Tezos Holders in XTZ as Token Jumps on Ubisoft Digits Partnership

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  • Tezos’ XTZ token jumped 54% after news of a deal with Ubisoft was publicized
  • Ubisoft Quart will run on the Tezos blockchain and will offer in-game NFTs
  • The ‘Digits’ will be tradeable by players

Holders of Tezos’ XTZ token enjoyed a December bonus as their holdings jumped over 50% after game maker Ubisoft announced that it had picked the Tezos blockchain as its official issuer of in-game NFTs. Ubisoft announced Ubisoft Quartz yesterday, a NFT platform that allows players to collect NFT rewards within its games, with the first iteration being through Ghost Recon: Breakpoint. Ubisoft was clear to state that the use of Tezos means that it will be “energy efficient”, quashing the arguments levelled at other platforms such as Ethereum.

Digits to Be Earned and Traded In-game

Ubisoft says that Quartz is “the place where you can acquire Digits, the first Ubisoft NFTs”, with the NFTs representing in-game items like weapons, clothing, and armor. Ubisoft adds that Digits gives users “more control than ever”, stating that they are first and foremost playable items but ones that users can sell to other “other eligible players, whenever you want and at the price you set.” All transactions will take place on the Tezos blockchain rather than through Ubisoft itself.

To aid initial adoption, Ubisoft is offering free Digits drops on December 9, 12, and 15 in order to “reward the early adopters among players.” These free Digits can be claimed through Ubisoft Quartz when its beta launches on the 9th at 1 p.m. EST in the United States and Canada. Quartz will also be available at the same hour, local time, in Brazil, Spain, France, Belgium, Germany, Italy, and Australia.

XTZ Leaps 54% on News

The value of the XTZ token jumped on the back of the news, leaping from $3.70 to $5.70 as the scale of the deal was brought home. The Tezos/Ubisoft deal is another example of the potential of gaming platforms to adopt blockchain technology, as already seen with projects such as Enjin.