Gaming giant Ubisoft to become corporate baker on Tezos network

Apr 20, 2021 | CoinTelegraph News | 0 comments

gaming-giant-ubisoft-to-become-corporate-baker-on-tezos-network

Popular French video game publisher Ubisoft is set to become a validator node on the Tezos ecosystem.

Ubisoft, the video game studio behind popular titles like Assassin’s Creed, Prince of Persia and the Tom Clancy series of games will become a corporate Tezos baker, or validator node.

In a statement issued on Tuesday, Ubisoft announced its partnership with Tezos-backed Nomadic labs that will see the latter creating a validator node on the Tezos network.

As a Tezos baker, Ubisoft via its Strategic Innovation Lab will join the group of validator nodes that authenticate and add transaction blocks to the network.

Bakers also distribute rewards earned from validating transactions to wallets that have delegated their staked Tezos (XTZ).

According to the announcement, the move to become a Tezos baker is part of Ubisoft’s broader plans of exploring the opportunities provided by novel technologies like blockchain. 

Following the announcement, the video game company will add to the list of 277 bakers on the Tezos network.

Commenting on the company’s decision to run a validator node on the Tezos network, Nicolas Pouard, blockchain initiative director at Ubisoft stated:

“Ubisoft believes that blockchain has the potential to bring new possibilities to players and developers alike, and this new collaboration will allow us to pursue our innovation efforts with an ecosystem that aligns with our environmental-friendly approach thanks to its proof-of-stake consensus algorithm.”

Indeed, Tezos is not the first blockchain project to attract Ubisoft’s attention in the area of transaction authentication. As previously reported by Cointelegraph, Ubisoft became a block producer on the UOS network back in January 2020.

With emerging developments at the intersection of blockchain and gaming, Ubisoft has been reportedly exploring adoption cases for novel technology in gaming to remain competitive in the industry.

News Source from CoinTelegraph.com

Related Articles

Walking on sunshine: Top crypto summer vacation destinations in 2021

Walking on sunshine: Top crypto summer vacation destinations in 2021

As vaccinations continue to be rolled out globally, more countries are starting to open up their borders to tourists. Even though the ongoing coronavirus pandemic has yet to fully recede, an increasing number of countries are beginning to open up their borders to...

What the heck are tokenized stocks? And are they securities?

What the heck are tokenized stocks? And are they securities?

Quick Take Tokenized versions of shares in publicly listed companies have become popular products on a few crypto exchanges. How do they work? And why are regulators concerned about them? This feature story is available to subscribers of The Block Daily. You can...

Pin It on Pinterest

Share This