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GameStop Launches NFT Marketplace

The popularity of NFTs is on the rise, and more entities are deciding to hop into the NFT wagon. Check out the latest reports about the company called GameStop.

GameStop launches NFT marketplace

It’s been just revealed that GameStop’s NFT marketplace is live on Immutable X. Just in case you don’t know, this is a Layer 2 Ethereum scaling protocol.

The video game stores’ business is in decline, according to the latest reports coming from The Block, but it now stands to be a major player in the NFT gaming industry.

More than that, it’s been just revealed that the firm is rivaling crypto-native gaming NFT platforms like Fractal, founded by Twitch’s Justin Kan.

It’s also worth noting the fact that GameStop’s marketplace will offer assets for Immutable X games, such as Gods Unchained, Guild of Guardians and Illuvium. This is of course in addition to other web3 games.

It’s also worth noting that all transactions will forgo fees and offer carbon-neutral minting using Immutable X’s Ethereum scaling.

Immutable, which is the company behind Immutable X, teamed up with GameStop in February to create a new gaming-focused NFT marketplace. Immutable had a valuation of $2.5 billion in March of this year, according to official data revealed by the same online publication that we mentioned above.

“Today’s launch of the GameStop NFT Marketplace means that we can now provide access to millions of additional NFTs, more of the top web3 games being developed today, while maintaining a best-in-class experience for players,” said Robbie Ferguson, president and co-founder of Immutable X, in a statement.

Other than this, the crypto market continues to shine, and also, crypto mass adoption has been going great at the end of 2022. There are also all kinds of optimistic prediciotns about the price of Bitcoin.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $20,595.

The popular crypto analyst and host of the InvestAnswers YouTube channel stated not too long ago that Bitcoin (BTC) could easily go on a 3x rally before the next halving event.

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