The firm included web3 initiatives and its NFT platform in its 10-K disclosure filing as part of 'new growth opportunities.'
GameStop intends to launch its forthcoming non-fungible token platform by the end of Q2 2022.
The firm announced its plans in its Q4 2021 earnings call today and included the plans in its 10-K disclosure filing as part of"new growth opportunities." "As we scale and expand our core offerings we will simultaneously invest in additional growth, including blockchain, digital assets ), Web 3.0 technology, and new destination formats for our stores," said the filing.
GameStop partnered with Immutable X in January of this year to build out the NFT marketplace. Digital Worlds plans toup to $100 million in IMX tokens to NFT creators and up to $150 million to GameStop itself as it meets certain milestones, according to the terms of the deal. Immutable X is an Ethereum Layer 2 network for NFTs built with StarkWare's ZK-rollup technology, which purports increased scalability and lower gas fees.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
'ApeCoin' tied to Bored Ape NFT ecosystem debuts with planned community airdropA long-rumored crypto token tied to the Bored Ape NFT community was unveiled on Wednesday.
Leer más »
Jay-Z and Damon Dash Talk Settlement to End NFT FightRoc-A-Fella has argued that its co-founder’s one-third ownership of the label doesn’t give him a right to sell off its “most prized asset.”
Leer más »
SCMP Spinning Off NFT Business Into New Firm ‘Artifact Labs’.SCMPNews has found selling NFTs of its front pages to be a successful business. Now it's spinning off the division into its own company. thesamreynolds reports
Leer más »
Nansen's indexes reveal insightful trends in the NFT spaceThe analysis reveals that the NFT-500 index across the period Jan 1st to March 9th 2022 increased by 68.5% when denominated in ETH, and recorded a 20.9% gain when measured in USD.
Leer más »
NFT Finance Part 1: Demand is exploding for loans backed by NFTsNFT lending lets traders take out loans putting up their NFTs as collateral. And it’s actually taking off.
Leer más »
Blocto Crypto Wallet to Launch NFT Store Together with Yahoo TaiwanCrypto ecosystem for various coins and NFTs Blocto scored important partnership in Taiwan
Leer más »