Popular Gaming Platform Launches Its First NFT Marketplace

• GameStop launched its debut NFT token marketplace last Monday.
• Previously, GameStop and Immutable X launched a $100 million grant program.

On Monday, an American video gaming platform, GameStop announced the launch of its first NFT marketplace, which allows users to buy, sell and trade the NFT collections. As per the recent press release, the latest feature enables its users to connect their digital asset wallets, like GameStop Wallet, which was recently released. The firm is also planning to expand its functionalities, like web3 games. 

GameStop officials stated:

“The Company’s NFT marketplace is a non-custodial, Ethereum Layer 2-based marketplace that enables parties to truly own their digital assets, which are represented and secured on the blockchain. Over time, the marketplace will expand functionality to encompass additional categories such as Web3 gaming, more creators, and other Ethereum environments.”

Plans To Revolutionize NFT Gaming

Meanwhile, the GameStop marketplace is home to a variety of projects that utilize both Loopring, a layer-2 scaling solution, and the Ethereum mainnet. The gaming firm also wants to be a significant player in the NFT gaming industry. NFTs exist not only as digitized artworks but also as vital interactive elements in the gaming arena.

Additionally, GameStop has previously hinted that Immutable X’s, an Ethereum-based platform utilized by some NFT games, will be available shortly. Also, in February, GameStop and Immutable X announced a $100 million grant initiative to the NFT creators. 

In February, the gaming platform announced the launch of its first NFT marketplace, but at that time, the sale of NFTs fell due to the crash in the crypto market. Recently, GameStop laid off several employees and fired its CFO, after a significant decline in their shares in extended trading.

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