Leading video game company Ubisoft partners with the blockchain network Hedera Hashgraph to support the development of gaming ecosystem expansion on Hedera's distributed ledger technology.
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By becoming a member of the Hedera Governing Council, Ubisoft will take part in governance, product direction and run a node. In the blog post published by Hedera, the team announced that in collaboration with the HBAR Foundation, Ubisoft is setting up a Hedera-dedicated track into the Ubisoft Entrepreneurs Lab focused on supporting startups.
The director of HBAR Foundation, Alex Russman said that the companies will provide tremendous opportunities for developers, startups, and users due to the cooperation. Didier Genevois, Blockchain Technical Director at the Ubisoft Strategic Innovation Lab, noted that distributed ledger technology is the key to the future of gaming. He added that Hedera offers scalability, energy efficiency, and an innovative consensus mechanism.
Currently, Hedera's native token HBAR trades at around $0.22. In the last 7 days, HBAR price increased by nearly 8%. The coin has a market cap of over $4 bln. Previously, Ubisoft announced a partnership with Tezos to launch an NFT platform, Ubisoft Quartz.