Monday, January 17, 2022

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

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At the tip of May, crypto advocates found an internet site created by the online game retailer Gamestop. The internet portal disclosed that Gamestop was getting into the world of blockchain tech and non-fungible token (NFT) belongings. Gamestop’s NFT internet portal has not too long ago been up to date and is requesting creators to enroll in the platform.

Gamestop NFT Website Hints at Upcoming Marketplace Launch

Gamestop (Nasdaq: GME) has had an attention-grabbing 12 months, to say the least. It all began in the beginning of the 12 months 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 mentioned “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 toes 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 didn’t give a lot data when it first launched however immediately, Gamestop’s NFT internet portal says it’s on the lookout 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 variety of questions. The questionnaire asks what the NFT creator want 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 individual has an internet site and if they’ve ever created an NFT. The Gamestop questionnaire additional asks the individual if they’ve “ever used an Ethereum wallet before.”

Loopring Speculation

There’s loads of hypothesis that Gamestop might be working with the layer two (L2) undertaking Loopring. At the tip of November, a Canadian reporter requested 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 reputable, Wang replied:

I can’t touch upon that.

As of immediately, 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 internet portal and the brand new query about utilizing an Ethereum pockets has led many to imagine 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 concentrate on Gamestop updating the NFT web site and hinting about an upcoming market launch? Let us know what you concentrate on this topic within the feedback part beneath.

Jamie Redman

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

Image Credits: Shutterstock, Pixabay, Wiki Commons

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