GameStop Unveils New NFT Marketplace
July 11 2022 - 5:09PM
Dow Jones News
By Stephen Nakrosis
GameStop Corp. on Monday said it launched a non-fungible token
marketplace, which would "allow gamers, creators, collectors and
other community members to buy, sell and trade NFTs."
The retailer said its NFT marketplace was a "non-custodial,
Ethereum Layer 2-based marketplace," adding that parties will be
able to connect to their own digital asset wallets, including the
recently launched GameStop Wallet.
According to the company, the marketplace will expand
functionality to encompass other categories such as Web3 gaming and
other Ethereum environments.
Last month, The Wall Street Journal reported Microsoft Corp.
founder Bill Gates as saying he thinks cryptocurrencies and NFTs
are "100%" based on the greater fool theory. In May, the Wall
Street Journal reported that demand for NFTs seems to be
weakening.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
July 11, 2022 16:54 ET (20:54 GMT)
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