Ubisoft, the developer of numerous video game franchises such as Assassin’s Creed and Far Cry, has become a node validator on the XPLA blockchain.
In addition to its gaming verticals, the French gaming behemoth has long experimented with Web3, blockchain, and cryptocurrency services. Using its Strategic Innovation Lab, Ubisoft has established a foundation for potential XPLA network contributions beyond its primary validation responsibilities.
Ubisoft will “actively participate in governance proposal decisions” in accordance with the partnership, per a press release from XPLA.
To facilitate the transition from Web2 to Web3 gaming, XPLA is an open-source, Tendermint-based, layer-1 blockchain. The primary objective of its August 2022 launch was to empower participants in a “play to own” gaming paradigm.
The Walking Dead: All-Stars and Summoners War: Chronicles are two of the most mainstream intellectual properties associated with games on the XPLA blockchain.
As per a blog post by XPLA, the network’s most recent partnership signifies expansion:
“The addition of Ubisoft, a global gaming company, to the XPLA family is just the beginning! We eagerly anticipate more validators joining our ecosystem, enhancing the security and stability of our network.”
About Ubisoft
Ubisoft, headquartered in Rennes, France, is one of the world’s largest gaming corporations. Its games have garnered an extensive collection of accolades and have sold an estimated 800 million copies.
As of the time of publication, its market capitalization stands at $2.75 billion, positioning it as the second largest entity in Europe, with CD Projekt Red of Poland ahead of it in value at $2.99 billion.
This organization was among the initial gaming companies to invest in Web3 and blockchain technology. It released a manifesto in 2021 that detailed its intentions for the blockchain and Web3 domains, placing significant importance on player ownership and agency.
Ubisoft is also a significant investor in Animoca Brands, a developer of blockchain-based video games based in Hong Kong.
Blockchain-based gaming gains further traction as the Web3 environment becomes more populated. Although the sector has yet to fully realize its initial potential of decentralizing gaming assets on a large scale and transforming public perception of nonfungible tokens (NFTs), the consistent participation of major gaming companies like Ubisoft and Square-Enix is encouraging.
