Tezos Cryptocurrency Fires After Ubisoft Starts Using NFTs

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Ubisoft: Last Wednesday (8), Ubisoft introduced Ubisoft Quartz, a platform that provides the company’s first non-fungible tokens (NFTs). Shortly after the announcement, the Tezos (XTZ) cryptocurrency, used to trade on the tool, soared by 40% in 24 hours.

Last Monday (6), the currency was valued at an average of US$ 4.16 and, just two days later, the value rose to US$ 6.09. However, after a few hours, many users started to sell the asset and, today (9), the value reduced and stopped at US$ 5.28.

How does Ubisoft Quartz work?

The studio responsible for major franchises such as Assassin’s Creed, Ghost Recon, Far Cry, Prince of Persia, among others, launched the Quartz platform to make unique game items available on NFTs. However, the big difference is that players will be able to use non-fungible tokens within games.

The company’s items are called Digits and have a serial number, so, for example, users will be able to purchase a unique weapon skin and use it within the game itself. So far, only options have been released for the game Tom Clancy’s Ghost Recon Breakpoint, which are being distributed for free.

One of the differentials of Digits is their low power consumption, unlike other NFTs, which promises to be friendlier to the environment than Ethereum. Possibly, Ubisoft does not want to be part of the controversies surrounding the sustainability of currencies and, therefore, chose blockhain networks that consume less energy.

Still, the company’s announcement generated much criticism from the public. The platform’s reveal video received more than 22,000 dislikes on YouTube in 24 hours.