ARTSKY LABS – Ubisoft Continues Web3 Push With Rabbids NFTs in The Sandbox

Ubisoft, the French video game developer and publisher, continues to move into the world of Web3 with the announcement of Rabbids NFTs in The Sandbox. This marks the first time the company has ventured into the world of non-fungible tokens (NFTs).

The Sandbox is a blockchain-based virtual world platform that allows players to create, own, and monetize their own gaming experiences. The platform also features a marketplace where players can buy and sell digital assets, as well as a gaming platform that allows developers to create and publish games.

The Rabbids NFTs will be available on The Sandbox platform and will be used as in-game currency. The NFTs will be backed by the Ethereum blockchain and will be tradable on the platform. The NFTs will also be used to reward players for in-game achievements, as well as for purchasing in-game items.

The move into the world of Web3 is a strategic move for Ubisoft as the company continues to expand its presence in the gaming industry. By entering the world of NFTs, Ubisoft will be able to leverage the blockchain technology to create new and innovative gaming experiences for its players.

This announcement is the latest in a series of moves by Ubisoft to embrace Web3 technologies. The company has already announced plans to launch its own blockchain game, HashCraft, and has also partnered with blockchain-based gaming platform Enjin to create a blockchain-based version of the popular game Assassin’s Creed.

Ubisoft’s foray into the world of Web3 is a sign of the company’s commitment to embracing new technologies and innovating in the gaming industry. It is also a sign of the company’s commitment to creating a more secure and transparent gaming environment for its players.

The launch of the Rabbids NFTs in The Sandbox is sure to be a hit with gamers and crypto enthusiasts alike. With its move into Web3, Ubisoft is continuing to push the boundaries of gaming and blockchain technology, and this latest announcement is sure to be the first of many.