Crypto giant FTX is creating a gaming unit to increase crypto adoption

Original post from Inevitable Media by Tiago Amaral

Crypto exchange FTX is establishing a gaming division. The goal is to provide a ‘crypto-as-a-service’ platform that will help gaming firms launch their tokens and NFTs.

The new unit, FTX Gaming, will encourage more game developers to adopt cryptocurrencies, blockchain networks, and NFTs in their games.

“We are launching FTX Gaming because we see games as an exciting use case for crypto. There are 2 billion+ gamers in the world who have played with and collected digital items, and can now also own them.” – a spokeperson from FTX told Bloomberg.

The inclusion of NFTs and crypto in games has been badly received by the general public of both gamers and developers. On the other hand, gaming giants like Ubisoft, Square Enix, and Take Two have already started experiments on this space or said they are looking closely at these new technologies.

Last year, Twitch co-founder Justin Kan launched Fractal, a marketplace for gaming-related NFTs, and Reddit cofounder Alexis Ohanian predicted that play-to-earn will be the only type of games people will play in 5 years.

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