Gaming Giant GameStop Rolls Out Its Beta NFT Marketplace

GameStop, an American-based video game retailer founded in 1984, has recently rolled out its new highly-anticipated non-fungible token (NFT) marketplace that will allow players, collectors, and creators to sell, buy, and trade NFTs of virtual goods.

According to the official announcement issued on July 11th, GameStop’s beta marketplace, bringing higher speeds and lower fees, provides its users the ability to connect their GameStop Wallet or any other digital asset wallet, including MetaMask and WalletConnect.

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The non-custodial NFT marketplace, initially announced way back in February, currently has 236 NFT collections and offers over 53k NFTs, already including some funny and "meme-worthy" cat and monkey-themed collections. The NFTs are supposedly featured on the ETH-based application’s main screen.

On top of that, the company is also planning to introduce new features in its NFT marketplace in the near future, including a number of Web3-based games.

In fact, the news arrives right after last week the gaming firm lost its CFO Mike Recupero, who supposedly wasn’t able to sufficiently meet the firm's cultural needs. GameStop also mentioned that it would be reducing its headcount by laying off an undisclosed number of employees in order to eliminate excess costs.

Earlier in May, GameStop fired up its own non-custodial Ethereum (ETH) wallet, functioning on the Loopring Layer-2 scaling protocol and storing NFTs, ERC-20 tokens, as well as Ether (ETH).

The price of GameStop’s stock GME is currently sitting at $130.09 per share, climbing 1.55% over the past 24 hours.

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