CryptoSpiel.com
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
CryptoSpiel.com
No Result
View All Result

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

January 31, 2022
in Bitcoin
Reading Time: 4 mins read
A A
0
Ubisoft Executive Thinks Players Reject NFTs Because They Don’t Understand Benefits – Bitcoin News
0
SHARES
10
VIEWS
ShareShareShareShareShare

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.

sergio@bitcoin.com'
Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It


Credit: Source link

RELATED POSTS

Robinhood Charges Into Indonesia as Next Explosive Crypto Market

Coinbase Rebuilds India Crypto Presence With Fresh Onboarding Momentum

Binance Secures Full Authorization From Abu Dhabi Global Market’s Regulator

Buy JNews
ADVERTISEMENT
ShareTweetSendPinShare
Previous Post

Biden’s coming for your crypto, stricter rules, and higher taxes on the way?

Next Post

Russia Chooses Accommodative Crypto “Road Map” Over Blanket Ban

Related Posts

Robinhood Charges Into Indonesia as Next Explosive Crypto Market
Bitcoin

Robinhood Charges Into Indonesia as Next Explosive Crypto Market

December 9, 2025
Coinbase Rebuilds India Crypto Presence With Fresh Onboarding Momentum
Bitcoin

Coinbase Rebuilds India Crypto Presence With Fresh Onboarding Momentum

December 9, 2025
Binance Secures Full Authorization From Abu Dhabi Global Market’s Regulator
Bitcoin

Binance Secures Full Authorization From Abu Dhabi Global Market’s Regulator

December 9, 2025
Next Post
What Has the US and Russia got to Do With the Recent Crypto Dip?

Russia Chooses Accommodative Crypto “Road Map” Over Blanket Ban

XRP Facing Crucial Support Level As Bears in Control

XRP Facing Crucial Support Level As Bears in Control

Recommended Stories

No Content Available

Popular Stories

  • Winklevoss Twins Continue Crypto Donation Spree With Another $1,000,000 in Bitcoin (BTC)

    Trader Says DeFi Altcoin Aave Witnessing Clear Trend Switch, Updates Forecast on Two Low-Cap Coins

    0 shares
    Share 0 Tweet 0
  • Dappradar’s Q3 Industry Report Shows Crypto Economy and Participants Are ‘Riding Out the Bear Market’ – Bitcoin News

    0 shares
    Share 0 Tweet 0
  • UAE Mall Majid Al Futtaim Signs Strategic Partnership with Binance Exchange

    0 shares
    Share 0 Tweet 0
  • Kraken’s Jesse Powell Warns of Looming Government Crackdown on Bitcoin and Crypto Assets

    0 shares
    Share 0 Tweet 0
  • UK approves tokenization of FCA-authorized investment funds

    0 shares
    Share 0 Tweet 0
CryptoSpiel.com

This is an online news portal that aims to provide the latest crypto news, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • How crypto derivatives liquidation drove Bitcoin’s 2025 crash
  • Robinhood Charges Into Indonesia as Next Explosive Crypto Market
  • Exploring Chainlink’s Role Beyond Price Feeds in the Blockchain Ecosystem

Subscribe Now

Loading
  • Live Crypto Prices
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - cryptospiel.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams

© 2021 - cryptospiel.com - All rights reserved!

Please enter CoinGecko Free Api Key to get this plugin works.