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GameStop prepares to launch NFT market…Details here

GameStop prepares to launch NFT market…Details here

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Answer GameStop prepares to launch NFT market…Details here

Last year, retail investors rebounded GameStop shares as they moved toward slow death under the clutches of greedy Wall Street hedge funds.

Now, GameStop wants to give back and make the most of this second opportunity, by launching the NFT Marketplace to serve gamers, crypto lovers and tech enthusiasts.

On March 17, the American video game trading company GameStop revealed its intention to launch the NFT platform by the end of the second quarter of 2022.

According to the company’s first quarter report, the platform will be powered by “Immutable X,” a layer two protocol running on the Ethereum network, allowing for instant NFT exchange with scalability of 9,000 transactions per second, without charging users any fees.

Read:DGB rises 35% after announcing its listing on Binance

GameStop prepares for the launch of the NFT market:

On February 3, GameStop announced that the new platform would be launched by the end of 2022.

But according to the new report, the launch date has been changed to late July this year.

On the other hand, “GameStop” announced the creation of a $150 million fund of IMX tokens, the official cryptocurrency of “Immutable X” that will be delivered to the company upon reaching the set goals.

A portion of this money will also be used to provide financial support to content creators and developers of the platform.

GameStop has already hired dozens of people specializing in games, blockchain, e-commerce, and various other areas of technology, so perhaps the new platform could arrive sooner than expected.

Read:IBM and SoftBank partner to launch a blockchain-based payments system

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