Gaming giant Ubisoft to become corporate baker on Tezos network

Ubisoft, the video game studio behind popular titles such as Assassin’s Creed, Prince of Persia and the Tom Clancy series, 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 be added 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: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 2023. 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.

All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/gaming-giant-ubisoft-to-become-corporate-baker-on-tezos-network

#tezos #ocncoin #bitcoindifficulty #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

Gaming giant Ubisoft to become corporate baker on Tezos network

Related Post:

About The Author

Kane Dane