{"id":58188,"date":"2022-02-21T16:49:03","date_gmt":"2022-02-21T14:49:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58188"},"modified":"2025-09-04T15:32:20","modified_gmt":"2025-09-04T12:32:20","slug":"bloomberg-reports-plans-for-ftx-to-open-a-gaming-division","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bloomberg-reports-plans-for-ftx-to-open-a-gaming-division\/","title":{"rendered":"Bloomberg reports plans for FTX to open a gaming division"},"content":{"rendered":"

FTX, the cryptocurrency exchange, will launch its own gaming division. The structure is designed to facilitate publishers’ adoption of cryptocurrencies, blockchain and NFT<\/span> into their products, according to Bloomberg<\/a>.<\/p>\n

FTX Gaming will operate through the company’s U.S. subsidiary and will debut with a crypto-as-a-service platform (\u201ccryptocurrency as a service\u201d), the agency says. With it, game studios will be able to issue tokens and offer NFT support.<\/p>\n

According to the publication, in February the division began hiring remote workers for the team. The emphasis, reportedly, is on programmers with experience working with the Unity game engine.<\/p>\n

\n

\u201cWe are launching FTX Gaming because we view games as an interesting use case for cryptocurrencies. There are more than 2 billion gamers worldwide who play and collect digital items, and now they will also be able to own them,\u201d a exchange spokesperson said.<\/p>\n<\/blockquote>\n

Supporters of merging the cryptocurrency and gaming industries argue that digital tokens and NFTs provide greater ownership rights to earned in-game items, Bloomberg notes.<\/p>\n

However, traditional publishers have faced criticism along this path, as in the case of Ubisoft<\/a>. Users considered this an entanglement with a space prone to scams, fraud and a high carbon footprint, designed for profit rather than entertainment.<\/p>\n

According to Amy Wu, head of the previously created the $2 billion FTX venture fund<\/a>, the reaction of some gamers to NFTs was surprising to her.<\/p>\n

\n

\u201cThis is disappointing, but deserves attention,\u201d Wu said.<\/p>\n<\/blockquote>\n

In her view, it is too early to say what Play-to-Earn games should look like. More studios need to develop high-quality products using digital assets, rather than \u201cmaking compromises that truly offer the worst uses of this content in exchange for profit,\u201d Wu added.<\/p>\n

As a reminder, in January the investment volume in the GameFi sector reached $1 billion<\/a> or a quarter of the total for all of 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

FTX, the cryptocurrency exchange, will launch its own gaming division. The structure is designed to facilitate game publishers’ adoption of cryptocurrencies, blockchain and NFTs in their products, Bloomberg reports.<\/p>\n","protected":false},"author":1,"featured_media":58189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1236,1155],"class_list":["post-58188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ftx","tag-games-and-gamefi"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=58188"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58188\/revisions"}],"predecessor-version":[{"id":58190,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58188\/revisions\/58190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/58189"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=58188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}