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A job posting on FTX.US reveals that a blockchain gaming unit is in the works

  • The FTX gaming unit is part of the company’s $100 million investment in the blockchain gaming industry.
  • FTX.US, the American subsidiary of the global crypto derivative and spot exchange FTX, appears to be launching a new blockchain gaming division.

According to a job posting on the crypto exchange’s website, the company is looking for software developers for its upcoming blockchain and gaming division. The new gaming unit will focus on attracting more gaming developers to the blockchain-based gaming ecosystem, which rewards players with crypto tokens and nonfungible tokens.

According to the job posting, the exchange is looking for software engineers who are well-versed in the C# programming language and the Unity gaming engine. At the time of publication, FTX failed to provide further comments..

According to reports, the new platform will be “crypto-as-a-service,” allowing game developers to integrate NFT and crypto token support.

FTX announced a $100 million GameFi ecosystem fund in November 2021 in collaboration with Solana Ventures and Lightspeed Venture Partners. With major tech giants investing heavily in the evolving play-to-earn (P2E) gaming ecosystem, the GameFi ecosystem has become one of the key breakout use cases from the crypto industry in 2021.

Blockchain gaming and the concept of peer-to-peer (P2P) have sparked a lot of debate in the gaming industry. On the one hand, traditional gaming ventures despise the emerging GameFi industry, labelling it a “house of cards” and a “scam,” while Web3 supporters see it as the future of gaming. Alexis Ohanian, co-founder of Reddit, recently claimed that P2E will rule the gaming industry with a share of more than 90% in the near future.

According to gaming statistics firm Newzoo, the global gaming sector generates well over $100 billion in annual revenue, with the figure expected to exceed $200 billion in the next two years.


Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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