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Ubisoft Became A Validator On The Tezos Network

22 April 2021 14:42, UTC
Ubisoft Became A Validator On The Tezos Network
By Anna Martynova

The French gaming giant Ubisoft has joined the Tezos blockchain as a corporate validator. Ubisoft, whose games include the popular Assasin's Creed, has teamed up with Nomadic Labs to implement this initiative. The company is committed to further exploring the opportunities that blockchain technology offers.

Tezos uses the Liquid Proof of Stake (LPoS) consensus mechanism, in which validators validate new transactions and add them to the Tezos public blockchain. Notable companies that have acted as validators on the Tezos network include Coinbase, Binance, Kraken, and Bitfinex. Representatives of Ubisoft, in turn, said that the company continues to study the blockchain through the Strategic Innovation Lab. As a validator on the Tezos network, the company plans to experiment with the LPoS consensus mechanism and explore the potential of this technology for the future of gaming.

In March 2021, European insurance company Wakam also joined the platform's ecosystem as a corporate validator. Recall that the financial company Societe Generale has released the first structured product in the form of security tokens on the Tezos public blockchain.

Image: Cryptoast



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