GameStop Launches NFT Marketplace

Teodora Dobrilova
Teodora Dobrilova

Updated · Jul 12, 2022

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Since yesterday, the platform has been operating in a “public beta” version.

New Beginning During a Crisis

Amid the crypto crisis, GameStop has opened its non-fungible token marketplace. The move comes as a surprise, not only because of the digital assets’ constant taking but also due to recent layoffs within the company. It even fired its Chief Financial Officer, which led its shares to slip by 8%.

The marketplace, however, is now live, displaying a “public beta” version. Described as a “non-custodial, Ethereum Layer 2-based marketplace”, the platform currently has 246 collections and 53.5k NFTs.

Users can connect their digital wallets to manage their assets. Options include WalletConnect, MetaMask, and GameStop’s own wallet.

As for creators, they will have to fill out an application. Should they get accepted, they will “receive an exclusive minting feature to create NFTs” on the platform. 

According to the press release, “the marketplace will expand functionality to encompass additional categories such as Web3 gaming, more creators and other Ethereum environments.”

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Teodora Dobrilova

Teodora Dobrilova

Teodora devoted her whole life to words – reading, writing and trying to be original on social media. She got certified in digital marketing but still feels she’s not cool enough to be an influencer. (We all disagree – she influences the team pretty well.) She finished a master’s degree focused in Literature, Publishing, Mass Media. Her hobbies include traveling, and reading. Teddy hopes that yoga will be the thing to finally teach her some patience and show her the path toward world domination. Maybe modern tech can also help her with that.

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