Ubisoft Partners With Tezos to Become a Validator Node

By José Oramas April 21, 2021 In Blockchain, Crypto News, DeFi, Gaming

Videogame giant Ubisoft has partnered with Tezos protocol to become an official corporate validator node, as announced by Nomadic Labs, a technology research team within the Tezos ecosystem.

By becoming an official “baker”, Ubisoft will experiment with the proof-of-stake consensus algorithm, validating blocks and implementing them on the Tezos blockchain.

The company will be added to the set of 277 bakers. These validators can stake their XTZ — Tezos’ native asset — to distributing rewards and participate in the network’s governance.

Spreading Blockchain Technology With Videogames

Nomadic Labs said that blockchain can bring benefits to gamers and developers alike, and this collaboration is part of Ubisoft’s long-term research to spread and facilitate innovative technology.

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Ubisoft is one of the first large companies to show interest in blockchain technology by testing several protocols through the years and we are happy to welcome them in our ecosystem. Their experience and vision will be an asset in the Tezos community.

Michel Mauny, President of Nomadic Labs

This is not the first time that Tezos works with high-profile businesses. In September 2020, one of the largest banks in France, the Société Générale, started experimenting with the Tezos network. After several months of testing, the bank issued its official security token using its public blockchain.

By now, Ubisoft is the first major corporation in the gaming industry to join the protocol, and Nomadic Labs will support other companies that want to build on Tezos, contributing to the development and spread of the protocol’s corporate baker ecosystem.

José Oramas
Author

José Oramas

José is a journalist and translator with a keen interest in blockchain and cryptocurrencies.

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