Ubisoft is now a validator on the XPLA blockchain.
Ubisoft, makers of several popular game franchises including Assassin's Creed and Far Cry, has joined the XPLA blockchain as a cross-validator.
The French gamer has long worked in web3, blockchain and cryptocurrency services alongside his gaming positions. This latest move by the Strategic Innovation Lab sets the stage for Ubisoft to contribute to the XPLA network beyond core certification obligations.
According to a press release from XPLA, Ubiisoft will “actively participate in the management proposal decisions” as part of the partnership.
Blockchain
XPLA is an auction-based layer-1, open-source blockchain designed to accelerate the transition from Web2 to Web3 gaming. The Main Network launched in August 2022 with the stated primary goal of engaging players with a “play to play” style of gaming.
Some of the most popular IPs with games on the XPLA blockchain include “The Walking Dead: All-Stars” and “Summoners War: Chronicles.”
In a blog post by XPLA, the latest partnership is a sign of growth for the network:
“The addition of Ubisoft, a global gaming company, to the XPLA family is just the beginning! We look forward to more authenticators joining our ecosystem, enhancing network security and stability.”
Game
Based in Rennes, France, Ubisoft is one of the world's largest game companies. His games have won countless awards and have sold a total of around 800 million titles. At the time of this writing, with a capitalization of $2.75 billion, it is the second largest in Europe behind Poland's CD Projekt Red ($2.99 billion).
The company was among the first gaming companies to invest in Web 3 and blockchain technology. In the year In 2021, it published a manifesto emphasizing player agency and ownership in the blockchain and web3 spaces.
Cointelegraph reported in October 2021 that Ubisoft is also a major investor in Hong Kong-based blockchain games developer Animoka Brands.
The blockchain game continues to grow in popularity as the Web 3 space begins to fill. While it hasn't lived up to its early promise of fairer distribution of gaming assets and changing the role of NFTs in public perception, the entry of major gaming outfits like Ubisoft and Square-Enix bodes well for the sector.
Related: Square Enix Will Shift Organizational Structure to Support Blockchain, Web3, AI by 2024
