Ubisoft is Determined to Launch Games Based on Blockchain

Over the course of time, crypto-blockchain technology has found its way into the gaming sector. However, it is not coming to the gaming sector through crypto-blockchain platforms, but the game developers themselves.

This is because the crypto-blockchain sector has gained tremendous adoption and different sectors have been looking forward to adopting the technology. Because blockchain technology offers decentralization and can handle huge data flow, gaming sectors are moving towards the technology.

One of the major names from the game development industry is Ubisoft that has decided to do the same. Ubisoft is prominently known as the largest video game developing company in the entire world.  Ubisoft is prominently known for developing some of the largest and popular games such as For Honor, Far Cry, and Assassin’s Creed.

It was at the beginning of the running week when Ubisoft held its earnings call for the second quarter of 2021. In the earnings call, Ubisoft not only provide information in regards to its earnings for the particular quarter but also talked about blockchain.

Ubisoft talked about blockchain networking and the technology it has to offer throughout the earnings calls. This is a clear demonstration of how interested the game developing giant is in blockchain gaming technology.

In the earnings report, Ubisoft reported that it has recorded a surge in its active players count compared to the year 2020. According to Ubisoft’s data, it has recorded over a 15% surge in its active players count in the first half of 2021 when compared to the first half of 2020.

Ubisoft officials also revealed that Assassin’s Creed Valhalla has turned out to be the 2nd most profitable game that they have recorded in the history of their games.

Yves Guillemot, the CEO at Ubisoft revealed how much interested they are in blockchain technology. They have been closely monitoring the blockchain technology and have been coming up with ways of integrating and operating games through blockchains.

They are very interested in blockchain technology and what it has to offer to the gaming communities as well as the gaming sector.

Guillemot revealed that for now, they are monitoring the capabilities and reliability of blockchain technology. However, he hinted that the company is more than interested in investing in the blockchain gaming industry.

He stated that they are confident that very soon, they will be investing in the particular sector. They will also be acquiring companies that are from the blockchain industry promoting blockchain gaming.

Although Ubisoft hasn’t interacted with the blockchain-gaming sector directly, it has made investments in funding rounds held by other blockchain gaming platforms. Some of the funding rounds they have participated in, include Animoca Brands, and some others.