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Ubisoft Backs Down From NFTs: Is The Market Open For Battle Infinity?


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Ubisoft Chief Executive Officer Yves Guillemot recently highlighted his plans regarding non-fungible tokens (NFTs) and the blockchain. He explained that his business is now contemplating a bit of a backward on the issue. Guillemot asserted that the majority of the controversy around NFTs and the blockchain has been the consequence of poor communication on the side of the firm. The CEO stated that Ubisoft has just been “in research mode” thus far.

Experimenting with Latest Technologies

He went on to say that the organization pays close attention to all emerging technologies and focuses heavily on cloud computing and the development of voxels of the next generation. They are investigating all of the Web3 possibilities and have recently tried a few things that are providing them with additional knowledge on how it may be utilized and what they should do in the context of the video game industry.

They are putting certain games through their paces as a test to see whether or not they meet the requirements of the players. The firm as a whole is now operating in a research phase. The CEO recently said in an interview with GamesIndustry.biz that the firm is not very good at announcing that it is doing research, and that instead, they should have emphasized that they are in the “work in progress” stage of developing something that would be of actual use to players.

Consistent Efforts Made to Deliver Something of Higher Quality

The CEO continued by explaining that the firm was an early adopter of virtual reality (VR) technology as well as the Nintendo Wii and that they are always experimenting with new technologies. Sometimes it is successful, and other times it is not, but the goal is always the same: to ensure that the firm can provide gamers with a unique experience that is both original and entertaining.

Since there is less competition and consumers are more interested in trying new things on new technology, the company’s objective is to always produce the finest experience possible, and the most recent technologies are always beneficial for accomplishing this aim.

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He went on to say that because this business is changing so rapidly and they are very cautious about the influence they desire to have, investigating does not equal launching. In the beginning, just as with so many other things, it’s not as excellent as it might be, but just like with other new technology, they’ll figure out how to make it better.

Taking Extra Precautions at Every Step

Up until this point, Ubisoft has been rather aggressive in its promotion of NFTs and the blockchain. Previously, the business disregarded the warnings raised by Nicolas Pouard, Vice President of the Ubisoft Strategic Innovations Laboratory. Pouard famously pointed out that players do not understand the benefits that might be brought to them by a digital secondary market.

He went on to say that now, as a result of the current scenario and the backdrop of NFTs, gamers truly feel that first, it is ruining the earth and second, it is merely a tool for speculation. He said this further in his statement. However, what they are picking up on initially is the conclusion of the game.

Pouard went on to say that this is how the corporation views the situation, and because of this, they will continue to do experiments. They intend to continue providing features and services revolving around this first attempt, and it is their firm confidence that eventually, the full picture will become clear to players and they will comprehend it. The corporation has high expectations that these gamers would eventually have a clearer comprehension of the value that is being provided to them.

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The catch is that nobody, not even the people working for Ubisoft, fell for any of the hype that was being spread about the game. During a survey, one of the workers said that they still don’t fully grasp the problem that is being solved here, and that they are doubting whether or not it is truly worth the highly terrible PR this would generate. Things will work out as they should over the course of time, and the solution will become clear.

Battle Infinity Takes the Lead

Due to recent developments, Battle Infinity (IBAT), the company responsible for one of the most profitable crypto presales of 2022, is now in a position to move through with its plans. This play-to-earn gaming initiative was able to reach its 16,500 BNB hard cap objective in just 24 days, which is equivalent to nearly $5 million.

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For those who are unfamiliar with Battle Infinity, the following is a concise summary of the goals that the project intends to accomplish:

The blockchain project known as Battle Infinity is situated in Mumbai, India, and it is constructing a Metaverse of play-to-earn gaming ecosystems. The Battle Infinity platform will contain a variety of activities, including fantasy sports games, staking tools, decentralized token exchanges, an NFT marketplace, and more under what it refers to as the “Multiverse.”

Those who participate in the multiplayer games offered by Battle Infinity have the opportunity to rack up prizes in the form of IBAT, the native cryptocurrency asset of the project. In addition to this, players will have the option to acquire in-game assets, the ownership of which may be verified via NFTs.

IBAT was recently successful in reaching its 16,500 BNB presale hard cap objective in just 24 days after it was established on top of the Binance Smart Chain. The duration of the pre-sale campaign was expected to be ninety days.

Those who were unable to participate in the Battle Infinity presale may still get exposure to the IBAT cryptocurrency while the project is still in its early stages because the asset is already being traded on the PancakeSwap market.

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Battle Infinity – New Metaverse Game

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  • Source: https://insidebitcoins.com/news/ubisoft-backs-down-from-nfts-is-the-market-open-for-battle-infinity

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