Ubisoft joins XPLA blockchain to validate digital asset ownership

  • Ubisoft, renowned for hit games like Assassin’s Creed and Far Cry, joins XPLA as a node validator, contributing to blockchain transaction verification.
  • XPLA, built on Tendermint, aims to transition gaming to Web3, granting players ownership of in-game assets through its “play to own” model.
  • Ubisoft’s move reflects its ongoing exploration of Web3 and blockchain, aligning with its manifesto emphasis on player agency and asset ownership in gaming.

OUR TAKE
Ubisoft’s XPLA blockchain entry boosts gaming empowerment. With blockchain gaming on the rise in Web3, major players like Ubisoft and Square-Enix hint at a promising future for the sector. Their involvement heralds a future where blockchain technology enhances player experiences by providing verifiable ownership of in-game assets, fostering a more engaging and immersive gaming environment. Furthermore, it catalyses innovation within the gaming industry, paving the way for novel game mechanics, monetisation strategies, and player-driven economies that empower gamers and developers alike.

–Sylvia Shen, BTW Reporter

Ubisoft, renowned for its successful gaming franchises such as Assassin’s Creed and Far Cry, has become a node validator on the XPLA blockchain.

Ubisoft enters XPLA blockchain

A node validator, in blockchain, is a participant responsible for verifying and validating transactions on the network.

The French gaming giant has been exploring Web3, blockchain, and cryptocurrency services for some time. This recent move by Ubisoft sets the stage for the company to contribute to the XPLA network.

XPLA expressed excitement through its post: “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.”

Also read: Greek stock exchange to deploy EBB tech on Sui blockchain

XPLA: Web3 transition

XPLA is a blockchain protocol built on Tendermint, which is a consensus mechanism and software development kit (SDK) for creating blockchain applications. Operating as a layer-1 blockchain, XPLA serves as the foundational layer for decentralised gaming infrastructure.

Launched in August 2022, XPLA is open-source platform, meaning its code is publicly accessible and can be modified by developers.

Its primary goal is to transition gaming from Web2 to Web3, where players have greater ownership and control over in-game assets. This is achieved through a “play to own” gaming model, empowering players by granting them true ownership of digital assets within the gaming ecosystem.

Also read: E3 2023 officially canceled forever, where will gamers turn now?

Ubisoft takes early lead in Web3 and blockchain

Headquartered in France, Ubisoft stands as one of the globe’s premier gaming corporations. Its market capitalisation, reaching $2.75 billion presently, ranks it second in Europe, trailing solely behind Poland’s CD Projekt Red.

As an early adopter, Ubisoft has actively invested in Web3 and blockchain technology. It outlined its goals for the blockchain and Web3 areas in a manifesto issued back in 2021, with a strong focus on player agency and ownership.

Sylvia-Shen

Sylvia Shen

Sylvia Shen, a news reporter at BTW media dedicated in Fintech and Blockchain. She graduated from University of California, Davis. Send tips to s.shen@btw.media.

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