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Home BUSINESS

Ubisoft Enters the Cronos Blockchain Ecosystem as a Validator

BlockNews Team by BlockNews Team
July 19, 2023
in BUSINESS, CRYPTO, GAMING, MEDIA
Reading Time: 3 mins read
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  • Ubisoft has joined the Cronos blockchain as a validator, contributing to the stability and security of the network.
  • The collaboration builds upon a shared history as Ubisoft was previously a participant in the Cronos Accelerator Program.
  • The collaboration aligns with the launch of Cronos Play, a suite of developer tools designed to streamline the creation of blockchain games.

Ubisoft, one of the leading global video game developers and publishers, recently expanded its horizon into the blockchain realm. The company now acts as a validator in the Cronos blockchain, joining the existing pool of 27 validators. This critical role requires Ubisoft to authenticate transactions, contributing to the security, stability, and decentralized validation of the open-source blockchain.

The validators’ task is to verify the blocks created every 5-6 seconds. Ubisoft’s involvement comes through the Strategic Innovation Lab, an entity that anticipates future developments and explores potential opportunities through innovative technologies. This partnership suggests Ubisoft’s consistent interest in exploring blockchain technology.

A Relationship Fostered Through Shared History and Shared Futures

This collaboration is not Ubisoft and Cronos’ first. The two entities share a history; Ubisoft was previously a participant in Cronos’ Accelerator Program as a startup mentor. It aligns perfectly with the objective of including open-source contributors to the Cronos blockchain to have Ubisoft back on the platform, this time as a validator. Other validators include Dora Factory, Crypto.com, Allnodes, and Blockdaemon, among others.

Ubisoft’s role in Cronos blockchain extends beyond just validating blocks or transactions. It will engage in blockchain governance, approving updates for the network, and contribute to the ecosystem in numerous other ways. Cronos is set to benefit extensively from Ubisoft’s substantial experience in the gaming industry, specifically, the expertise of the Strategic Innovation Lab. Feedback from Ubisoft will be implemented following careful consideration, which could result in substantial improvements to the network.

Cronos and Ubisoft: A Synergy Driving the Future of Blockchain Technology in Gaming

The Cronos blockchain recently introduced Cronos Play, a suite of tools for developers coupled with integrations designed to streamline the development process of blockchain games. Given Ubisoft’s renowned proficiency in creating immersive and engaging gaming experiences, the partnership is particularly promising. It could potentially expedite the adoption of blockchain technology in gaming, creating exciting opportunities for game developers and players alike.

Cronos Play, available as a plug-in in the Unreal Engine Marketplace, has already facilitated the launch of 15 Web3 games on the Cronos Blockchain. There are speculations about more games currently in the pipeline.

This partnership encourages positive sentiment within the community. According to Ken Timsit, the Managing Director of Cronos Labs, Ubisoft’s visible enthusiasm and unparalleled understanding of blockchain technology’s potential significantly contribute to Cronos’ development.

As Ubisoft and Cronos join forces, they forge a path that could redefine the use of blockchain technology in the gaming world and beyond. This partnership is poised to open the door for the gaming and the blockchain industry.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Cronos BlockchainUbisoftWeb3
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