FTX.US, the American arm of global cryptocurrency derivatives and spot exchange FTX, appears to be launching a new blockchain gaming entity.
FTX’s gaming unit is part of the company’s $100 million commitment to building the blockchain gaming industry.
According to a cryptocurrency exchange job posting, the company is seeking software developers for its next gaming and blockchain entity. – Fungable tokens.
The job posting revealed that the exchange was looking for software developers with strong knowledge of the C# programming language and the Unity game engine.
FTX.US has not responded to Cointelegraph’s requests for comment as of press time.
The new platform would be viewed as a “cryptocurrency as a service” that would allow game developers to integrate support for NFTs and cryptographic tokens.
As Cointelegraph reported in November 2021, FTX announced a $100 million GameFi ecosystem fund in partnership with Solana Ventures and Lightspeed Venture Partners.
The GameFi ecosystem has emerged as one of the key use cases for the cryptocurrency industry in 2021, with major tech giants investing heavily in the development of the Play to Win (P2E) gaming ecosystem.
Blockchain gaming and the concept of P2E have created quite a contrasting opinion in the “cheating” gaming industry, while Web3 advocates see it as the future of gaming.
Reddit co-founder Alexis Ohanian recently claimed that P2E will dominate the gaming industry with a share of over 90% in the near future.
According to gaming statistics company Newzoo, the global gaming industry generates more than $100 billion in annual revenue, and that number is expected to surpass $200 billion in the next two years.