Gaming giant Ubisoft is testing in-game NFTs through a new platform
December 7, 2021, 3:32PM EST
1 min read
Ubisoft has become the first major gaming firm to step into the world of non-fungible tokens (NFTs), with an announcement that hints at expanding a broader blockchain-based metaverse.
As per a Tuesday release, Ubisoft has launched the beta version of a new platform called Ubisoft Quartz, which allows users to acquire NFTs of items that can be used in-game, such as a weapon, clothing or vehicle. Ubisoft Quartz is calling these NFTs “Digits,” and has opted to base them on the Tezos blockchain.
The first Digits tested on Ubisoft Quartz will be compatible with the computer game Tom Clancy’s Ghost Recon Breakpoint. Starting on December 9, players who have reached level five in the game can claim Digits of a gun, helmet and pair of tactical pants.
“Ubisoft Quartz is the first building block in our ambitious vision for developing a true metaverse,” said Nicolas Pouard, VP of Ubisoft’s Strategic Innovation Lab, in a statement. “And it can’t come to life without overcoming blockchain’s early-form limitations for gaming, including scalability and energy consumption.”
Pouard also described Ubisoft’s five-year vision of blockchain gaming to include play-to-earn models in a December 3 company post.
However, not all gaming platforms have embraced NFTs. Valve, the company behind the popular video game distribution platform Steam, banned NFTs in October.
Today the always-on demands of online markets have to be matched with the ability to access opportunities instantly and with no limits. Historically correspondent banks would move large sums of money for those needing to transfer funds while creating bottlenecks of unnecessary friction.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.