According to a statement released by the firm today, GameStop has started its NFT market.
GameStop has started an open beta test for its NFT marketplace, which initially supports collectibles made of digital art.
The marketplace is a “non-custodial, Ethereum Layer 2-based marketplace,” according to the business. In particular, the Loopring is the foundation of the market.
The marketplace is promoted in GameStop’s release as a way “to genuinely own… digital assets, which are “represented and safeguarded on the blockchain.” Users can link their various crypto wallets, including GameStop Wallet, to the website.
On the website, there are already 236 NFT collections and 53,300 NFTs displayed. Despite the fact that GameStop presently only supports NFTs created on its own platform, it offers collections that can be found on other online stores like OpenSea.
GameStop has produced two NFTs that are not currently on the market as a way to mark the opening of the marketplace.
Early reports suggested that GameStop will include NFTs with video games, however that functionality is not yet accessible. Instead, the business plans to expand the platform in the future to support Web3 games and additional Ethereum layers.
NFTs connected to games like Illuvium, Gods Unchained, Guild of Guardians, Ember Sword, and Planet Quest will specifically be accessible through a future Immutable X upgrade.
Over the previous several months, a number of other video game firms have explored NFTs, but GameStop was one of the most anticipated corporations to do so due to its status as a “meme stock” in early 2021.