In conjunction with Immutable X, GameStop is footing $100 million to create an NFT marketplace.
Rumors of this happening were first suggested in October 2021, when eagle-eyed observers noted some amended code in a Loopring Github commit.
Although it drew little attention at the time, now the plans have been confirmed, critics are circling to vent their disapproval. They label the move “desperate,” and an ill-fated attempt to stay relevant.
Regardless of that, NFT gaming is on the rise. Research conducted by the Blockchain Gaming Alliance showed NFT games generated revenue of $2.32 billion in Q3 2021. This accounted for 22% of all NFT trading volume in the quarter.
The co-founder of OneRare, Supreet Raju, said this is not an extension of gaming. Instead, it’s a disruption that will redefine the entire gaming industry.
GameStop NFT marketplace launches later this year
As more people buy games online, game retailers are increasingly feeling the pinch. In a bid to diversify its busin
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