One of the world’s largest gaming companies has largely entered the non-fungible token (NFT) space with the announcement of Ubisoft Quartz. Ubisoft’s announcement that it will use the Tezos Blockchain caused a massive spike in the price of the network’s altcoin project XTZ. cryptocoin.com We share the details as…
Ubisoft will use Tezos Blockchain: Altcoin price gains momentum
On December 7, gaming giant Ubisoft announced a new platform to bring NFTs to its in-game elements. Starting this week, Ubisoft Quartz will allow players to obtain “Digits”. These are the first NFTs made available in high-end games. Tezos’ native token, XTZ, rose nearly 40 percent from $4 to $5.55 on news that it had been selected by gaming giant Ubisoft. XTZ has risen 8.2 percent in the last 14 days and 142.6% in the last year.
According to the announcement, “Digits” will work on energy-efficient technology. Ubisoft chose the Tezos network because it uses proof-of-stake consensus, which is more efficient than mining. The first part of Digits will be released in limited numbers with a fixed number of unique in-game items. Although they can be purchased with cryptocurrencies, they are currently only available in the USA, Canada, Spain, France, Germany, Italy, Belgium, Australia and Brazil. Turkey is not on the list yet. Nicolas Pouard, Vice President of Ubisoft’s Strategic Innovation Lab, said:
Ubisoft Quartz is the first building block of our ambitious vision of developing a true metaverse. It cannot come to life without overcoming some of Blockchain’s limitations for gaming, including scalability and energy consumption.
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