FTX starts Gaming Unit to support the mainstream crypto adoption
FTX starts Gaming Unit to support the mainstream crypto adoption
- ftx gaming will be a "crypto-as-a-service" platform on which gambling companies can introduce new tokens and offer support for NFTS
- This message comes for a few months after FTX, Lightspeed Venture Partners and Solana Ventures have announced their investment to create a 100 million dollar web3 gaming initiative
The FTX cryptocurrency exchange is entering the blockchain-based gaming business with its own unit to achieve the mainstream audience.
The new department will encourage more game developers to use cryptocurrencies, blockchain networks and NFTs, Bloomberg reports .
ftx gaming, which is operated by the US subsidiary FTX of the stock exchange, is designed as a "crypto-as-a-service" platform on which game developers start token and NFTS (not fungible tokens) can be built into their online worlds.
The company is looking for two software engineers, ideally for gaming enthusiasts with developer experience in Unity, a gaming development platform.
A The new settings is with the product development and the blockchain integration and improvement Developer tools commissioned for game studios. The other Rolle focuses on the partnership with game studios and the integration of the Blockchain technology.
A representative of FTX was not immediately available for a statement on Monday.
The market launch takes place months after FTX, Lightspeed Venture Partners and Solana Ventures have come together for a 100 million dollar initiative to finance Web3 games. Blockwork reported beforehand on the support of game studios, technologies and projects that focus on overlap between blockchains and games.
In the past 12 months, blockchain games such as Axie Infinity have increasingly been popular and, according to Dappradar, have held around 1 million users in almost 400 active blockchain games Data . At the beginning of January, the number of users reached around 1.5 million, but has decreased by 28 % to 1.09 million since then.
"In many ways, one could argue that the application of blockchain to games is a child's play, since players are already getting used to the tokenization and the purchase of objects in the game," said the spokesman at the time.
There is a "decent probability" that gaming nfts could be the driving force to make crypto accessible to the mainstream audience, said Sam Bankman-Fried, CEO and founder of FTX, during a panel on the Bloomberg Financial Innovation Summit in November.
However,Bankman-Fried said that there will be a noticeable difference between crypto companies that develop games, and traditional developers who want to expand their franchise titles with digital assets.
"To be honest, I think it is really difficult to play a really captivating video game," he said. "I don't think I can do it. It would take a long time to build these expertise.
Adding a liquid marketplace in games with Massively Multiplayer Online Role Playing Games (MMORPGS) such as Eve Online or World of Warcraft could accelerate integration, he said.
"One thing that I am really looking forward to is that you take a first-class game studio that wants to develop a great game and have market mechanisms in it and have real user ownership of the digital assets contained therein and would like to use blockchain technology, payment rails and NFTS to enable this," said Bankman-Fried. "I would suspect that they will see the greatest acceptance there early on."
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The contribution ftx to launch gaming unit to support mainstream crypto adoption is not a financial advice.
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