The American arm of the global crypto derivatives and spot exchange platform FTX seems to be developing a new blockchain gaming division.
The crypto exchange is hiring software developers for its forthcoming blockchain and gaming unit, according to a job posting. The new gaming section will work to attract more game developers to the blockchain-based gaming ecosystem, which rewards gamers with crypto and NFTs.
FTX increased participation in the gaming sector
According to the FTX job posting, the exchange is searching for software engineers that are proficient in C# and have experience with the Unity game engine.
According to reports, the new platform would be “crypto-as-a-service,” allowing game creators to include NFT and crypto token support.
In November 2021, FTX launched a $100 million GameFi ecosystem fund in cooperation with Solana Ventures and Lightspeed Venture Partners, as reported by TheCoinRise. With big tech companies investing extensively in the expanding play-to-earn (P2E) gaming environment, the GameFi ecosystem has become one of the important breakout use cases from the crypto sector in 2021. FTX US has also joined hands with four major Washington DC sports teams.
Blockchain gaming craze
In the gaming industry, blockchain gaming and the concept of peer-to-peer (P2P) have sparked a lot of debate. On the one hand, established gaming companies despise the new GameFi business, labeling it a “house of cards” and a “scam,” while Web3 proponents see it as the way of the future. Alexis Ohanian, the co-founder of Reddit, reportedly predicted that P2E would soon govern the game business with a market share of over 90%.
The international gaming industry earns well over $100 billion in annual revenue, according to gaming analytics firm Newzoo, and is expected to approach $200 billion in the next two years.