Quick Take:
- Ubisoft has chosen Tezos blockchain to power its in-game NFTs.
- The video game company said on Tuesday announced the launch of its metaverse Quartz platform.
- The Tezos network said it processed 50 million transactions in 2021, consuming energy equivalent to 17 global citizens.
Global gaming giant Ubisoft Entertainment said on Tuesday its metaverse platform will use Tezos Blockchain for in-game NFTs. The company announced the launch of Ubisoft Quartz, the first building block in its ambitious vision of creating a true metaverse on the open Tezos network.
The video game company said it chose Tezos blockchain partly because of its energy consumption efficiency in processing transactions. Tezos said it processed 50 million transactions in 2021, consuming energy equivalent to 17 global citizens.
The Ubisoft Quartz platform will allow players to acquire digital items and will be the first energy-efficient nonfungible token-playable— AAA-rated game, on the Tezos blockchain.
Ubisoft Quartz will be the first blockchain-based gaming platform from a major video company.
The insatiable appetite for blockchain gaming is drawing attention from the major industry players, and Ubisoft wants to lead on the innovative front.
The metaverse gaming has also attracted major investors, with leading gaming technology providers like GameOn also benefitting from the trend.
Tezos’proof-of-stake blockchain uses two million times less energy to process transactions compared to the proof-of-work blockchains used by Bitcoin and Ethereum.
Tezos also claims that one proof-of-stake transaction consumes the same amount of power used to stream a video for 30 seconds. On the other hand, proof-of-work transactions are referenced to consume as much power as streaming a video non-stop for an entire year.
“Our long-term efforts led us to understand how blockchain’s decentralized approach could genuinely make players stakeholders of our games, in a way that is also sustainable for our industry, placing back into their hands the value they generate through the time they spend, the items they buy or the content they create online,” said Nicolas Pouard, VP of Ubisoft’s Strategic Innovation Lab.
And explaining how his company’s low energy consumption technology could be advantageous to Ubisoft, Mason Edwards, Chief of Staff, Tezos Foundation said, “Energy-efficiency is an important factor for companies like Ubisoft, choosing to build on a blockchain network –I believe that Tezos’ efficiency and ability to evolve position the network to support Ubisoft’s vision for building a layer of value for the gaming world.”
Ubisoft gamers will be able to own NFTs based on some of the gaming company’s iconic characters and game worlds, allowing them to connect with each other whilst getting more value from the games they love.
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