Earn Money Playing Games

Ubisoft participated in an investment round for Play2Earn Games

Ubisoft participated in an investment round from Animoca Brands. The company wants to be a key player in Play2Earn games.

Video games based on blockchain and that generate profits for their players with money or cryptocurrencies are the new goal set by Ubisoft, one of the key players of the video game industry globally and the creator of Far Cry and Assassin’s Creed.  

The company’s idea, announced by Frédérick Duguet, Ubisoft’s chief financial officer, is to develop this model, called Play to Earn (P2E), to invest in companies that use blockchains to create games autonomously.

Duguet believes that blockchains will open the doors for more P2E games to be created and, in turn, this will allow more players “to win content, own content and will make the industry grow a lot,” highlighted a media specialized in video games.

The executive revealed that they have been working with companies that use blockchains, which has allowed them to understand the impact they can have on the industry and assure that they want to be one of the “key players.”

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In that sense, Ubisoft participated in a financing round from the renowned creator of mobile games on blockchains, Animoca Brands, on October 20. Other investors included Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2Us, Kingsway Capital, 10T, Token Bay Capital, Smile Group, Tess Ventures, MSA Capital, Octava Fund, Adit Ventures, Summer Capital, Sigitech Holdings, Black Anthem Ltd, Mirana Corp, and Justin Sun.

Animoca has created games like The Sandbox, F1 Delta Time, and Revv Motorsport, among others.

Ubisoft participated in an investment round from Animoca Brands. The company wants to be a key player in Play2Earn games.
Above: Yat Siu is chairman of Animoca Brands. // Image Credit: Animoca Brands

“This round includes several game companies that participated in the round, which is important for various strategic purposes,

” said Yat Siu, chairman of Animoca Brands, said in an interview with GamesBeat.

In this way, Ubisoft seeks to get closer to Square Enix, which created games such as Final Fantasy, Tomb Raider, and Space Invaders. This company also invested in Animoca Brands in 2020.

Ubisoft’s Pre-Steps in Blockchain Games

The French company Ubisoft partnered earlier this year with the renowned Ethereum-based fantasy football platform Sorare, also of French origin.

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The alliance is to launch an NFT game, based on Sorare’s collectibles, called One-Shot League. The game created by Ubisoft is free to participate in, based on Belgium’s professional soccer league, Jupiler Pro.

This fact demonstrates Ubisoft’s involvement with blockchain games for months, and which it confirms with its investment in Animoca Brands.


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Disclaimer:

The information expressed in this article is solely those of the author and do not necessarily reflect the vies of CryptoDeFinance.  Each and every investment and trading move involves high risk. You should always conduct your own research when making a decision in crypto investment.
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Bruno Marques

Hi! I am the CEO/Founder of Crypto DeFinance, and I am an Enthusiast crypto investor. I started this project so we can provide you with carefully curated news. If you like us and our news, share the posts and comment. Your visit and interaction is very important to us.
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