GAMESTOP NFT MARKETPLACE PLAN ANNOUNCED

As has now been announced, the video game retailer would like to approach NFTs more and build its own NFT marketplace. With the announcement from the GameStop NFT marketplace, the share experienced a little hype.

The plan for the GameStop NFT marketplace envisages a partnership with two companies from the crypto industry. As a result, in addition to competence in implementation, empirical values should also play an important role.

In addition, investments are to be made in the development of games based on blockchain and NFT technology. The GameStop NFT marketplace is intended to create an entire ecosystem that is directly linked to the gaming industry.

CEO and Director Matt Furlong said in December 2021:

We continuously analyze emerging opportunities in the areas of blockchain, NFTs and web 3.0 gaming.

Web 3.0 Gaming

But what exactly is Web 3.0 gaming and how does it relate to the GameStop NFT marketplace? The essential factor in Web 3.0 Gaming is that the games are offered completely free of charge via online platforms.

Visiting a video store used to be quite normal, nowadays almost all content is digital. This new competitive structure allows completely new incentives to be set. In addition to playing for free, it was also possible to win certain items.

The GameStop NFT marketplace can be used in the long term to use values that are secured via blockchain technology in games. As a result, the reason you play a game could not only be to have fun, but also to be an incentive to earn something.

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