January 24, 2022

Market and Financial News

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Crypto Enthusiasts Meet Their Match: Angry Gamers

2 min read

So far, 10,000 digital wallets — tools that allow people to store their crypto assets — have been connected to the Quartz platform, even though Ubisoft minted just 3,000 NFTs in its first batch, Mr. Pouard said. That suggested an appetite for more NFTs in the future, he said.

Ubisoft eventually plans to take a cut of sales of future NFTs, Mr. Pouard added. “We’re moving from a business model focused on just a game to a business model focused on an ecosystem in which every player can be a stakeholder,” he said.

Zynga, which is set to be acquired by Take-Two, hired Mr. Wolf, a games industry veteran, to lead a crypto effort in November. The goal was to create new games on the blockchain, making it easy for players to acquire, own and…

Mike Isaac and Kellen Browning

2022-01-15 05:00:17

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