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HomeNFTGameStop releases beta version of NFT marketplace

GameStop releases beta version of NFT marketplace

Months after announcing the idea of a non-fungible token (NFT) marketplace, video game retailer GameStop has released the beta version of its NFT marketplace.

The announcement comes just one month after GameStop announced a strategic partnership with Immutable X and a $100 million NFT fund.

The Loopring team announced on Medium on Wednesday, March 23, that the Beta version of the GameStop NFT marketplace was created with Loopring’s layer two (L2) ZK-rollup technology.

The beta version of Gamestop’s NFT market, beta.nft.gamestop.com, is now online, according to the Loopring team.

According to Loopring’s director of growth, Adam Browman, GameStop seeks to give “quick, affordable, and secure” access to digital ownership for the public via its NFT marketplace.

Browman adds that by integrating with Loopring, the GameStop marketplace would let users mint NFTs directly on Loopring L2 for “fractions” of the costly gas fees associated with minting on Ethereum L1, which is less than $1.

Despite the fact that the marketplace was initially limited in functionality, users may now link an Ethereum wallet to the site and contribute money via Loopring’s layer-2 scaling solution. However, there is currently no NFT trading functionality.

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Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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