GameStop has finally fixed a launch date for the release of its much-talked-about NFT marketplace.
The American video game and gaming merchandise retailer revealed in its Q4 financial report that it will be launching its highly awaited non-fungible tokens (NFTs) marketplace by the end of Q2 2022.
If all goes as planned and GameStop stays true to its word, the NFT marketplace will go live by June this year.
In the last 24 hours, bitcoin has been down by 0.9%, with a current price of $40,692.75 as of the time of writing this. Within 24 hours, bitcoin experienced a $40,311.23 low and $41,058.00 high. The trading volume of bitcoin in the last 24 hours is $25,788,985,769. The current market capitalization of bitcoin is $772,630,398,476. Currently, $18.98M bitcoins are in circulation.
Stats and Image from Coin Gecko
GameStop’s NFT marketplace plans have been on for some time. The firm tapped Immutable X, a layer-2 scaling solution for fast transactions on Ethereum, to assist with the launch.
As part of the benefits of the partnership, $100 million funding is said to be released to NFT game developers using the new marketplace to create NFT games.
GameStop hard initially hired over 20 experts to spearhead a new department that will build its NFT platform in January.