GameStop launched the Ethereum-based NFT marketplace.
It currently has technical NFTs, but will add video game elements in the future.
Long-awaited video game retailer GameStop Ethereum NFT market is finally liveThe company announced today. GameStop was The first annoying plans for the NFT platform Over a year ago, in May 2021.
Currently, the market hosts a bunch of technical projects that run on the Ethereum mainnet as well Loopring, second layer scaling solution. Jim Stop Previously announced A partnership to use an immutable X layer-2 scaling network, but the market notes that immutable X support is “soon.”
While the focus is now mainly on artwork, GameStop aims to be a major player in NFT The gaming space, where NFTs are interactive elements used in video games. GameStop and X is immutable Launched a token grant fund of $100 million To bring game developers to market. A press release notes that NFTs will be added to games in the future.
NFT is a blockchain token that acts as a property document of an item, and is often used for digital goods such as artwork, profile photos, and other collectibles. In video games, NFTs can represent unique images, weapon designs, virtual ground plans, and more.
GameStop previously said Planned market launch By the end of the second quarter of fiscal year 2022, and today’s launch meets that goal in late July. It comes after a busy week for the long-running retailer.
On July 6, GameStop announced a four-for-one share split that will see shareholders receive three additional shares as dividends after trading closes on July 21. The next day, GameStop Michael Ricupero, Chief Financial Officer An uncertain number of employees are laid off across the company.
GameStop did not respond to a request for comment last week about the layoffs, but a gaming industry The report indicated that the staffing cuts apply to both the GameStop division as well as the . division detective game Video game magazine and website. According to the industry publication, the company also laid off more than 100 employees in May Kotaku.
This article has been updated to indicate that the NFT market has started on schedule based on the company’s financial calendar.
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