Gaming giant GameStop is set to venture into the NFT space through its GameStop NFT marketplace, where users can browse and purchase gaming NFTs which can later be traded on leading marketplace platforms.
The soaring popularity of NFTs has prompted many leading game companies to integrate non-fungible tokens as essential in-game items. This gave birth to the concept of play-to-earn games, a genre that allows users to earn and trade NFTs in-game.
So, when can we expect the GameStop NFT marketplace to release?
GameStop NFT Release Date
GameStop has yet to give an official release date for its NFT marketplace, but the website is already live.
On the website, the company included an open call for people wanting to join its NFT team, indicating that development is still ongoing.
For example, a job listing inviting applications for software development suggests that Gamestop's NFT project needs more time to complete.
A previous rumour speculated the NFT marketplace would launch on July 14, but this never came to fruition.
Creating an NFT marketplace comprising Web3 functionalities is usually a time-consuming process, so it may take a while.
What is Gamestop NFT?
The page also highlights some minor details used by GameStop in an attempt to separate itself from other NFT marketplaces. The page mentions that Gamestop NFT marketplace intends to return power to the creators, players, and collectors, allowing them to take charge and oversee the marketplace functionalities.
CryptoSlate previously reported that the Loopring project might be an essential part of the Gamestop NFT marketplace venture. Speculation regarding Loopring's involvement was highlighted via the GitHub repository which had amended Loopring code in the NFT-DEV branch that contains references to GameStop.
GameStop's teaser page also includes an Ethereum smart contract address, which all but confirms the marketplace will run using Ethereum. This makes sense given the majority of NFTs already run on the Ethereum blockchain.
Additionally, the Gamestop NFT marketplace may also seek compatibility with Layer-2 Ethereum products. This may help the gaming giant to move past the technical regulations and add lower-cost tariffs to attract users.