Simply put, it looks like the firm is preparing for a major step in the crypto direction. In February, GameStop, one of the original meme stocks, said it would be partnering with layer 2 system Immutable X for the launch of its NFT plans. After tipping off its plans for the metaverse in a Web 3 job posting in October, GameStop is partnering with Immutable X for the launch of its non-fungible token (NFT) marketplace. GameStop's resurgence campaign continues, with the company officially announcing plans to launch its new NFT marketplace on Immutable X. By Samson Olatinwo. According to its Q1report, the marketplace would be powered by Immutable X, a Layer 2 protocol running on the Ethereum network, allowing NFT to be exchanged instantly with a transaction scalability . Possible DD: Robinhood's entrance into the extremely lucrative NFT space has my TITS JACKED. Shares of the beleaguered gaming retailer were up about 20% in New York premarket trading Friday, continuing the momentum of after-hours activity that followed Thursday's close. GameStop is partnering with blockchain startup Immutable X to launch its non-fungible token (NFT) marketplace later this year, as it looks to take advantage of the booming market and complement . GameStop is currently in the process of building an NFT marketplace and expanding its crypto partnerships. As part of the deal, both parties created a $100 million fund. One of them is the construction and launch of the GameStop NFT Marketplace by the conclusion of GameStop's fiscal Q2 2022. In this report supposedly, the much-loved video game store has decided to launch its NFT Marketplace. Power to the collectors.". Shares of the beleaguered gaming retailer . Much of GameStop's most recent plans for the NFT marketplace were shared as part of its Q4 2021 earnings results. GameStop has published its Q4 fiscal year 2021 results. They usually garner much interest when incorporated with games, mainly because of their ability to generate play-to-earn concepts. GameStop has been eyeing NFT for a while. It turns out that both layer-2 tech providers will be part of GameStop's NFT plans. GameStop aims at NFT marketplace. The company said it will launch an NFT marketplace (of course this is happening) by the end of the second quarter of fiscal year 2022, which is set for July. The announcement comes one month after GameStop announced a strategic partnership with Immutable X and revealed a $100 million NFT fund. NFT Marketplace. Included in the release of today's GameStop Q4 2021 financial results was the reveal of GameStop's intended launch deadline for the incoming GameStop NFT Marketplace. January 23, 2022 by metaverseisfuture. 2 Mins read. WHAT IS THE GAMESTOP NFT MARKETPLACE. Working as a top-tier video game and gaming merchandise retailer from the United States, GameStop Corp has locked a deal with NFT firm, Immutable X Pty Ltd. to launch a NFT marketplace for users. It was designed by Immutable, the company behind the NFT trading card game Gods Unchained, and built using the Immutable X platform, which is based on the Ethereum blockchain. GameStop, a gaming merchandise retailer, has updated a subdomain for its upcoming marketplace of non-fungible tokens. Feb 3 (Reuters) - GameStop Corp (GME.N) is partnering with blockchain startup Immutable X to launch its non-fungible token (NFT) marketplace later this year, as it looks to take advantage of the . Video game retailer GameStop is embracing the crypto world as it increasingly pivots its business away from physical goods, and its long-teased NFT marketplace is finally taking shape. As reported by blockchain.News on March 18, in its fiscal fourth-quarter earnings report, GameStop announced that it plans to launch a non-fungible token (NFT) marketplace by the end of the second . On March 17, American video games retailer GameStop revealed its intentions to launch an NFT Marketplace by the end of the second quarter of 2022. After announcing the marketplace's beta launch, GameStop's stock GME went on an upward trajectory, gaining 14.50% over the past 24 hours. CHWY. While GameStop prepares to launch its NFT marketplace in Q2 2022, it looks like the foundation is already in place with a new website. Shares of the beleaguered gaming retailer were up about 20% in New York premarket trading Friday, continuing the momentum of after-hours activity that followed Thursday's close. The Q4 earnings report for GameStop revealed the proposed move to launch the NFT marketplace towards the end of July. 1. "GameStop is in a very unique position, because a lot of these NFT projects are starting to add gaming utility behind . By Rahul Nambiampurath on March 23, 2022. GameStop will focus on attracting developers and players to use its marketplace, with the aim of . GameStop to Launch NFT Marketplace. GameStop reported that it will launch its NFT marketplace by the end of Q2, hopefully in July. WhileAlthough nothing has been confirmed, it is believed that the price of LoopringIn the last month, it has risen by over 80%. Hints were first made earlier this . GameStop has been eyeing NFT for a while. The website also features an address of a smart contract that will issue the gamestop . GameStop (GME) said in its fiscal fourth quarter earnings report that it intends to launch an NFT marketplace by the end of April. GameStop's plans for an NFT marketplace were silently in the works back in December of 2021, and it was officially announced alongside its partnership with Immutable. The GameStop NFT marketplace is set to launch later this year. For quite some time, GameStop has teased intentions for an NFT Marketplace. NFTs have become a hotly debated topic. One of them is the construction and launch of the GameStop NFT Marketplace by the conclusion of GameStop's fiscal Q2 2022. Things came to the limelight last year in October when it listed several job openings for Web 3.0 and NFT-experienced software engineers and product marketers. 20% APY. The company very secretly constructed a website of barebones NFT in the second half of 2021. "GameStop is in a very unique position, because a lot of these NFT projects are starting to add gaming utility behind . 0:00 / 13:47 •. A cryptocurrency wallet is a piece of software or hardware, that allows users to store, access, and use their digital assets such as Ether, ERC-20 tokens, and NFTs. Updated: March 19, 2022. GameStop is wading into the world of NFTs and cryptocurrency. OpenSea, the best-known NFT marketplace, was recently valued at $13.3 billion by investors. That's because, in early February, GameStop said that rival layer-2 solution Immutable X would power the NFT marketplace. In its fiscal fourth-quarter earnings report, GameStop, a major US video game and electronics retailer, announced that it plans to launch a non-fungible token (NFT) marketplace by the end of the second quarter (the end of July this year). Photo by Sean Hollister / The Verge. NFTs are hot in the crypto world right now. GameStop Corp. reported a surprise loss during the holiday quarter and said it would launch a marketplace for nonfungible tokens . The GameStop NFT marketplace is set to launch later this year. Today, Kinguin is launching its NFT marketplace, in partnership with Immutable X. GameStop's NFT Marketplace As per the story published by a news agency, over 20 people are already recruited by the organization for keeping a watch on the unit, having the accountability for the development of an online hub for selling and purchasing as well as for the trade of NFTs associated with the digital artifacts of the video game . Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.. For quite some time, GameStop has teased . One of the world's largest video game retailers, the company is looking to fill no less than eight job listings. Taking to medium on Wednesday, March 23, the Loopring team announced that the Beta version of the GameStop NFT marketplace was built . Recently, there has been a variety of companies transitioning into the world of NFTs by integrating their business with NFT - an example is the Nike brand. This followed a mixed bag of an earnings report . TJ Denzer March 23, 2022 9:05 AM The firm's financial results included an announcement that its highly-anticipated NFT marketplace is expected to launch "by the end of the second quarter of fiscal year 2022." This gives GameStop until June 30 to come good on its promise. GameStop With an NFT Marketplace According to GameStop's announcement, Immutable X […] The NFT Marketplace is a reliable NFT space for everyone to explore what they wa However, as per the tweet by Mr. Ferguson, the four major NFT-focused marketplaces, including GameStop's initiative, are likely to be integrated with Immutable X's open order book within the next 8 to 12 weeks, or between the . But for real, this is so fucking funny that they put out an NFT marketplace before Gamestop's. I didn't even know they were doing this. The firm partnered with layer-2 system Immutable X to launch its NFT plans earlier this year. Shares of GameStop were falling almost 10% in post-market trading on Thursday. Soon after this news, GameStop's share price rose 20%. GameStop Market Performance. Last month, GameStop partnered with Immutable X, a blockchain firm, to build a marketplace for NFTs, which they expected to roll out later this year. GameStop reveals that they will be partnering with the Australian blockchain startup Immutable to launch an NFT marketplace. In its earnings release, GameStop said the partnership would provide it with up to $150 million in Immutable X IMX tokens upon achievement of certain milestones. A crypto wallet also allows you to interact with decentralized applications (dapps) - just like this marketplace! The strategic partnership is aimed to help the participating entities in exploiting the potential of the fast-growing NFT cluster with the new NFT ecosystem. March 17, 2022, 1:40 PM PDT Updated on March 17, 2022, 2:42 PM PDT. The partners plan to use the pool "for grants to creators of NFT content and technology, enabling creators to leverage all the benefits the leading L2 Ethereum brings at Immutable X," said the team. Despite GameStop's mixed Q4 financial results, the video game retailer did offer up at least one highlight for crypto enthusiasts. Welcome to bulliscoming media, another notable project that's been gaining much attention in the NFT space is the Gamestop NFT marketplace. After a wild 2021 for the video game . The timeline for launching its NFT Marketplace was disclosed on the announcement of its Q4 2021 earnings . With a Q2 2022 launch in mind, we expect many more details will come out sooner than later. Included in the release of today's GameStop Q4 2021 financial results was the reveal of GameStop's intended launch deadline for the incoming GameStop NFT Marketplace. GameStop Corp's stock rallied on Friday after the videogame retailer's plan to expand its NFTs marketplace and partner with crypto firms, surfaced online . "GameStop's NFT marketplace will bring the power of an insanely strong community to its over 50 million users and every developer that launches on it, and our technology will make it faster . According to a new industry report published by . No other details were found on the page apart from the wallet . GameStop is up to creating co-partnerships with two crypto companies. The NFT Marketplace is a digital platform that allows users to buy and sell NFTs. Power to the creators. Furthermore, GameStop and Immutable said they will launch a $100m IMX pool. Following the announcement, the video game retail company's stocks rapidly surged by more than 16%. After a wild 2021 for the video game . GMEdd.com first unearthed the existence of GameStop's Official NFT project in May 2021 upon discovering a website that didn't detail much besides . WHAT IS THE GAMESTOP NFT MARKETPLACE. GameStop's stock surges to 7% higher with a report of its NFT marketplace. They usually garner much interest when incorporated with games, mainly because of their ability to generate play-to-earn concepts. GameStop is currently in the process of building an NFT marketplace and expanding its crypto partnerships. Report: DApp daily users surge to 2.4M in Q1 2022 despite headwinds By Cointelegraph - Apr 06, 2022. March 19, 2022. Today, the retailer launched a limited-functionality beta, built on Ethereum scaling provider Loopring.. Users can now connect an Ethereum wallet (like MetaMask) to the platform and add funds via Loopring's . GameStop, as such, has been working on an NFT marketplace for quite some time now. GameStop shares jumped as much as 20% Friday morning after the Wall Street Journal reported the company is creating a nonfungible token, or NFT, marketplace. GameStop Integrates Loopring to Launch its NFT Marketplace. One of the original meme stocks, GameStop said that it would team up with layer 2 system Immutable X as a part of its plans on launching the NFT marketplace. (Bloomberg) -- GameStop Corp. plans to launch a marketplace for nonfungible tokens for gamers by the end of the year, according to a person familiar with the matter. The marketplace will use the zk-Rollup technology to power its transactions, allowing trades at low cost and high speed. Gamestop has posted a number of crypto-first job adverts. Seeing this, the GameStop company has decided to branch into this aspect to generate more sales and hopefully turn around a streak of . GameStop, the nostalgic haven for film and video game rentals, has officially released the beta version of its NFT marketplace, with its full launch expected to come soon. GameStop announced its timeline for launching its NFT Marketplace via its Q4 2021 earnings release on March 17, 2022. The community already looks forward to its launch. 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