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Video game retail giant Gamestop reveals more clues about the upcoming NFT marketplace – – Crypto News

In late May, crypto advocates spotted a website owned by video game retailer Gamestop. The web portal announced that Gamestop is entering the world of blockchain technology and non-fungible tokens (NFT). Gamestop’s NFT web portal has recently been updated to encourage developers to sign up for the platform.

Gamestop NFT website launch announcements

Game stop (Nasdaq: GME) has had an interesting year to say the least. It all started early in January when the Reddit forum r / wallstreetbets sparked a trade war in Gamestop stocks with Wall Street hedge funds. Back then, Goldman Sachs was head of David Kostin said “If the short squeeze continues, the entire market could collapse.” After the Wallstreetbets fiasco failed out of the spotlight, Gamestop managed to stay relevant after bankruptcy, and shares were priced at 19.26 on December 30, 2020 USD traded per unit. Today the same GME stock trades for $ 146.46 per unit, up 655.73% since that day.

In addition, Gamestop is revealed A new NFT website in late May, suggesting the company is diving into the world of NFTs. Before the website launch on April 8, 2021, Gamestop disclosed it hired a security analyst who has experience with blockchain, cryptocurrency, and NFTs. The website wasn’t much information when it first launched, but today Gamestop’s NFT web portal says it is looking for NFT creators.

“Call to all creators,” says the Gamestop website. “Apply to be a creator on Gamestop’s NFT marketplace,” says the new description.

The Gamestop NFT marketplace appears to be gearing up to launch and the developer sign-up form asks a number of questions. The questionnaire asks what the NFT creator would like to be called and whether he describes himself as an “independent artist, creator, game developer or meme lord”. Gamestop also asks if the person has a website and if they have ever created an NFT. The Gamestop questionnaire asks the person whether they have “used an Ethereum wallet before”.

Loop ring speculation

There is a lot of speculation that Gamestop will partner with the Layer 2 project (L2) Loopring. In late November, a Canadian reporter did asked Looprings CEO Daniel Wang on the Gamestop speculation. After the reporter told Wang that there were “many rumors of a possible partnership with Gamestop” and then asked the CEO if the “possible deal” was legitimate, Wang replied:

I can not say anything about this.

To date, Gamestop has not released any further information about the official launch, how it will work, or what projects the company is currently working on. the Ethereum contract which are stored on Gamestop’s web portal and the new question of using an Ethereum wallet has led many to believe that the NFT marketplace software will be based on the Ethereum blockchain.

What do you think of the fact that Gamestop is updating the NFT website to suggest an upcoming launch? Let us know what you think on this matter in the comments below.

Video game retail giant Gamestop reveals more clues about the upcoming NFT marketplace – – Crypto News, Crypto Trading News

Jamie Redman

Jamie Redman is the News Lead at News and a Florida-based financial tech journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 5,000 articles for News on the disruptive protocols emerging today.

Photo credits: Shutterstock, Pixabay, Wiki Commons

Source: Crypto News Austria

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