GameStop Launches NFT Marketplace – Crypto Briefing

GameStop has opened an irreplaceable token marketplace, according to the company’s announcement today.

GameStop Announces Digital Art NFT

GameStop has launched open beta access to it NFT Marketplace With initial support for digital art goods.

The company describes this marketplace as an “unmanaged Ethereum Layer 2-based marketplace.”Specifically, the marketplace Loop ring..

GameStop’s announcement promotes the market as a way to “truely own digital assets represented and protected on the blockchain.”Users can connect to the site with various crypto wallets, including the company itself GameStop wallet..

The site already lists 53,300 NFTs and 236 NFT collections. GameStop currently only supports NFTs created on its own platform, but has a collection available in other marketplaces such as OpenSea.

To commemorate the launch of the marketplace, GameStop has issued two NFTs that are not currently on sale.

Marketplace will be expanded to web3 games

Early reports expected GameStop to integrate NFTs with video games, but that feature is currently unavailable. Rather, the company plans to extend the platform to Web3 games and other Ethereum layers in the future.

Specifically, in the future Immutable X The enhancement will provide access to game-related NFTs such as Illuvium, Gods Unchained, Guild of Guardians, Ember Sword, and Planet Quest.

While various other video game companies have been pursuing non-fungible tokens over the past few months, GameStop is one of the most promising companies to pursue that goal with its status as a “meme stock” in early 2021. It was one.

However, the timing of launching GameStop’s NFT Marketplace may be inappropriate due to the sale of NFT. Began to decline This summer.

The company also announced a layoff on July 7, which seems to be downsizing for reasons unrelated to cryptocurrencies.

Disclosure: At the time of writing, the author of this work owned BTC, ETH, and other cryptocurrencies.