What Does Binance’s Potential Acquisition Of FTX Mean For Their Wider Investments In NFTs and Gaming?
FTX made significant investments into Web3, gaming, and esports, however, it is yet to be seen what will happen to these investments after the potential acquisition goes through. This gaming division aims to create infrastructure to allow developers to integrate NFTs and cryptocurrencies into their games. Still, FTX itself made plenty of substantial investments that will no doubt be affected by the deal with Binance. Back in June 2021, FTX began investing heavily in esports. FTX also signed a 7-year sponsorship deal with Riot Games that sees the crypto exchange sponsoring their North American League of Legends Championship Series, not to mention some smaller deals with Brazilian esports team FURIA and tournament organizer Nerd Street Gamers. Source: NFTNewsToday.com#Binance