Gaming giant GameStop (GME) launched its own non-fungible token (NFT) market on July 11. The new NFT market aims to offer low fees and high speeds.
Market users can buy, sell, trade and create NFTs. The marketplace features functionality that allows users to view NFT statistics, and educational material is also provided. The educational content includes everything from the basics of NFT to how to connect a wallet to the market.
It is a non-custodial Ethereum Layer 2 based application, and users can connect to the marketplace using GameStop Wallet or other Ethereum (ETH) compatible wallets. Cointelegraph reported in May on the GameStop Wallet and plans for the new NFT marketplace.
The marketplace displays featured NFTs and NFT creators and collections on the main screen of the app. A deeper analysis of the market is also possible through the Explore interface. There are currently 236 NFT collections on the market.
Related: NFT hype evidently dead as daily sales in June 2022 fall to one-year lows
Several Web3 games are coming to market through Immutable X, including Illuvium, Gods Unchained, and Guild of Guardians. GameStop partnered with Immutable X in February.
This is a public beta version of the app, and users should expect interruptions until the full market version is released.