GameStop intends to launch its upcoming NFT token platform by the end of Q2 2022. The company announced its plans in its Q4 2021 earnings report today and included that plan in its filing. 10-K data model, which is part of “New Growth Opportunities”
“As we scale and expand our core offerings, Along the way, we will continue to invest in additional growth, including blockchain, digital assets. (including NFT tokens), Web 3.0 technology, and a new destination format for our store.”
GameStop partnered with Immutable X in January of this year to create the NFT Digital Worlds marketplace, planning toofferUp to $100 million in IMX tokens to NFT creators and up to $150 million to GameStop itself if the targets set for the terms of the deal are met.
Immutable X is an Ethereum Layer 2 network for NFT built on StarkWare’s ZK-rollup technology, which claims to increase scalability and reduce fees.
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