MiscellaneousNews

GameStop is Planning to Build a NFT Marketplace called Immutable X

NFTs are blowing up big time in 2022 … and it will continue to do so! Don’t wait … get yourself involved!

Taken from Engadget … As reports suggested last month, GameStop is getting into NFTs (non-fungible tokens). The company has partnered with Immutable X to build a marketplace for NFTs, which they expect to open up later this year. 

People will be able to buy and sell NFTs linked to digital assets for use in various games. The items will include things like virtual real estate, character skins and weapons, according to The Verge.

Immutable X is based on the Ethereum blockchain, which requires significant energy consumption and high gas fees (a cryptocurrency payment that’s required to carry out an Ethereum transaction). The platform claims to diminish those drawbacks by combining many NFT sales into a single Ethereum transaction and buying carbon offsets. As such, Immutable X, whose partners include some blockchain games and TikTok, promises zero gas fees and carbon-neutral NFTs.

GameStop and Immutable X are hoping to entice game developers to use the marketplace with the help of a $100 million fund. Whether developers and studios will bite en masse remains to be seen.

Read the rest from Engadget

Check out our very own NFT collection … https://rarible.com/nucleus

 

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