Video Game Retailer Gamestop Partners With L2 Startup Immutable X, Launches $100 Million NFT Fund

Last May it was discovered that the video crippled retail elephantine Gamestop was stepping into the satellite of non-fungible token (NFT) technology. Nine months later, Gamestop has revealed it is partnering with the furniture 2 (L2) Ethereum scaling project, Immutable X. The 2 teams person besides established a $100 cardinal money dedicated to NFT creator grants.

Gamestop Partners With Immutable X

Gamestop has yet revealed its blockchain spouse connected February 3, 2022, aft the institution hinted astir the instauration of a Gamestop NFT marketplace built connected apical of Ethereum. Gamestop’s announcement connected Thursday says the video crippled retailer is collaborating with the Ethereum-based L2 task Immutable X.

Immutable X antecedently worked with the societal media institution Tiktok successful September. The project’s website claims that it’s the “first furniture 2 for NFTs connected Ethereum” and Immutable X participants acquisition “zero state fees, instant trades, and carbon-neutral NFTs for marketplaces, games, and applications without compromise.”

Gamestop and Sydney-based startup Immutable X are besides launching a grant money worthy $100 million successful IMX tokens that volition beryllium utilized for creator grants. “We question to money crippled changers,” Gamestop says astir the $100 cardinal assistance fund. “We are calling connected builders and creators to powerfulness the aboriginal of Web3 gaming. Apply for assistance consideration.”

“The concern establishes an up to $100 cardinal money successful Immutable X’s IMX tokens, which the parties mean to usage for grants to creators of non-fungible token (“NFT”) contented and technology,” Gamestop’s announcement details. The institution added:

“Immutable X volition besides go a layer-2 spouse and level for Gamestop and the company’s NFT marketplace that is expected to motorboat aboriginal this year. In addition, the presumption supply for Immutable X providing up to astir $150 cardinal successful IMX tokens to Gamestop upon the accomplishment of definite milestones.”

Gamestop besides says that the collaboration woody volition beryllium filed with the U.S. Securities and Exchange Commission (SEC). “The concern statement and different applicable accusation volition beryllium disclosed connected Form 8-K with the [SEC],” the video crippled retailer notes.

What bash you deliberation astir Gamestop’s concern with Immutable X and the $100 cardinal creator fund? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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