NFT Development Services: Crypto Traders FTX will have its Section Centred on blockchain and NFT gaming

NFT Development Services: Crypto Traders FTX will have its Section Centred on blockchain and NFT gaming

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Cryptocurrency exchange FTX is getting ready to enter the growing world of blockchain and NFT gaming, by creating NFT Development Services!

 

Following the demand of games blended with blockchain machinery, plus non-fungible tokens or NFTs in 2021, the present 2022 is considered an interesting observation scenario to verify the development of a flourishing sector that even many video game production houses and developers see with great potential for the future of the gaming industry. Popular video game developers like EA, Ubisoft, and Square Enix are a few of the brands that have expressed their interest in blockchain and NFT games, plus, NFT Development Services.

 

Aiming to exploit this, the well known US cryptocurrency barter FTX is releasing a new NFT Development Services division called FTX Gaming, which will be geared towards blockchain and NFT gaming. With this new team, FTX will offer NFT Development services to video game companies and developers to allow them to integrate blockchain, tokens, and NFTS into their titles, as explained by spokesmen for the crypto exchange and as initially reported by Bloomberg.

 

It may interest you: FTX establishes a fund of 2,000 million dollars to invest in the NFT Development Services promotion of Web 3.0

 

NFT Development Service - Brett Harrison, president of FTX US, says that the natural user-friendly features that he believes all games, regardless of whether they're crypto-related or not, should have, will be the main focus of their NFT integrations, and added:

 

We also maintain that the capacity of blockchain machinery can let users invest in their games in ways that carry over to worlds outside of in-game economies, including potentially transferring these NFT Development Services investments to other games.

 

Blockchain games integrate the presence of tokens and NFTs as game assets, providing users with an ecosystem of tokenized assets that grant ownership of them, as well as the possibility that they can be traded. This, in turn, combines a creative example for the video game territory, like play-to-earn, which rewards players in this ecosystem of tokenized assets for their actions within the game, serving as a method to generate money by playing, since they can be traded to access other tokens, cryptocurrencies or even fiat money directly.

 

This NFT Development Services example is part of what captivated the scrutiny of a huge amount of video game producers.

 

However, the link between the crypto and blockchain world within the gaming space faces numerous obstacles. The first of them, moving forward in a world where the community has shown a strong rejection of NFT integrations, a fact that in many cases forced companies to back down on their plans linked to them. Gamers have embraced various negative narratives regarding cryptocurrencies, blockchain technology, and NFTS, such as high energy consumption, their "speculative nature" and even questioning their use as a tool for money cleaning or frauds, making them their prime aim for declining video games to approve these NFT Development Services and approach.

 

It may interest you: GameStop will launch its NFT market with Immutable X and announces a fund of 100 million dollars to support game creators

NFT Development Services - Regarding this barrier to entry that both FTX and any video game producer that integrates NFTs will face, Amy Wu, Leader of FTX Ventures and Gaming, commented:

 

It's true, some gamers do not believe in using NFTs in games, however, there were naysayers about ambulant and free-to-play games. What will be needed are examples of innovative and uniquely designed games to show gamers the future.

 

At present, FTX Gaming is taking form, with the business looking for remote staff to consolidate the NFT Development Services blockchain gaming-focused division. FTX has thus far issued a trust to flourish blockchain gaming in Solana the prior year, apace with Solana Ventures and Lightspeed Venture Partners, while also participating in a sponsor round from NFT gaming brand Mythical Games.