of $2.75 billion at the time of writing, it stands as Europe's second largest, trailing behind CD Projekt Red of Poland with $2.99 billion. Ubisoft was one of the trailblazers in the gaming industry to invest in web3 and blockchain technologies. In 2021, it published a roadmap outlining its ambitions in blockchain and web3, emphasizing player control and ownership. Furthermore, Ubisoft is known for making substantial investments in Animoca Brands, a blockchain game developer based in Hong Kong.
Blockchain gaming is progressively gaining traction as the web3 arena expands. Albeit the promise of widespread decentralization of gaming assets and a radical transformation of the public perception of NFTs is yet to be fulfilled, the steady participation of major gaming firms like Ubisoft and Square-Enix is an encouraging sign for the sector. Square Enix is reportedly planning to restructure its organization in 2024 to better accommodate blockchain, web3, and AI.
Published At
3/11/2024 7:20:00 PM
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