The launch of GameStop’s NFT marketplace on ImmutableX provides access to collectibles on an additional network.
GameStop now supports ImmutableX
GameStop is increasing its market for NFTs. Monday’s press release indicates that GameStop has introduced support for ImmutableX to their NFT marketplace. The extension is anticipated to reach tens of millions of customers and will provide access to Web3 games like Gods Unchained, Guild of Guardians, and Illuvium.
ImmutableX utilizes Ethereum’s Layer 2 technology. It is proud to offer gas-free and carbon-neutral NFT minting.
ImmutableX president and co-founder Robbie Ferguson, said that integration is an “important step forward as Immutable brings the next billion players to Web3 gaming.” He added that the integration would “provide access to millions of additional NFTs.”
Earlier this year, GameStop and ImmutableX established a collaboration that includes a $100 million grant fund to stimulate the development of new games. In addition, it offers connection between ImmutableX and the GameStop wallet, as well as activations for Immutable Games Studio.
In July, GameStop debuted its NFT marketplace with support for Loopring, another Etherem project occupying the Layer 2 region. Despite the fact that GameStop’s marketplace contains 818 Loopring collections and just 17 ImmutableX collections, ImmutableX enables access to NFTs that are directly linked with games as opposed to independent collectibles.
In total, GameStop now lists 102,100 NFTs, roughly twice as many as it did at the time of its introduction in July.
GameStop’s GME stock, which made headlines around the world in January because of a Reddit-led short squeeze organized by retail traders on the /r/wallstreetbets subreddit, has increased 14% in the last five days. However, this rise seems to be due to a normal market uptick rather than anticipation of its NFT features.