GameStop Partners with Immutable X for NFT Marketplace
GameStop has partnered with Immutable X to release a nonfungible token (NFT) marketplace in the year and. Immutable & GameStop are now also launching a $100 million fund to help studios and game developers established on Immutable X as well as the NFT market.
In doing just that, it risks enraging hardcore fans and game developers who’ve already conveyed (to put it mildly) their discontent on social networking sites that NFTs are all either deceiving or a money grab. It’s unclear how GameStop consumers will respond, as most are die hard gamers who really don’t like NFTs, but so many GameStonk shareholders (who tried to push GME’s price of the stock to well more than $100 on the power of memes) have decided to embrace radical new owning speculations.
GameStop will be using the liquidity framework of Immutable, a Sydney, Australia-based company that has developed the Immutable X platform to power NFT markets.
The Immutable X protocol, according to GameStop, will allow rapid, extra affordably priced, carbon-neutral, and well almost unlimited transactions on GameStop’s NFT marketplace, which has been built for the release of gaming developer-focused NFT initiatives. Immutable X is a covering on the Ethereum protocol that ensures protection for exchanges on the blockchain’s reliable and secure public ledger.
Immutable X will allow game developers to trade and mint NFTs in a carbon-neutral environment while retaining high transaction rates as well as 0 gas service charges.
According to GameStop, devs have previously been questioned to start creating in-game items that gamers can genuinely possess due to restrictive gas service charges. By leveraging Immutable X, GameStop hopes to gain access to Ethereum’s prevailing and direct ecosystem of NFTs even without hefty fees.
Immutable is thrilled to be collaborating with GameStop and other leading gaming publishers to provide legitimate authority to players. Playing games is now stronger than music and films coupled, however the effort and cost invested by gamers cannot be converted into actual economic value. In collaboration with Immutable, GameStop does have the chance to build itself as the final destination for another paradigm of playing games: truthful in-game sectors of the economy which facilitate permissionless possession of in-game goods and value gamers for their time.
GameStop’s NFT marketplace could very well bring the power of a huge community to its over 50 million users as well as every developer who starts up on it, and their technology will make it quicker, simpler, and much more reasonably priced to do so – all while remaining carbon-neutral.
