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Crypto Exchange Giant FTX Launches New Gaming Division

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The American subsidiary of a global cryptocurrency exchange is deepening its efforts in the blockchain gaming industry, as recently posted job openings reveal.

Based on two job postings, FTX US has software engineering openings in its FTX Gaming division.

The cryptocurrency exchange says that in one of the software engineering roles, the successful candidate will work with the exchange’s partner game studios to “improve its current features and implement new ones, as well as work on blockchain integration.”

In the second software engineering role, the selected prospect is expected to “improve our current [FTX] features, implement new ones, work on blockchain integration, and improve development tools for game studios we’re working with.” “.

FTX US President Brett Harrison said in a tweet that the cryptocurrency exchange is “excited” about its gaming initiative.

“[FTX] is excited about our new initiative at the intersection of crypto and gaming. As game studios look for ways to bring ownership, transfer and price discovery to their in-game savings, we intend to partner with them to provide back-end exchange technology.”

According to Harrison, the cryptocurrency exchange “looks forward to investing in this [gaming] space and finding ways for new entrants and established game studios to leverage FTX technology for these new advancements.”

In November 2021, FTX announced a $100 million investment initiative focused on blockchain gaming. Other partners in the initiative include Solana Labs’ investment arm Solana Ventures and global venture capital firm Lightspeed Venture Partners.

Last month, FTX announced a $2 billion venture capital fund with an investment mandate focused on gaming and various blockchain sectors. Cryptocurrency investor and head of FTX Ventures and Gaming Amy Wu at the time singled out blockchain gaming, saying the fund was “particularly excited about web3 gaming and its ability to attract mainstream audiences to the ecosystem.”

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