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- Gamestop is one of the biggest gaming organizations in the world.
- Organization has launched a Non-fungible token marketplace.
- Company has collaborated with Immutable X.
Gamestop NFT Marketplace
Increasing popularity of the NFT sector is giving rise to more and more platforms. Recently, one such organization, Gamestop, has launched the latest NFT marketplace. The platform is focusing on low fees and fast speed. The platform will also allow users to see NFT statistics and provide NFT education. How exciting, right?
Gamestop NFT Marketplace is a layer 2 non-custodial application. Users can connect their Gamestop wallet as well as other cryptocurrency wallets. Digital asset wallets enable the clients to keep their assets like crypto coins, NFTs in there. It also allows them to sell, purchase or trade virtual assets.
The NFTs persisting on the platform can be seen on the home screen. It will also feature the owners of the collectibles available on the platform. At present, there were a total of 236 digital collectibles on the website. The platform has just emerged and will register more collections with time. Currently, OpenSea is the biggest marketplace in the NFT arena.
Gamestop And Immutable X
Gamestop has joined forces with Immutable X, a layer-2 scaling solution back in February 2021. It launched a mammoth $500 million fund. Contributors to this fund includes Double Peak, King River Capital, AirTree, Gamestop, Arrington Capital, BITKRAFT Ventures, and Animoca Brands. Gamestop and Immutable X have initiated a grant program worth $100 Million.
The Gamestop and Immutable X grant fund focuses on the development of various aspects like metaverse, NFTs etc. The fund will also help the influencers, top industry players, Esports organizations, and celebrities seeking promotion in the field. Apart from this, it will look out for the technologies that can help their ecosystem to beef up.
The NFT market has always attracted top players from various industries. Now Gamestop has inscribed its name in this list. But the organization has made the announcement at the time when the crypto sphere is under control of the bears. As of now, the cryptocurrency market has a market capitalization of $881.9 Billion.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
