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GameStop faces the world of cryptocurrencies: it wants to launch its NFT store

GameStop faces the world of cryptocurrencies: it wants to launch its NFT store

The NFTs are now on everyone's lips and large companies are somehow trying to enter this market: in particular, it seems that GameStop is willing to create its own NFT store and is collaborating to create a $ 100 million fund for game developers who will use it.

The GameStop marketplace, which the company plans to release by the end of the year , will be based on the Immutable X platform : this, in turn, is based on the Ethereum blockchain and, for example, was used for the NFT-based trading card game Gods Unchained. Immutable X aims to lower Ethereum's “gas fees” , “by putting together multiple store transactions in a 'only transaction on the blockchain “.

As mentioned, GameStop is collaborating with Immutable X also regarding the creation of a fund of 100 million dollars for the developers who will use the marketplace : these will be able to sell game elements, such as skins of the characters or weapons, such as tokens on the blockchain. This would allow, for example, the transfer of skins from one game to another without the need to repurchase them.

We therefore look forward to further news about the GameStop NFT store: in the meantime, we leave you to this article in which we explain what the Non-Fungible Token are.

Via: The Verge
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