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Video Game Retail Giant Gamestop Reveals More Clues About Upcoming NFT Marketplace – Bitcoin News

At the tip of May, crypto advocates found a web site created by the online game retailer Gamestop. The net portal disclosed that Gamestop was coming into the world of blockchain tech and non-fungible token (NFT) property. Gamestop’s NFT net portal has just lately been up to date and is requesting creators to join the platform.

Gamestop NFT Website Hints at Upcoming Marketplace Launch

Gamestop (Nasdaq: GME) has had an fascinating yr, to say the least. It all began firstly of the yr in January, when the Reddit discussion board r/wallstreetbets sparked a Gamestop shares buying and selling conflict with Wall Street hedge funds. At the time, Goldman Sachs govt David Kostin stated “if the short squeeze continues, the entire market could crash.” After the Wallstreetbets fiasco fizzled out of the limelight, Gamestop has managed to stay related after going through chapter, and shares traded for $19.26 per unit on December 30, 2020. Today, those self same GME shares are swapping for $146.46 per unit, up 655.73% since that day.

Furthermore, Gamestop revealed a brand new NFT web site on the finish of May, indicating that the corporate was dipping its ft into the world of NFTs. Prior to the web site launch, on April 8, 2021, Gamestop disclosed it was hiring a safety analyst that has expertise with blockchain, cryptocurrency, and NFTs. The web site nft.gamestop.com didn’t give a lot data when it first launched however in the present day, Gamestop’s NFT net portal says it’s searching for NFT creators.

“Calling all creators,” Gamestop’s web site says. “Request to be a creator on the Gamestop NFT marketplace,” the brand new description provides.

Video Game Retail Giant Gamestop Reveals More Clues About Upcoming NFT Marketplace

The Gamestop NFT market seems to be prepping for launch and the creator sign-up type asks a lot of questions. The questionnaire asks what the NFT creator wish to be known as and whether or not or not they describe themselves as an “independent artist, creator, game dev, or meme lord.” Gamestop additionally asks if the particular person has a web site and if they’ve ever created an NFT. The Gamestop questionnaire additional asks the particular person if they’ve “ever used an Ethereum wallet before.”

Loopring Speculation

There’s a whole lot of hypothesis that Gamestop might be working with the layer two (L2) mission Loopring. At the tip of November, a Canadian reporter asked Loopring’s CEO Daniel Wang concerning the Gamestop hypothesis. After the reporter advised Wang that there’s been “a lot of rumors about a potential partnership with Gamestop” after which requested the CEO if the “potential deal” was reliable, Wang replied:

I can not touch upon that.

As of in the present day, Gamestop has not disclosed any extra details about the official market launch, the way it will work, or what initiatives the corporate is working with proper now. The Ethereum contract saved on Gamestop’s net portal and the brand new query about utilizing an Ethereum pockets has led many to consider the NFT market software program might be based mostly on the Ethereum blockchain.

Tags on this story
Daniel Wang, Ethereum, GameCease, Gamestop NFTs, GME, Hedge Funds, Loopring, nft, NFTs, Non-fungible Token, Security Analyst, Solidity, Wallstreetbets

What do you consider Gamestop updating the NFT web site and hinting about an upcoming market launch? Let us know what you consider this topic within the feedback part under.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com News concerning the disruptive protocols rising in the present day.




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