Apparently, GameStop is ignoring that whole ”crypto winter” thing and driving forward with the launch of its own NFT marketplace, which is now available for access in what the company dubs a “public beta.”
As of now, you can utilize the NFT platform to buy, sell, and create NFTs. There are more than 200 collections you can peruse and more than 53,000 NFTs recorded on the NFT marketplace. The art we have seen appears to be pretty common NFT fare in just a few minutes of exploring, NFTHi has already spotted some strange cat and monkey-themed collections. Unsurprisingly, you can connect the recently-launched GameStop Wallet to manage your digital assets, though you can also use alternatives like WalletConnect and MetaMask. However, not just anyone can randomly create an NFT on the platform, interested creators will need to apply here.
Also Read, GameStop shares rise 3% after wallet launch
GameStop’s Plans for Web3 Gaming
GameStop has bigger plans for the marketplace down the line, conveying in a press release that it intends to “expand functionality” into areas like Web3 gaming. On the NFT marketplace homepage, GameStop is already citing that support for Immutable X, a platform built on Ethereum that’s utilized by some NFT games, is arriving soon. GameStop and Immutable X have also ventured into a $100 million grant program.
The gaming retailer first revealed in February that it intended to open its own NFT marketplace, but over the past several weeks, sales of NFTs have fallen amid a bigger downturn in crypto altogether. Crypto companies like Coinbase, BlockFi, and Crypto.com have had to lay off staff in an attempt to survive the storm, but GameStop is rushing forward with its plans, despite its own problems. We mention this because GameStop is opening its NFT market just days after laying off staff and parting ways with its CFO, and crypto efforts seem as if they’re a critical part of the company’s future. In a memo to employees about the layoffs, CEO Matt Furlong noted the company’s blockchain group in the very first sentence itself.
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