GameStop's October market launch is expected to allow users to access a number of popular Web3 games
A still from Gods Unchained
GameStop's non-fungible token (NFT) marketplace is now live on Ethereum layer-2 blockchain ImmutableX. This latest move from the gaming retailer is part of their Web3 push to provide more blockchain-based services and products.
In February, the pair first partnered to build the marketplace offering a $100 million grant for NFT content creators and tech developers. Earlier in July this year, the public beta of the NFT marketplace was unveiled.
GameStop's market launch on October 31 will allow users to access popular Web3 games like Illuvium and Gods Unchained. This is a big step forward for the company and will help them compete in the growing gaming market. Since launching its Web3-powered products last year, GameStop has released a beta self-custody crypto wallet that integrates with its NFT marketplace.
In March, the retailer launched its first beta NFT marketplace on Loopring, an Ethereum-based layer-2 protocol. This marketplace makes it easy for users to buy, sell, or trade NFTs.
The Hong Kong government has released a policy statement on virtual assets, outlining its stance on the matter and detailing its related pilot projects. One of these projects involves the use of NFTs.