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Key Takeaways
- GameStop has opened entry to its NFT market, which is initially supporting digital artwork collectibles.
- Presently, there are 53,300 NFTs and 236 totally different collections listed on GameStop’s market.
- The corporate will quickly prolong assist to Immutable X and supply entry to NFTs built-in with widespread video games.
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GameStop has opened its non-fungible token market, based on an announcement from the corporate right this moment.
GameStop Launches Digital Artwork NFTs
GameStop has launched open beta entry to its NFT market with preliminary assist for digital artwork collectibles.
The corporate describes {the marketplace} as a “non-custodial, Ethereum Layer 2-based market.” Particularly, {the marketplace} is constructed on the Loopring.
GameStop’s announcement advertises {the marketplace} as a method “to really personal… digital belongings, that are “represented and secured on the blockchain.” Customers can join varied crypto wallets to the positioning together with the corporate’s personal GameStop Pockets.
There are already 53,300 NFTs and 236 NFT collections listed on the positioning. Although GameStop at the moment solely helps NFTs minted by itself platform, it options collections additionally out there on different marketplaces resembling OpenSea.
To commemorate {the marketplace}’s launch, GameStop has issued two NFTs that aren’t at the moment on the market.
Market Will Lengthen to Web3 Gaming
Whereas early stories anticipated that GameStop would combine NFTs with video video games, that function will not be at the moment out there. Somewhat, the corporate will prolong the platform to Web3 gaming and different Ethereum layers sooner or later.
Particularly, an upcoming Immutable X enlargement will present entry to NFTs related to video games resembling Illuvium, Gods Unchained, Guild of Guardians, Ember Sword, and Planet Quest.
Varied different online game firms have pursued non-fungible tokens over the previous a number of months, however GameStop was among the many most anticipated firms pursuing that aim as a result of its standing as a “meme inventory” in early 2021.
Nevertheless, the timing of GameStop’s NFT market launch could also be inopportune, as NFT gross sales started to say no this summer time.
The corporate additionally appears to be downsizing for causes unrelated to cryptocurrency, because it introduced layoffs on Jul. 7
Disclosure: On the time of writing, the writer of this piece owned BTC, ETH, and different cryptocurrencies.
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