GameStop has partnered with metaverse coin Immutable X (IMX) for its NFT marketplace. The company first launched its market this year with support for IMX’s rival network, Loopring (LRC). This new support for ImmutableX will give customers access to the best Web3 games and millions of NFTs.
GameStop signs metaverse coin IMX
The famous company seems to be trying to expand its NFT marketplace. GameStop launched the NFT market on ImmutableX. Thus, it provided an additional branch of network access to the collections. According to a press release on Monday, GameStop has added support for ImmutableX in the NFT market. The expansion is expected to reach tens of millions of customers. Users will get access to major Web3 games such as Gods Unchained, Guild of Guardians and Illuvium.
ImmutableX uses Layer 2 technology on Ethereum. It offers carbon neutral NFT mining without gas fees. Robbie Ferguson, president and co-founder of ImmutableX, made a statement on the integration. He said this development is “an important step forward” as “Immutable brings billions of users to Web3 games”. He added that the integration will “provide access to millions of additional NFTs.”
IMX and GameStop announced a $100 million grant
cryptocoin.com As we reported, GameStop and ImmutableX announced a partnership earlier this year that includes a $100 million grant fund to encourage the production of new games. It also provides integration between ImmutableX and GameStop wallet and activations provided for Immutable Games Studio.
GameStop launches NFT marketplace with Loopring
GameStop launched the NFT marketplace in July with support for Loopring, another Ethereum project prominent in the layer 2 space. GameStop has a collection of 818 Looprings in its market. Currently, there are only 17 ImmutableX collections available. However, ImmutableX provides access to NFTs directly integrated with games as opposed to standalone collections. GameStop now lists 102,100 NFTs in total, which is almost double the number of assets it listed at the time of its July launch.
Gamestop had attracted attention as a result of a move on Reddit in January 2021. It gained momentum as retail traders weighed in on GameStop shares on the r/wallstreetbets subreddit. It made worldwide headlines in January for the Reddit-led short squeeze. GameStop’s GME share has risen 14 percent over the past five days. However, this rally appears to be due to a steady increase rather than NFT marketplace news.
So, what about the coins of the projects that GameStop announced cooperation? Currently, IMX is changing hands at $0.58, down 0.9 percent. On the other hand, LRC is trading at $0.27, up 0.2 percent.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.