The American arm of the global crypto derivatives and spot exchange FTX appears to be developing a new blockchain gaming division.
In fact, the crypto exchange is hiring software developers for its forthcoming blockchain and gaming division, according to a job posting. The new gaming section will work to attract additional game developers to the blockchain-based gaming ecosystem. Which rewards gamers with crypto and nonfungible tokens.
Additionally, according to the job posting, the exchange is searching for software engineers. Who are well-versed in the C# programming language as well as the Unity gaming engine.
According to reports, the new platform is going to go into the market as “crypto-as-a-service”. Allowing game makers to include NFT and crypto token functionality.
On the other hand, FTX announced a $100 million GameFi ecosystem fund in cooperation with Solana Ventures. As well as Lightspeed Venture Partners in November 2021, as previously reported. Big digital companies investing extensively in the expanding play-to-earn (P2E) gaming environment. Thus the GameFi ecosystem has become one of the important breakout use cases from the crypto sector in 2021.
Furthermore, 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, labelling 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 will soon govern the game business with a market share of over 90%.
Significantly, the global gaming industry earns well over $100 billion in annual revenue, according to gaming analytics firm Newzoo. And is expectable to approach $200 billion in the next two years.