Video Game Retail Giant Gamestop Reveals More Clues About Upcoming NFT Marketplace – Bitcoin News

A website was created by Gamestop, a video-game retailer. Gamestop announced that it was entering blockchain tech as well as non-fungible tokens (NFT) assets via the web portal. Gamestop’s NFT web portal has recently been updated and is requesting creators to sign up for the platform.

Upcoming Marketplace Launch Hints for Gamestop NFT website

It has been an interesting year for Gamestop (Nasdaq : GME). The whole thing began in January when Reddit’s forum r/wallstreetbets started a Gamestop share trading war against Wall Street hedge funds. At the time, Goldman Sachs executive David Kostin said “if the short squeeze continues, the entire market could crash.” After the Wallstreetbets fiasco fizzled out of the limelight, Gamestop has managed to remain relevant after facing bankruptcy, and shares traded for $19.26 per unit on December 30, 2020. These same GME shares trade today for $146.46 per Unit, an increase of 655.73% from the day before.

Gamestop also launched a brand new NFT website in May. This indicated that it was getting into NFTs. Gamestop announced that it had hired a security analyst with experience in NFTs, blockchain and cryptocurrency prior to its website’s launch on April 8th 2021. The website didn’t give much information when it first launched but today, Gamestop’s NFT web portal says it is looking for NFT creators.

“Calling all creators,” Gamestop’s website says. “Request to be a creator on the Gamestop NFT marketplace,” the new description adds.

Video Game Retail Giant Gamestop Reveals More Clues About Upcoming NFT Marketplace

Gamestop NFT Marketplace appears to be in the midst of launching and asks several questions on its creator sign up form. The questionnaire asks what the NFT creator would like to be called and whether or not they describe themselves as an “independent artist, creator, game dev, or meme lord.” Gamestop also asks if the person has a website and if they have ever created an NFT. The Gamestop questionnaire further asks the person if they have “ever used an Ethereum wallet before.”

Loopring Speculation

There’s a lot of speculation that Gamestop will be working with the layer two (L2) project Loopring. At the end of November, a Canadian reporter asked Loopring’s CEO Daniel Wang about the Gamestop speculation. After the reporter told Wang that there’s been “a lot of rumors about a potential partnership with Gamestop” and then asked the CEO if the “potential deal” was legitimate, Wang replied:

That is something I can’t comment on.

Gamestop is yet to provide any additional information regarding the launch of the marketplace, its operation, and the projects it’s currently working on. The Ethereum contract stored on Gamestop’s web portal and the new question about using an Ethereum wallet has led many to believe the NFT marketplace software will be based on the Ethereum blockchain.

This story contains tags
Daniel Wang Ethereum GameStop NFTs Gamestop GME Hedge Funds Loopring nft NFTs NFTs Nfungible Token Security Analyst Solidity Wallstreetbets

How do you feel about Gamestop updating its NFT website? Do they hint at a future marketplace launch? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman is the News Lead for News. He also lives in Florida and works as a journalist covering financial technology. Redman is an active participant in the cryptocurrency community from 2011. Redman is passionate about Bitcoin and open-source codes. Redman is a prolific writer for News, with over 5000 articles on disruptive protocols.

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