GameStop Launches Beta “NFT Marketplace” Built on Ethereum

GameStop has launched Public Beta NFT Token Market It is built on the Ethereum blockchain, as the video game retail giant announced Monday.

In a statement, GameStop explained:new platformIt is “non-custodial on Ethereum Layer 2, which allows parties to can actually own their digital assets and represent and secure on the blockchain.”

GameStop launched a self-maintained Ethereum wallet in May. This will be one of the wallets in which users can connect to the NFT market, the company says will eventually add additional features to support “Web3 gaming, and support more creators and other Ethereum environments.”

GameStop has revealed plans for the NFT market over the past few months. in collaboration with Ethereum Layer 2 Immutable X developers to launch the NFT platform and GameStop alsoannounceAlso, companies will launch a fund worth up to $100 million in Immutable X tokens with the aim of funding NFT developers.

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