Get Ready! GameStop Will Launch Its Own NFT Marketplace

GameStop prepares to launch NFT marketplace. (GameStop Twitter Screenshot)

JAKARTA – One of the biggest game retail giants in the world GameStop is reportedly working hard to develop the NFT marketplace. GameStop plans to launch the NFT trading platform at the end of the 2nd quarter of this year. Such efforts will set the company's position on par with popular NFT platforms OpenSea and Coinbase.

Reporting from CryptoPotato, last year, the community revived GameStop from its suspended animation. At that time the company was under the grip of investment asset managers (hedge funds) on Wall Street. Now, GameStop wants to give back and take advantage of this second opportunity with the launch of the NFT marketplace to serve gamers, crypto lovers, and technology enthusiasts.

The planned launch of the NFT GameStop marketplace was announced on March 17 yesterday. The company hopes to launch a non-fungible token trading platform in the 2nd quarter of 2022.

According to GameStop's 1st quarter report, the digital arts marketplace will be powered by Immutable X, a Layer 2 protocol running on the Ethereum network. This allows NFT to be exchanged instantly with scalable transactions of 9,000 operations per second, without charging its users any fees.

In addition, the company also announced a fundraiser worth 150 million US dollars in the official Immutable X token, namely IMX. Part of the funds will be used to provide financial support for content creators and platform developers.

To realize the launch of the NFT marketplace, GameStop has recruited dozens of people who specialize in the gaming industry, blockchain, e-commerce, and a number of other technology fields.