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Benzinga
Benzinga
Business
Mirko Scarcella

Ubisoft Names Hedera And HBAR Foundation New GameFi Partners

Web3 gaming is about to become much bigger after popular global game company Ubisoft (OTC:UBSFF) announced this week that it will partner with Hedera (CRYPTO: HBAR) and HBAR Foundation to deliver gaming products via Web3. The partnership signals a major shift to blockchain gaming, as it means Ubisoft will join Hedera’s governing council while utilizing the massive computing power of the Hedera network node to verify transactions. 

Hedera is a public ledger meant for enterprise-scale digital networks. One of the primary issues with migrating to blockchain on an enterprise-scale is network speed and computing power, as blockchains like Ethereum are not only slow but expensive to make transactions on. Hedera, a blockchain meant specifically for enterprise-level operations, makes using a public ledger on a massive scale both fast and affordable. 

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