FTX.US to Create Blockchain Gaming Unit
- The move is an attempt from FTX to expand beyond its crypto trading roots, and likely will build up on its $100 million GameFi fund commitment.
- FTX.US’ job listing revealed that the company was looking for software engineers with experience in the C# programming language and Unity gaming engine.
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Cryptocurrency exchange FTX will be creating a new gaming unit within the company in an attempt to expand beyond its crypto-trading roots, Bloomberg reported on 21 February.
According to the publication, the “FTX Gaming” unit will be focused on developing a new “crypto-as-a-service” platform that will enable gaming companies to launch new tokens and offer non-fungible tokens (NFTs) support. The new team will be created through FTX’s U.S. affiliate, FTX.US, and according to the recent job listings will be operated remotely. An FTX spokesperson told Bloomberg:
“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.”
The exchange is currently looking for software engineers with a strong knowledge of the C# programming language, and at least 2 years if developing experience with the Unity gaming engine. While not much else was revealed, FTX did say that experience in strategy games and mobile development would be considered pluses.
This is not the first time FTX has invested in blockchain gaming. Back in November 2021, the exchange launched a $100 million GameFi ecosystem fund in partnership with Solana Ventures and Lightspeed Venture Partners, which had the goal of attracting blockchain game developers to the Solana network. The interest of crypto-focused companies in gaming is understandable, considering the gaming sector was able to generate well above $100 billion in annual revenue last year, according to data from gaming statistics company Newzoo.
- The New York Jurors took 4 fours of deliberating before pronouncing the former FTX CEO guilty of all seven charges of fraud and conspiracy to commit fraud.
- Bankman-Fried will now have to appear in court on 28 March, 2024, where he will face a potential maximum sentence of 115 years in prison.
Former CEO of FTX Sam Bankman-Fried leaves the Federal Court in New York after pleading not guilty, 3 January, 2022.
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- A little over $13 million in altcoins were sent to crypto exchanges Binance and Coinbase in the past 24 hours, which is in accordance with a September court order.
- The court ordered a phased liquidation process, which allows the bankruptcy estate to sell $3.4 billion worth of digital assets over a certain period of time.
- Joseph Pimbley, a member of litigation consulting firm PF2 Securities, will try to rebuff testimonies from Caroline Ellison, Gary Wang, Nishad Singh, and Adam Yedidia.
- During his testimony Pimbley will try to establish a timeline for the FTX-Alameda line of credit, and convince the jury it fluctuated between $1 billion and $3 billion between 2021 and 2022.