FTX US To Provide Cryptocurrency Services For Gaming Companies

Bahamas-based cryptocurrency exchange FTX is developing a gaming division to accelerate the adoption of crypto, blockchain, and non-fungible tokens (NFTs) among game producers.

According to two job postings on FTX US earlier this month, the FTX Gaming section will develop tools to assist gaming companies in integrating blockchain technology and NFTs into their games.

FTX US is looking for software engineers familiar with the C# programming language and the Unity gaming engine. Unity Technologies built the popular game creation platform Unity.

Bloomberg published the news first. According to an FTX representative, FTX Gaming would provide a "crypto-as-a-service" platform enabling game producers to launch tokens and support NFTs.

FTX is gaming a compelling use case for cryptocurrency since more than two billion gamers worldwide have played with and acquired digital objects, which they may now own through NFTs.

The announcement comes just a month after FTX US president Brett Harrison tweeted that gaming will play a critical role in the exchange's 2022 ambitions. "Excited for the tech challenges this will bring for us — integrating NFT, crypto trading, and wallet tech directly into in-game economies at a massive scale," Harrison said at the time.

According to DappRadar, there were 398 active blockchain games in January 2022, representing a 92 percent increase over the previous year.

The anticipated debut of FTX's game is the crypto exchange's latest endeavor to diversify beyond its cryptocurrency trading background.

FTX US Director Brett Harrison said in January that the platform would soon introduce stock and options trading services.

In November, FTX and Solana Ventures, and Lightspeed Venture Partners created a $100 million blockchain gaming fund to invest in entrepreneurs focusing on establishing blockchain gaming studios.

The blockchain gaming sector has also gained popularity among venture investors, attracting billions of dollars in investment.

FTX Founder and CEO Sam Bankman-Fried recently advocated for improved regulation and crypto education for Americans during a media session. This is to allow for better-informed decisions concerning digital currency.