Gamestop’s NFT platform
GameStop plans to raise $ 100 million for game developers using an NFT marketplace and non-fungible tokens. This will transform Gamestop from a stock that is often used as a meme, into a company that specializes in cryptocurrency and Web 3 technology.
The platform, based on the Ethereum cryptocurrency blockchain platform, is expected to launch later this year. Unchanging X is the platform used to launch Gamestop NFT Marketplace. Unchangeable X, developed by Unchangeable, is intended to alleviate Etherium’s most notable flaws: its huge power consumption and high relative “gas fees” that can be extra when processing a transaction.
Collects hundreds of thousands of transaction records of a single transaction, writes transactions in the irreversible Etherium blockchain and promises to offset the environmental impact of its processes.
Unchangeable is the company behind the NFT trading card game Gods Unchained.
Convenience for unchanging X users
With Immutable’s existing partnership, the new GameStop initiative will receive an incentive from existing unchanging X users who can take advantage of the new Marketplace.
It also plans to set up a fund for immutable and gamestop developers. Other non-gaming partners such as TikTok use the unchanging X platform; However, Gamestop’s Marketplace is identifying itself as a place where gamers can buy and sell a variety of in-game assets, including digital assets, weapons and character skins.
Recent interest in gamestop
In his latest job ad, GameStop stated that it was interested in blockchain technology, announcing the need for “the head of Web3 gaming” and various NFT-related posts.
NFTs are often identified as a means of proving ownership of items within a game and allow players to trade items outside of an authorized market, such as an in-game auction house. Games like Axie Infinity, which uses a “play-to-earn” business model, also use cryptocurrencies and NFTs to drive an in-game economy.
Nevertheless, the benefits are sometimes exaggerated – in particular, the claim that they allow players to move items between games. This possibility is often complex and undesirable for a variety of reasons. Rami Ismail, a game developer, summarizes some of these difficulties in a Twitter thread.
Despite the criticism, some companies, including Ubisoft, continue to make NFT games, while others have scrapped plans to use NFT in games like STALKER 2 and Worms. Part of the reason for this is the criticism of the players, but the developers are not enthusiastic about it either – game developers have responded irresistibly negatively in a recent survey at the conference. GameStop partnering with blockchain-native games can avoid the reaction that publishers and studios follow with dubbing NFTs.
In what ways has Gamestop’s NFT marketplace influenced the industry?
Gamestop is not the first video game company to enter the NFT space. However, coming forward with such a large retailer in support of the NFT will probably encourage video game publishers to join. Assassin’s Creed publisher Ubisoft has already released its new gaming platform, Quartz, but there has been some backlash from fans. At the Shooter Ghost Recon Breakpoint, players will be able to trade skins, weapons and other items with other players using quartz and its NFT, called digits.
In addition, Square Enix is exploring the possibility of creating an NFT platform; The developer believes that there will be a bright future for blockchain and NFT video games. Jess K, a member of the board app, has identified video games as a major NFT trend for viewing NFTs in 2022, according to Creative Block. And so does Gamestop.
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