Tezos (XTZ) price rallies 40% on NFT collaboration with Ubisoft

With the launch of Ubisoft Quartz, one of the world’s leading gaming firms has made a major entry into the non-fungible token (NFT) arena. It will run on the Tezos blockchain, which has seen XTZ prices skyrocket.

Tezos’ native token, XTZ, has risen by about 40% in the last 12 hours on the announcement that it has been chosen by gaming giant Ubisoft.

After hitting an intraday high of $5.85, XTZ is currently trading at about $5.45. XTZ gained roughly 11% over the last week, according to CoinGecko, while the rest of the market has decreased.

Ubisoft is preparing to launch in-game NFTs

Ubisoft unveiled a new platform to introduce NFTs to its in-game products on December 7. Players will be able to obtain “Digits” starting this week, thanks to Ubisoft Quartz. This is the first time NFTs have been released in a triple-A game.

An AAA game is one that is produced and released by a prominent publisher in the video game business, and they don’t come much bigger than Ubisoft.

On December 9, Tom Clancy’s Ghost Recon Breakpoint will be released as a beta on Ubisoft Connect for Windows PC. 

The Digits will be collectible vehicles, weapons, and equipment in the game. To thank early adopters, the Ubisoft Quartz project will deliver three drops of free Digits on December 9, 12, and 15.

Tezos NFTs use less energy

Per the release, digits will use energy-saving technologies. The Tezos network was chosen by Ubisoft because of the qualities of its proof-of-stake consensus, which uses less energy than mining.

Limited editions with a set amount of unique in-game items will be available for the initial wave of Digits. 

They are currently only available in the United States, Canada, Spain, France, Germany, Italy, Belgium, Australia, and Brazil, and can be purchased with bitcoin.

 

Image courtesy of Cointelegraph News/YouTube

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