GameStop launches its NFT marketplace amidst crypto winter

The company launches its NFT marketplace despite the current downfall in the crypto market


Tech Desk July 12, 2022
PHOTO: Reuters

GameStop has announced the launch of its much-awaited debut for the NFT marketplace called the ‘public beta’.

To improve the business and generate revenue from the market of cryptocurrencies and blockchain technologies, Gamestop has launched its platform.

As of now, the users can use the platform to buy, sell and create NFTs. According to The Verge, there are more than 200 collections you can peruse and more than 53,000 NFTs listed on the marketplace.

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The users can connect their digital asset wallets to do the purchase. Hence, they can also connect the newly launched GameStop Wallet to manage the digital assets. With time, the marketplace will be expanded into areas like Web3 gaming.

While GameStop has launched its much-awaited debut NFT marketplace, the timing is quite questionable. Currently, the crypto market is going through a tough time as many firms are filing bankruptcy one after the other.

The crypto winter has been giving a tough time to its users.

Despite the current situation, GameStop has big plans ahead to attract as many users as it can.

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