Ubisoft Executive Thinks Players Reject NFTs Because They Don’t Understand Benefits

Share This Post

ubisoft

Nicolas Pouard, an executive at Ubisoft, one of the leading videogame companies in the entertainment world, has issued his take on the backlash from gamers regarding the inclusion of NFTs in traditional franchises. The VP at Ubisoft’s Strategic Innovations Lab stated that this reaction could be due to a lack of awareness of the benefits that the inclusion of non-fungible tokens (NFTs) could bring to the industry.

Gamers ‘Don’t Get It’ When It Comes to NFTs

An executive at Ubisoft, one of the leading traditional entertainment and videogame companies, has issued his opinion on the cold shoulder that fans and gamers have offered to NFTs. In an interview with Finder, Nicolas Pouard, who is in charge of blockchain developments at the company, stated that gamers still don’t understand the benefits that these elements might bring to them. Pouard declared:

I think gamers don’t get what a digital secondary market can bring to them. For now, because of the current situation and context of NFTs, gamers really believe it’s first destroying the planet, and second just a tool for speculation.

He further explained that one of the objectives of NFT inclusion is to allow players to have true ownership of game assets, and to sell them after they finish playing a game. “It’s really beneficial. But they don’t get it for now,” he remarked.


Ubisoft Pushes Forward in Spite of Opposition

The statements made by Pouard reveal that, while the company is very aware of the opinion that a segment of the gaming community has on the topic, Ubisoft is going forward with the idea of building gaming experiences that integrate NFT elements.

Ubisoft has been one of the traditional gaming companies that has experimented with blockchain and NFT themes since some time ago. It is thought to be the first company of its kind to build its own NFT marketplace, called Quartz. Through Quartz — built on top of the Tezos network — Ubisoft is already offering NFT elements for some of its franchises.

But Ubisoft is not the only big gaming company slowly bringing NFTs into their world. Yosuke Matsuda, President of Square Enix, announced the importance of NFTs and play-to-earn economies for the new generation of gaming in a new year’s letter. Konami also recently pulled in $160K in an NFT auction commemorating the 35th anniversary of Castlevania, one of its most successful franchises.

What do you think about Ubisoft’s take on the bad rap that NFTs have among the gaming community? Tell us in the comments section below.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Price Turns Green In October Once Again, Is The Bull Run Here?

The Bitcoin price started out the month of October on a rather bearish note with a notable 10% drop in price from $66,000 back down to $60,000 This put a damper on the “Uptober” sentiment as

South Korea to impose forex regulations on stablecoin transactions

South Korea’s government has outlined plans to impose foreign exchange regulations on cross-border stablecoin transactions, addressing the rising use of these digital currencies in

Len Sassaman’s Legacy: Could He Be the Man Behind Bitcoin?

On Wednesday, HBO is set to release a documentary that claims to reveal the identity of Bitcoin’s creator, Satoshi Nakamoto, and speculation is swirling around Len Sassaman as the potential

MARA Launches Pilot to Harness Shale Gas for Bitcoin Mining Operations

MARA, one of the largest bitcoin miners in the public market, has kicked off an exciting new pilot program aimed at powering its operations with excess natural gas from US shale, as noted in a report

POPCAT Breakout Sparks Whale Buying Frenzy Near Peak Levels

Popcat (POPCAT), yet another memecoin that recently gained momentum, is making headlines as it closes in on an all-time high In this context, whale activity is peaking for big investors buying

Crypto Expert Says Flockerz, Pepe are Among Best Meme Coins to Buy Now

Meme coins remain a vital part of the crypto ecosystem But new coins pop up almost daily, making it tough to track which ones are worth checking out Jacob Bury, a top crypto expert on YouTube, has