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FTX set to launch a new gaming platform to aid crypto adoption: report

February 21, 2022 By Benson Toti

  • The new gaming unit will be available via FTX US as a crypto-as-a-service offering.

  • Over 2 billion people have played blockchain-based games, collecting digital assets that ‘FTX Gaming’ will now make it easy to own.

FTX is reportedly eyeing a new gaming unit that will help drive the next level of crypto adoption, according to a news report by Bloomberg.

The new ‘FTX Gaming’ unit targets game publishers and other players within the growing industry, FTX said. With it, users will have access to blockchain gaming tools designed to help publishers easily integrate cryptocurrencies and non-fungible tokens (NFTs).

According to the Bloomberg report published on Monday, the new platform will be available as a “crypto-as-a-service” via FTX US, the crypto exchange’s US-based affiliate.

Gaming companies signed to the network will have the chance to launch crypto tokens and support in-game NFTs, the report added.

The crypto gaming space has grown significantly over the past year, with the adoption of non-fungible tokens aiding the uptake among traditional gamers. At the moment, Ethereum-based Axie Infinity is one of the top titles in the space.

An FTX spokesperson said that the move to start the gaming unit is down to games becoming a major part of the crypto use case. This “exciting use case” the spokesperson added, has seen over 2 billion gamers across the globe play, and collect digital items.

The new platform now adds to the excitement by making it easy to own these assets.