An FTX rep has told Bloomberg that the company is making this FTX gaming project come true because they view the gaming industry as a field with high potential for cryptocurrencies and NFTs.
However, integration of crypto companies into the gaming space has faced a massive backlash from both game players and developers as of late.Cryptocurrency businesses that have been venturing into the game space with"play-to-earn" models have been criticized heavily. However, according to the FTX spokesperson, there are over two billion gamers around the world who have already played games that involve digital collectibles.
Opponents of that merge, however, have accused these crypto-gaming companies of being involved with scams, financial crimes and a massive carbon footprint, while being after large profits. FTX has been trying to expand its operations beyond the crypto sphere. The head of the crypto exchange in the United States, Brett Harrison, has told Bloomberg that the platform intends to add stocks and options to the trading section, thus beginning to compete with such companies as Robinhood and eToro.
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