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Assassin’s Creed, Far Cry Creator Ubisoft Will Become Block Producer For Ultra’s Blockchain Gaming

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Blockchain applications in the gaming industry have proven to be the most practical so far. Just recently, Ubisoft partnered with Ultra, a blockchain-oriented gaming platform. The move marks a major milestone for blockchain integration given Ubisoft’s prominence in the traditional gaming space.

The Game-Changing Partnership

According to Ultra, the collaboration with Ubisoft will be mutually beneficial given the latter will learn about blockchain tech in detail. Ubisoft has since been tasked the role of block producer within the UOS blockchain network. Ultra is also confident that Ubisoft’s trusted brand will be a plus to its fundamental value going forward.

Ubisoft will further provide 3rd party services that enable users to send transactions; this is through web-based services functioning real-time. The gaming giant is popular for the production of mainstream games like Far Cry and Assassin’s Creed placing it at a better position in terms of product implementation.

Ultra revealed that they are considering to upgrade Ubisoft to a Technical Block producer within their blockchain ecosystem. This simply means that Ubisoft will be able to contribute to its platform development and provide support to the existing infrastructure.

Blockchain and Gaming Future

The move by Ubisoft and Ultra has raised the hopes of leveraging blockchain tech on a bigger scale than stakeholders anticipated. As it stands, blockchain applications in the gaming space are mostly small scale and enterprise oriented. However, this seems to be taking a different turn despite the regulatory uncertainty surrounding blockchain tech and crypto tokens.

Given the current information, only speculations can be derived from the nature of this Ubisoft Ultra partnership. Some Fintech analysts are optimistic that Ubisoft will eventually begin developing games with blockchain tech as the fundamental layer. Ultra is also confident that this gaming giant is ahead of its competitors in terms of investing in the fourth industrial revolution (4IR) for its products. Other prominent players that have partnered with Ultra include AMD, the graphics card producer. The firm however noted that its main goal in collaborations is quality over quantity.

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NYSE files a trademark application for trading NFTs

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The world’s largest stock exchange may be planning to bring business into the Metaverse.

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Traders say $4,000 Ethereum back on the cards ‘if’ this bullish chart pattern plays out

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Global tensions that could trigger a correction in markets abound, but traders say ETH’s current setup could result in a swift return to the $4,000 level.

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CryptoPunks community reacts to the ongoing copyright battle between V1 and V2

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Although the collection is no longer deemed authentic by Larva Labs, its creators alleged sold 210 ETH worth of CryptoPunks V1 when the wrapped versions first gained traction.

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Binance.US is under investigation from SEC over trading affiliates: Report

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Binance CEO Changpeng Zhao allegedly has connections to two market makers buying and selling crypto on Binance.US.

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Boost Insurance unveils product covering against crypto theft from qualified custodians

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Boost Insurance, an insurance infrastructure-as-a-service platform, alongside go-to-market partner, Breach Insurance, a company that provides insurance technology and regulated insurance products for the cryptocurrency market, today announced the launch of Crypto Shield, an insurance product for cryptocurrency available to retail wallet holders.

Crypto Shield covers the theft of cryptocurrency while in the custody of a qualified custodian.

The Crypto Shield product allows individuals to purchase protection for their crypto wallets held by select custodians. In the case that the custodian is breached or suffers a social engineering attack resulting in lost assets, individuals insured under Crypto Shield can be reimbursed for the value of their policy.

Boost + Breach

While there is some commercial insurance available to cryptocurrency institutions, Breach envisioned Crypto Shield as a solution to the protection gap that currently exists for individuals holding crypto, securing a partnership with Boost to assist in bringing the Crypto Shield product to life.

Boost’s insurance infrastructure-as-a-service packages the necessary operational, technological, compliance, and capital requirements for new insurance programs into a white-label solution, enabling insurtechs like Breach to swiftly launch new lines of business.

“Boost’s deep expertise and insurance infrastructure-as-a-service platform, and Relm’s industry-leading crypto reinsurance capabilities, have positioned Breach to bring a highly complex insurance product to the market in a beautifully delivered customer experience.”
– Eyhab Aejaz, Co-Founder & CEO at Breach

To deliver that product in a seamless experience, Boost and Breach’s platforms connect via API, allowing Boost’s policy administration system to deliver back-end management for the Crypto Shield product. Breach’s customers are then able to purchase and manage every part of their policy and claims process, all from within Breach’s proprietary crypto insurance platform.

“With Boost’s infrastructure-as-a-service platform, companies like Breach can launch and deliver innovative new insurance offerings, at a fraction of the time and cost required to build a full-stack insurance program from scratch.”
– Alex Maffeo, CEO & Founder of Boost

In addition to powering the new product, Boost and Breach partnered to source and secure the necessary reinsurance backing from industry expert Relm Insurance Ltd. (Relm), underwritten by Trisura Specialty Insurance Company. Operating out of Bermuda, Relm is a capacity provider to the crypto sector with a track record of insuring companies across the ecosystem. Relm has recently been awarded an ‘A Exceptional’ Financial Stability Rating (FSR) by Demotech.

“Relm’s partnership with Boost and Breach to reinsure the US’s first cryptocurrency insurance product for retail wallet holders is a milestone in supporting the development of crypto and blockchain technologies.”
– Joe Ziolkowski, CEO at Relm

The post Boost Insurance unveils product covering against crypto theft from qualified custodians appeared first on CryptoNinjas.

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