{"id":4596,"date":"2021-12-14T13:00:00","date_gmt":"2021-12-14T09:00:00","guid":{"rendered":"https:\/\/cryptoinsight.ae\/?p=4596"},"modified":"2021-12-14T13:00:00","modified_gmt":"2021-12-14T09:00:00","slug":"ubisoft-launches-in-game-nft-platform-on-tezos-blockchain","status":"publish","type":"post","link":"https:\/\/cryptoinsight.ae\/ar\/ubisoft-launches-in-game-nft-platform-on-tezos-blockchain\/","title":{"rendered":"Ubisoft launches in-game NFT platform on Tezos blockchain"},"content":{"rendered":"\n

Ubisoft has entered the NFT market in the first of several video game companies getting more involved in the growing space. Ubisoft Quartz is a new platform based on Tezos blockchain that will allow gamers to earn and purchase items that are tokenized as NFTs.<\/strong><\/p>\n\n\n\n

Ubisoft, a French video game developer, has announced<\/a> the launch of a beta version of a new platform for players with support for non-fungible tokens (NFTs<\/a>).<\/p>\n\n\n\n

The Quartz platform allows players to acquire Digits, the NFTs representing collectible in-game items in Tom Clancy’s Ghost Recon Breakpoint. The company says Digits will be released as part of limited editions, each composed of a \u201cfixed number of cosmetic items.\u201d<\/p>\n\n\n\n

Nicolas Pouard, VP of Ubisoft’s Strategic Innovation Lab, says Quartz is the \u201cfirst building block in our ambitious vision for developing a true metaverse.\u201d<\/p>\n\n\n\n

Quartz has been available in beta since December 9 in the USA, Canada, Spain, France, Germany, Italy, Belgium, Australia, and Brazil. The NFT platform is based on the Tezos blockchain network.<\/p>\n\n\n\n

Ubisoft Entertainment stock is up 3% in Paris, while Tezos\u2019 native token XTZ surged around 40%<\/a> over the 12 hours following the announcement.<\/p>\n\n\n\n

However, not everyone seemed to share the company’s optimism. Users complain<\/a> that the NFTs are tied to only one game and are not backward compatible with other projects. Others expressed skepticism<\/a> about energy-efficient properties even though Ubisoft emphasized that the tokens are based on Tezos, which needs significantly less energy to operate than Bitcoin or Ethereum.<\/p>\n\n\n\n

As earlier reported<\/a>, Discord decided to abandon its plans for crypto wallets integration after massive criticism from the community, which claims cryptocurrencies harm the environment. This came after Discord teased a new feature<\/a> that allowed users to link their accounts with a cryptocurrency wallet called MetaMask.<\/p>\n\n\n\n

According to a tweet published by Discord’s founder, Jason Citron, the company was also exploring linking wallets via WalletConnect, a web3 service that connects various blockchain networks. However, the Reddit thread titled \u201cDiscord developers: please do not support NFTs,\u201d which got 7,000 upvotes, pointed out that most NFTs appear to have \u201clittle value and exist only to speculate on.\u201d<\/p>\n\n\n\n

Last month, game publisher Electronic Arts (EA) told investors that collectible NFTs are \u201can important part of the future of our industry<\/a>.\u201d EA\u2019s CEO Andrew Wilson sees promise for tracking in-game collectibles and \u201cplay-to-earn\u201d schemes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ubisoft has entered the NFT market in the first of several video game companies getting more involved in the growing space. Ubisoft Quartz is a new platform based on Tezos blockchain that will allow gamers to earn and purchase items that are tokenized as NFTs. Ubisoft, a French video game developer, has announced the launch…<\/p>\n","protected":false},"author":9,"featured_media":4602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1347,1349,1561],"tags":[1684,2530,2427,2195],"class_list":["post-4596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","category-crypto-news","category-nft","tag-games","tag-quartz","tag-tezos","tag-ubisoft"],"acf":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n\t\n\t\n