Popular American video gaming and electronics retailer GameStop has launched its non-fungible token (NFT) marketplace for gamers, developers, and other community members to trade digital artwork and collectibles.
GameStop Rolls Out NFT Trading Platform
According to a press release, NFT enthusiasts can buy and sell digital collectibles such as photos, music, drawings, wearables, game items, and other avatars that represent unique ownership of the customized item.
The new marketplace is available to the public in the beta phase and is currently accessible to users on Loopring, an Ethereum layer 2 scaling protocol. The company said it plans to add support for Immutable X, another Ethereum scaling solution, in the future.
The platform features some of the most popular creators in the industry, including PoPeArt, Daz 3D, and Gems, with more than 235 NFT collections and 53.3k digital collectibles available for purchase. The video gaming firm also revealed that the marketplace would be expanded to accommodate other products and features such as the Web3 gaming experience. For now, though, NFT minting on the platform is currently reserved for selected creators, with plans to allow more users in the future.
Users will need to connect their non-custodial crypto wallets, including the company’s recently launched GameStop Wallet, to trade virtual goods on the platform. GameStop’s self-custodial Ethereum wallet allows users to interact with cryptocurrencies and NFT across various decentralized applications without leaving their web browsers.
GameStop to Launch $100M Fund for NFT Creators
In February, GameStop partnered with Immutable X to launch its NFT trading platform. The video game retailer noted that it would use the layer 2 technology to mint and trade digital collectibles on its “100% carbon neutral” NFT marketplace. The company also revealed that it would launch a $100 million fund to support NFT creators and web3 developers.
Last month, Coinfomania reported that the company participated in a $500 million funding round launched by Immutable to support Web3 and NFT gaming activities deployed on its Ethereum-based protocol, Immutable X.
