FYX Gaming CEO Adam Kling: We Are Looking for User Adoption and Scale

To get a sense of how big cryptocurrencies and the blockchain will be in the coming year, one only had to be tuned into the Super Bowl to see how companies in the digital currency space had inundated the airwaves with commercials. 

Another potent advertising group during this year's Super Bowl: Online sportsbooks.

Since we are on the topic of commercials, remember the old Reese's Peanut Butter Cup ads where they mixed chocolate and peanut better to come up with the delicious snack treat?

Well how about mixing crypto, the blockchain and gambling?

Our colleagues at CoinGeek recently caught up with Adam Kling, CEO of FTX Gaming.  His company runs the uber popular Cryptofights, a fighting strategy game that runs on the BSV Blockchain. 

His business is always looking towards innovation.  And with this in mind, FTX Gaming recently announced the intention to launch its own coin.

"We realized after launching CryptoFights in June 2021 that we needed a deeper tokenomics system to compete with games like Axie Infinity," Kling tells CoinGeek's Joshua Henslee. "Players are looking for a richer experience and also multiple play styles (i.e., not just pvp)."

Kling also explained why his company opted to make PvP (player vs. player) fights free.

"We are looking for user adoption and scale," he revealed.  "When 2.0 is launched it will really push the boundaries of transactions per day and we want the most transactions available to us now to prepare."

Betting BSV on PvP fights was originally a key attraction and revenue stream for FYX, and Kling announced the return in the form of the FYX tokens.

Some games will be free to start.

"We are looking at having 1-2 arenas/dungeons that are free to enter and have lower rewards. We will also have a new player referral system to earn FYX tokens for inviting your friends."

You can check out Cryptofights here.

- Aaron Goldstein, Gambling911.com