Blockchain gaming is gaining traction. Major companies are investing in the development of this branch of the crypto industry. One such project is Com2uS’s C2X, a Terra-based gaming platform that recently received major investments from crypto exchange FTX, among others.
FTX invests in blockchain gaming
C2X recently held a private token sale and raised $25 million. The investment round was led by FTX Ventures, the investment arm of the well-known exchange. The blockchain gaming platform is now worth half a billion dollars thanks to this and previous investment rounds.
The South Korean project is just one of the projects where FTX invests in blockchain gaming. It has even created an entire division dedicated to game development called FTX Gaming. The ultimate goal is to get blockchain games off the ground, something that could lead to mass adoption of crypto.
C2X already available on FTX exchange
C2X is built on Terra, a blockchain connected to the Cosmos (ATOM) ecosystem. There are plans to create a so-called play to earn game launch, Summoners War: Chronicles. In addition, the baseball game Crypto Superstars and Golf Star are said to be in development. Play-to-Earn is a new kind of games where players can earn money by playing the game.
This can be done, for example, by in game objects to non-fungible tokens (NFTs) to link. This allows these digital objects, such as a sword or stone, to be unique and scarce. You can imagine that this will give gamers extra motivation to complete assignments and keep playing!
The cryptocurrency of the platform, C2X (CTX) is also already listed on the FTX trading platform. Early investors who kept a close eye on the crypto news on Crypto Insiders could already participate in the C2X before this listing initial exchange offering (IEO).
In short, FTX sees great opportunities in the gaming world and is therefore also speeding up!
