Gamestop has been in the headlines lately as its Gamestop NFT marketplace went live. This company that was on the verge of bankruptcy was saved thanks to a group of Reddit traders who stood against WallStreet’s greed. What is Gamestop NFT marketplace and how to buy NFT on Gamestop? Let’s find out in this article.
What is Gamestop?
The American video game retailer GameStop offers both gaming and consumer electronics products. Naturally, the corporation began to have issues as soon as the gaming sector went online. Instead of travelling to a real store and buying actual CDs, gamers are starting to buy games straight online through gaming portals like steam or blizzard. The company plan was gradually perishing. Because of this, hedge funds and family offices had GameStop as a promising short possibility on their radar.
In contrast, a Reddit community called WallStreetBets made the decision to put the squeeze on all those short-sellers by driving up GME prices. Even in the mainstream media, this generated news in the cryptocurrency world.
Gamestop NFT Marketplace
After being saved from bankruptcy thanks to crypto traders, Gamestop decided to tap into this new blockchain world. In fact, it is a smart move indeed, as the direction to be the first mover in this industry gives the company a good advantage. NFTs are starting to rise in popularity, and more big companies are tapping into the NFT world. The Gamestop
Gamestop ImmutableX NFT
The Gamestop NFT marketplace was made a reality thanks to ImmutableX.
ImmutableX is an Ethereum layer-2 scaling solution for NFTs. It enables quick trade credit, enormous scalability (up to 9,000+ transactions per second), minimal gas expenses, and many more without compromising user control. With its APIs, anyone may build the NFT business in ampere-hours. The extra protocol built on top of a blockchain like Ethereum is the layer 2 solution. Without utilizing any extra decentralization or security components that are essential to the blockchain, this layer scaling method boosts throughput.
ImmutableX characteristics:
- Zero gas fees
- Fast trade executions
- Layer-2 is secured by Ethereum.
- Carbon-neutral NFTs
- The Immutable X asserts that it achieves zero-knowledge proofs to Ethereum so users will always be able to verify and withdraw their assets.
How to Buy an NFT on Gamestop?
1- Fund your Wallet
The first thing to do after creating an account is to fund your wallet and have enough ETH for your purchases. Buy some ETH from another exchange such as Binance, and send them over to your Gamestop wallet.
2- Search for your NFT
Once you fund your account, go explore the NFT marketplace! To do so, click on the “explore” button on the homepage and browse through the listed NFTs. You’ll be able to search or even use filters to find better results.
The prices are posted in ETH with their equivalent in USD.
3- Buy your NFT
Once you find the NFT you want to buy, simply click on it. You will be redirected to the NFT page. From there, click on “Buy Now”. This will open a confirmation pop up, where you can specify how many you’d like to buy. Once confirmed, your Gamestop wallet will require confirmation, and then the NFT will transfer to your wallet after a successful payment.
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Source: https://cryptoticker.io/en/how-to-buy-nft-on-gamestop-nft-marketplace/