TheCryptoNews.eu
News

Ubisoft Will Pursue NFT Plans Despite Blowback

Ubisoft Will Pursue NFT Plans Despite Blowback

Key Takeaways

  • Ubisoft’s Blockchain Technical Director says that the firm will continue to pursue its NFT plans despite blowback.
  • Ubisoft additionally announced a partnership with Aleph.im to offer decentralized storage for its Quartz NFT platform.
  • The firm has dedicated to the usage of energy-efficient blockchains.

Ubisoft will continue to pursue non-fungible tokens (NFTs) despite blowback, per recent statements made to Decrypt.

Ubisoft Will Care for Comely to Principles

Despite intense backlash, Ubisoft has no blueprint of leaving at the support of its NFT plans.

Ubisoft launched its NFT platform, Ubisoft Quartz, earlier this month and began to offer tokens for its Ghost Recon franchise. Now Didier Genevois, Ubisoft’s Blockchain Technical Director, says the firm mute plans to work with NFTs despite backlash.

Genevois said that the firm has listened to “both the encouragement and the troubles” of those that despatched feedback. He additionally identified because the adoption of NFTs “a foremost replace that may carry time.”

He added that the firm will “care for appropriate to…three suggestions”—particularly, the guilty expend of technology, the dedication to a stable atmosphere for users, and the uncommon expend of energy-efficient blockchains.

No longer most effective will Ubisoft continue with its plans, the firm will additionally accomplice with the blockchain startup Aleph.im to offer decentralized storage for NFTs on the Ubisoft Quartz platform. That partnership modified into once announced in a press birth on Dec. 21.

Ubisoft Faces Low NFT Sales, Backlash

Ubisoft’s Quartz announcement seen huge backlash, as a trailer for the platform bought 95% dislikes after it modified into once posted on YouTube on Dec. 8.

The energy designate of crypto mining seems the motive in the support of the criticism, with the French replace union Solidaires Informatique calling the idea “a ineffective, costly, ecologically mortifying technology.”

That complaint overlooks the true fact that Ubisoft has chosen to make expend of Tezos, an energy-efficient blockchain that does no longer count on mining the least bit. In fact, Tezos Foundation representatives claim that the chain’s remaining 50 million transactions mature “less energy than appropriate 17 people.”

On the other hand, Ubisoft’s NFT plans seem to be underwhelming. On Sunday, Liz Edwards, a member of EA’s Apex Legends team, highlighted the true fact that Ubisoft’s NFTs beget sold appropriate 15 non-fungible tokens to this level, amounting to a mere $400 in transaction quantity.

Ubisoft is additionally facing employee resignations attributable to unrelated reasons comparable to low pay and misconduct—though some speculate that the PR complications around NFTs beget played a segment.

Disclosure: At the time of writing, the creator of this portion owned BTC, ETH, and other cryptocurrencies.

The notion on or accessed thru this web characteristic is obtained from self reliant sources we judge to be appropriate and decent, but Decentral Media, Inc. makes no illustration or warranty as to the timeliness, completeness, or accuracy of any data on or accessed thru this web characteristic. Decentral Media, Inc. is never any longer an investment guide. We enact no longer give customized investment advice or other monetary advice. The notion on this web characteristic is field to replace with out witness. Some or all of the data on this web characteristic can also merely become older-current, or it will also very properly be or develop to be incomplete or improper. We’re going to come up with the option to also merely, but are no longer obligated to, update any old-current, incomplete, or improper data.

Possibilities are you’ll also merely mute by no formulation invent an investment choice on an ICO, IEO, or other investment per the data on this web characteristic, and you can too merely mute by no formulation elaborate or otherwise count on any of the data on this web characteristic as investment advice. We strongly counsel that you just search the advice of a certified investment guide or other qualified monetary expert if you are looking for investment advice on an ICO, IEO, or other investment. We enact no longer earn compensation in any make for examining or reporting on any ICO, IEO, cryptocurrency, forex, tokenized sales, securities, or commodities.

Seek for fat phrases and prerequisites.

Ubisoft Launches In-Game Ghost Recon NFTs on Tezos


Files


French gaming extensive Ubisoft has announced its first series of in-sport NFTs, as seen in a tweet from the firm at the present time. Ubisoft Launches In-Game NFTs Introducing Ubisoft Quartz 💎We’re bringing…

The suitable technique to Revenue From Market Volatility The usage of Linear and Inverse Contract…

Perpetual contracts are agreements between traders and sellers with no specific expiry date, unlike other styles of identical contracts comparable to alternatives or futures. It is a long way for the purchaser and…

Ubisoft Invests In Crypto Startup, Has Play-to-Build Plans


Files


French sport developer Ubisoft discussed its plans for cryptocurrency in an earnings call that took characteristic this week. Ubisoft Has Invested in Animoca At some level of the choice, Ubisoft CEO Yves Guillemot…

Gaming Huge Ubisoft Companions With Ethereum-basically basically based fully NFT Platform Sorare

Ubisoft’s Strategic Innovation Lab, Sorare, and the Belgian Pro League are constructing an modern tale soccer league. The unique blockchain-pushed ride will allow avid gamers to make a substitute a five-person team every…

Read Extra

Related posts

Constancy Applies to Launch Bitcoin ETF Amid Accelerating Institutional Query for BTC

CryptoDesk

USDC Provider Circle to head Public in $4.5B SPAC Deal

The Crypto News

Framework Ventures Declares $400M Web3 Fund

The Crypto News

Leave a Comment

Or Login with

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More