Sunday, July 21, 2024

A job posting in the United States reveals that a blockchain gaming unit is in the works.

Blockchain gaming is projected to be the next big thing. A recent job posting by a crypto exchange has fanned this feeling further.

FTX is a crypto derivative and spot exchange. It is a global exchange. Its US arm is called FTX.US. This exchange posted a notification that it intends to hire a software developer. The notified position is for its blockchain gaming unit. The job notification required the developers to be proficient in C# programming language. They are also required to know the unity gaming engine.

The purported aim of FTX.US is to bring in more developers to grow blockchain gaming. This space will finally encourage gamers through tokens and NFTs.

The platform under development, will be termed – ‘crypto-as-a-service’. The platform would enable the support of NFTs and tokens on a single platform.

FTX together with a couple of other VC funds revealed the launch a $100 million fund. The fund would help develop the GameFi ecosystem. This is a play-to-earn gaming space. This is a use case in the crypto space that has attracted a lot of funding in the recent past.

However, the play-to-earn space has been receiving a mixed reception. The traditional gaming industry, understandably, is suspicious of the emerging blockchain gaming. They predict that it will fail catastrophically. Some even brand it a scam.

On the other hand, proponents of web 3 are excited and hail its arrival and see it driving future growth of gaming. Some even predict that P2E will garner 90% of the gaming market. Even the revenue generated by the gaming industry is projected to double in the coming two years.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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