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Ubisoft Is All Set To Pursue Its Non-Fungible Token Plans

Ubisoft will consistently follow its NFT (non-fungible tokens) strategies notwithstanding the backfire experienced by it. The platform states that NFTs are a prominent evolution and it will take time to make some position in the industry.

Ubisoft to continuously move after its set principles

Notwithstanding the major blowback, Ubisoft does not have any intention to quit the NFT plans thereof. Formerly this month, a unique NFT venue was launched by Ubisoft called Quartz and started to provide tokens for the franchise thereof named Ghost Recon franchise. At present, the Blockchain Technical Director of Ubisoft – Didier Genevois – mentions that the firm even now has the strategies to operate with NFTs without bothering about its backfire. It was revealed by Genevois that both the apprehensions as well as the encouragements regarding the feedback over the project are under the consideration of the company.

He additionally specified that the NFT adoption demands some time to settle. He also specified that the venue will remain keenly involved with the three principles made by it such as the exclusive utilization of energy-effective blockchains, the commitment for the provision of a secure environment for the consumers, and the responsibility for the utilization of the technology. Not just these plans will be followed by Ubisoft however the firm will also have collaboration with Aleph.im (a blockchain startup) for the provision of decentralized NFT storage on the Quartz venue of Ubisoft. This collaboration was declared in a 21st December press release.

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Ubisoft experiences decreased NFT sales, backfire

The Quartz declaration of Ubisoft witnessed a considerable backlash, as more than 95% dislikes were responded against the trailer’s posting of it on YouTube on 8th December. The respective criticism appears to have emerged from the energy cost charged for crypto mining, with Solidaires Informatique (a trade union based in France) calling the strategy to be ecologically mortifying, costly, and useless technology.

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That complaint does not consider the reality that Tezos – the energy-effective blockchain having no dependence over mining – has been selected by Ubisoft to be utilized. If truth be told, the representatives from Tezos Foundation assert that the recent 50M transactions of the chain utilized relatively less energy. Nonetheless, the NFT plans of Ubisoft seem to be unsatisfactory. Liz Edwards – a participant in the Apex Legends group under EA – disclosed on Sunday that only 16 non-fungible tokens have been sold by Ubisoft up till then, adding just $400 in the volume of transactions.

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Mubashar Nawaz (United Arab Emirates)

Mubashar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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