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Ubisoft Joins as Validator on XPLA Blockchain

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Ubisoft Joins as Validator on XPLA Blockchain

French gaming company Ubisoft, known for popular franchises like Assassin’s Creed and Far Cry, has joined the XPLA blockchain as a node validator. This move is a part of Ubisoft’s ongoing involvement in web3, blockchain, and cryptocurrency services. Through its Strategic Innovation Lab, Ubisoft plans to contribute to the XPLA network beyond validation duties by actively participating in governance proposal decisions. XPLA is an open-source blockchain created to facilitate the transition from web2 to web3 gaming and empower players in a “Play to Own” gaming model. Games such as “The Walking Dead: All-Stars” and “Summoners War: Chronicles” are some of the well-known titles on the XPLA blockchain. Ubisoft’s partnership with XPLA is seen as a significant milestone in the network’s growth, and they anticipate more validators joining in the future.

Ubisoft, headquartered in Rennes, France, is one of the world’s largest gaming companies and has an impressive track record with numerous award-winning games. With a market capitalization of $2.75 billion, it is the second largest in Europe, behind CD Projekt Red of Poland. Ubisoft has been an early adopter of web3 and blockchain technology and outlined its plans in these areas in a manifesto published in 2021. The company is also a major investor in Animoca Brands, a blockchain game developer based in Hong Kong.

Blockchain gaming is gaining popularity as the web3 space expands. While it has yet to fully realize its promise of decentralizing gaming assets and revolutionizing NFTs on a larger scale, the involvement of major gaming companies like Ubisoft and Square-Enix is a positive sign for the sector’s future.

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