What Is GameStop NFT Marketplace & How To Use It To Buy & Sell NFTs?

You’ve likely heard of GameStop. It is the largest video game retailer globally and is famous for selling video games, consumer electronics, and general gaming merchandise. 

However, you likely remember GameStop for something else, the short squeeze that took place in January 2021. During that period, the price of the GameStop stock, GME, shot up from 17.25 dollars to as high as 500 dollars per share. That was a moment to remember.

However, we are not talking about GameStop as a whole in this article. Instead, we will discuss an exciting new feature that will be introduced later this year, the GameStop NFT marketplace.

WHAT IS THE GAMESTOP NFT MARKETPLACE


NFTs are hot in the crypto world right now. They usually garner much interest when incorporated with games, mainly because of their ability to generate play-to-earn concepts. 

Seeing this, the GameStop company has decided to branch into this aspect to generate more sales and hopefully turn around a streak of losses. This is not the usual domain of the company, so they are looking to employ professionals in the world of NFTs, Ethereum, Web3, and other aspects to drive home this concept.

This seems to be a win-win situation, with investors benefiting from the expertise of GameStop in the gaming area and the company potentially driving up sales to put itself back above water.

HOW TO JOIN


You could join the GameStop team as a developer and help the company develop and execute the NFT interface. About twenty people have already been hired, with room for more. To do this, you would have to fill out a form on the website. The developers are known as creators and are sure to be rewarded in due course when the program launches.

It will help if you have had experience building NFT interfaces for crypto platforms. You should be knowledgeable about coding languages and creating and manipulating 3D voxels. 

You can also join by simply investing in the GameStop stock, GME. Investing in it means investing in the company itself, and it may yield profits when the product finally launches.

WHEN WILL IT BE LAUNCHED


The website is already live, with the only element being a call for developers to work with the platform in developing an NFT interface. However, the main deal is yet to be launched, but it may not be far away. The initial release date was projected at late 2021, but this is 2022, and we’re yet to see something tangible.

Nevertheless, fingers are crossed as many crypto and gaming enthusiasts eagerly expect its launch. The world of social media is also abuzz with some speculating that it may be launched before 2022 reaches half

TO BE UPDATED


How exactly will this marketplace be? Will it feature play-to-earn aspects like SANDBOX, Axie Infinity, Genopets, among others? We’ll have to wait to find out. However, it seems that this new venture may revolutionize the gaming industry altogether and be the catalyst that propels cryptocurrencies, especially play-to-earn models, to worldwide mainstream adoption.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Philipp Traugott

Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

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