GameStop Launches Long-Awaited NFT Marketplace

American video game retailer GameStop has finally launched its long-awaited non-fungible token (NFT) marketplace. 

• According to an official press release on Monday, the platform will enable gamers, creators, and avid NFT collectors to buy, sell, and trade digital collectibles. At the time of writing, over 230 NFT collections were listed on the platform.
• The release further revealed that the new NFT marketplace is built on the Ethereum layer 2 network Loopring L2. Support for ImmutableX will be added in the future.

• “Over time, the marketplace will expand functionality to encompass additional categories such as Web3 gaming, more creators, and other Ethereum environments,” the company said. 

• GameStop initially announced in February that it would launch its own NFT trading platform before the end of 2022. However, in March, the company changed the launch date to July.
• The marketplace comes just two months after GameStop launched its non-custodial crypto and NFT wallet, allowing users to interact with decentralized applications without leaving their web browsers.