Video Games

Retail Giant Gamestop Reveals More Evidence About Upcoming NFT Market – Bitcoin News

 

At the end of May, crypto advocates discovered a website created by video game dealer Gamestop. The web portal revealed that Gamestop was entering the world of blockchain technology and non-fungible tokens (NFT). Gamestop’s NFT web portal was recently updated and requires creators to sign up for the platform.

Gamestop NFT hints at the upcoming market launch

Gamestop (Nasdaq: GME) has had an interesting year, to say the least. It all started at the start of the year in January, when Reddit forum r/wallstreetbets sparked a war over trading Gamestop stock with Wall Street hedge funds. At the time, David Kostin, CEO of Goldman Sachs, said: “If the short squeeze continues, the entire market could collapse.” After Wallstreetbets fell out of the limelight, Gamestop managed to maintain its relevance after facing bankruptcy, and shares traded for $19.26 per unit on December 30, 2020. Today, GME shares themselves are exchanging for $146.46 per unit, up 655.73% since then. today.

Furthermore, Gamestop revealed a new NFT website at the end of May, indicating that the company was diving into the world of NFTs. Prior to the website’s launch, on April 8, 2021, Gamestop revealed that it was hiring a security analyst with expertise in blockchain, cryptocurrency, and NFTs. The website nft.gamestop.com didn’t provide much information when it first launched but today, Gamestop’s NFT web portal says it is looking for NFT creators.

The Gamestop website says “Calling All Creators”. The new description adds: “Ask to be a Content Creator on Gamestop NFT Marketplace.”

Retail giant Gamestop reveals more clues about upcoming NFT market

Gamestop NFT Marketplace appears to be preparing for launch and the creator registration form is raising a number of questions. The survey asks what the creators of the NFT would like to be called and whether or not they describe themselves as an “independent artist, creator, game developer or meme master”. Gamestop also asks if the person has a website and if they have created an NFT. The Gamestop survey also asks the person if they have “used an Ethereum wallet before.”

recurring speculation

There is a lot of speculation that Gamestop will work with the Layer 2 (L2) Loopring project. At the end of November, a Canadian reporter asked Loopring CEO Daniel Wang about the Gamestop speculation. After the reporter told Wang that there were “a lot of rumors about a potential partnership with Gamestop” and then asked the CEO if the “potential deal” was legitimate, Wang replied:

I can not comment on that.

As of today, Gamestop has not revealed any other information about the official market launch, how it will work, or the projects the company is currently working with. The Ethereum contract stored on Gamestop’s web portal and the new question about the use of the Ethereum wallet have prompted many to believe that the NFT marketplace program will be based on the Ethereum blockchain.

Tags in this story

Daniel Wang, Ethereum, GameStop, Gamestop NFTs, GME, Hedge Funds, Loopring, nft, NFTs, Non-fungible Token, Security Analyzer, Solidity, Wallstreetbets

What do you think of Gamestop’s update of the NFT website and hint about the upcoming market launch? Tell us what you think about it in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at Bitcoin.com News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




photo credits: Shutterstock, Pixabay, Wikicommons

disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the Company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Leave a Reply

Your email address will not be published. Required fields are marked *