IS FTXS RECENT MOVE A GOOD THING?

Recent news came out that one of the world’s largest crypto exchange platforms, FTX, will make a big appearance another unit that will zero in on the endeavor of non-fungible tokens (NFTs) and cryptographic money all in all into the gaming scene. Indeed, this comes from a Bloomberg report thus, for gamers out there who hate these two combining up as one, it’s really liable to happen.

Be that as it may, FTX US president Brett Harrison talked with The Verge. And through an email, he gave a statement about the company’s latest move which reads as:

“We accept that blockchain innovation takes features of games that already exist, for example, in-game avatars, skins, and rewards, and makes it feasible for players to possess, contribute, and trade these things outside of the game. Yet, the enjoy ability of the game for all players, including the individuals who don’t wish to participate in these sort of economies, ought to always be the primary target regardless of whether blockchain tech is involved.”

So as much as how others could see this, it’s simply the FTX US president who has this viewpoint on NFT and play-t0-earn gaming.

Be that as it may, is this new pursuit of the company something good?

IS THEIR GAMING VENTURE A GOOD THING?
Before we jump into this subject, for starters, FTX is a platform where crypto traders can exchange their assets into different assets, or even return them to their original structure at whatever point they see that their value would be better. Obviously, there are expenses engaged with the transactions that take place here so there is no question that FTX exploded and presently gains as much as $10 million in volume trading each day.

With the persistent rise of NFT and play-to-earn games today like Axie Infinity, Pegaxy, Bombcrypto, and Thetan Arena to name afew, it’s all up to clear that FTX has a great deal of potential.

And with potential, I say it’s the potential to really change the gaming business with these sort of games. FTX initial wandered last year into the play-to-earn scene by facilitating and supporting an Axie Infinity tournament where probably the best players on the planet participated. Called the FTX Galaxie Cup, the occasion gave a prize pool of 192 AXS or $25,000 in value during that time. This is only for one game, imagine assuming there are more that they’ll uphold.

Certain individuals argue that NFTs shouldn’t invovled with game. Yet, play-to-earn games became a side, or as far as some might be concerned, a main type of revenue especially for those whose positions were affected by the COVID-19 pandemic. Axie and Pegaxy,s scholarship program, the cheap venture rate for MyDefiPet, these are examples of how play-to-earn gaming became a game-changing instrument here in the Philippines.

So is FTX establihsing a gaming unit good?

Indeed, we can’t characterize it as early as now since there are still no substantial plans on how it would function. In any case, the potential? It’s already demonstrated on different games, so it has a tremendous chance that this new pursuit of FTX will also be a fruitful one.

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