GameStop, the world’s largest video game merchandise retailer, is all set to launch a non-fungible token marketplace for gamers by the end of 2021. According to a Bloomberg report, the company is planning to build and set up an online hub for NFT trading for virtual game collectibles. Cryptocurrency Partnership.
NFTs, which use blockchain to record ownership of digital objects such as images and videos, grew in popularity in 2021, leaving many confused as to why so much money is being spent on copyable digital goods. which are not physically present.
According to Per Decrypt, a cryptocurrency news portal, job listings by the company in 2021 indicated that the company was looking for “extraordinary engineers, designers, gamers and marketers” to join the Ethereum-based NFT project.
The company’s NFT platform will allow customers to buy, sell and trade NFTs of video game items, including clothing, weapons and attributes from various player avatars.
GameStop Corp stock rallied on Friday after the videogame retailer plans to expand its NFT marketplace and partner with crypto firms, as Reuters reported on Saturday.
This development comes weeks after the company Ubisoft Announced a new platform, Ubisoft Quartz, where it will offer the NFT it is calling Digits. Ubisoft Quartz will first launch in the PC version of Tom Clancy’s Ghost Recon Breakpoint and will offer unique cosmetic items in the form of NFTs. Points will represent unique, collectibles such as in-game vehicles, weapons, and pieces of equipment.
Meanwhile, NFTs are breaking new records in the cryptocurrency world. People have spent over $9 billion in NFT sales. The interesting thing is that not only collectors or investors, but Bollywood stars also like Amitabh Bachchan, Salman Khan, Sunny Leone Also jumping on the cryptocurrency bandwagon.
Amitabh BachchanK’s recently launched NFTs which included his autographed vintage poster, a recitation of his father’s famous poem Madhushala, was sold for around Rs 7.18 crore ($966,000). On the other hand, Bollywood fashion designer Manish Malhotra’s NFT series of 5 digital sketches sold for around Rs 2.8 lakh.
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