FTX US, a US-regulated cryptocurrency exchange, plans to launch its gaming unit to encourage more and more game publishers to include Blockchain Network, Cryptocurrencies, and NFTs in their games. The gaming unit comes with a “crypto-as-a-service” platform allowing publishers to launch tokens and offer support for NFTs.
As per reports, FTX US recently posted job requirements for Software Engineers at FTX Gaming. They are looking for engineers who know the Unity game engine, an engine used to develop 2D and 3D games, and have strong knowledge in C# and other architectures. Therefore, FTX US is currently looking for a team of good engineers and coders to work on blockchain integration.
This move of bringing gaming as a new division under FTX comes after FTX’s announcement in November 2021 of a $100 million blockchain and crypto gaming fund in partnership with Solana Ventures and Lightspeed Venture Partners to infuse money in start-ups aimed at building blockchain gaming studios. A month ago, President of FTX US Brett Harrison also tweeted that gaming will be a big part of 2022’s plans.
FTX Gaming’s main objective would be to launch a “crypto-as-a-service” platform to allow gaming companies to launch NFT tokens for their games and provide full-time support to NFTs.
How will FTX Gaming help in this crypto-gaming revolution?
According to a Bloomberg report, a spokesperson of FTX said, “Gaming is an exciting use case for crypto. There are 2 billion+ gamers in the world who have played with and collected digital items and can now also own them.”. This is true because in-game currencies are becoming a popular investment choice. The whole crypto and NFT gaming paradigm revolve around the play-to-earn model where players can complete tasks and earn crypto.
FTX US’s new gaming unit will motivate game publishers to integrate NFT and blockchain technologies in their games. Although crypto gaming has received backlash from gamers in recent times, Brett Harrison (President, FTS.US) told Verge that he believes blockchain technology can be integrated into existing game features without affecting the players’ experience.
FTX has become one of the most valuable crypto firms globally, and we hope that the gaming division succeeds in building a good crypto environment among game developers and players. We will see most gaming companies integrate blockchain and introduce crypto tokens to incentivize players in the future. So FTX’s gaming division will surely be a promising venture in this decade of the blockchain revolution.
What is FTX US?
FTX US is a Bahamian cryptocurrency exchange platform whose mission is to build and grow the digital currency ecosystem. The platform offers crypto trading, margin trading, payment services, NFTs, and other crypto-related products to its customers at a low fee. The company will introduce its own gaming division to launch tokens and offer NFT support to gaming companies.
Who founded FTX US?
Samuel Bankman Fried is the founder and CEO of FTX. He is the richest person in crypto. He launched the company in April 2019 along with his co-founder Gary Wang. The company has headquarters in the Bahamas and operates as FTX US as a separate exchange for the USA.