In brief Binance has agreed to purchase FTX after the latter crypto exchange had a liquidity crisis. The deal does not involve the separate FTX US company. The impact of the looming deal on FTX’s many NFT and gaming initiatives remains unclear, especially with those that involved both FTX.com and FTX US. Amid today’s industry-shaking news that cryptocurrency exchange Binance has agreed to acquire FTX after the latter exchange encountered a liquidity crisis, questions are flying about what it will mean for FTX’s many broader Web3 initiatives—including around NFTs and gaming. During ...
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