NFT

GameStop, Immutable X Pushing Full Steam Ahead With Early Access to Wallets

Through the Immutable X Link infrastructure that allows wallet users to connect and buy/trade/sell NFTs.

NFT

GameStop, Immutable X Pushing Full Steam Ahead With Early Access to Wallets

Through the Immutable X Link infrastructure that allows wallet users to connect and buy/trade/sell NFTs.

GameStop’s mission to completely revitalize everything today’s millennial generation knows about traditional gaming is pushing full steam ahead after its layer-2 scaling partner Immutable X announced that it would be providing early access to GameStop wallet users through its Immutable X Link infrastructure.

In February, GameStop announced its partnership with the layer-2 scaling service for Ethereum-based NFTs, in addition to a $100 million (USD) fund, which both companies would be using for grants to NFT creators. The fund would pay out in Immutable X’s IMX tokens.

This new wallet integration ensures GameStop wallet compatibility across the entire Immutable X L2 protocol, making it “native” to the Immutable X infrastructure.

While GameStop’s primary focus centers around its own fully-integrated wallet, any Immutable X marketplace or partner that supports the Link infrastructure will have the ability to offer the GameStop wallet as an option to connect while buying/selling/trading NFTs.

Since taking back its position as a gaming leader, GameStop’s self-custodial NFT wallet will ultimately compete against other wallet services including MetaMask and Coinbase, affording users control of their digital assets on the Ethereum blockchain.

Until GameStop’s official wallet launch is live, user-made actions will be confirmed through a branded Immutable X Link pop-up to verify transactions and signatures.

Immutable X has continued to demonstrate successful operations with its 100% carbon neutral and zero-gas fee platform, enjoying its previous partnerships with other industry leaders including OpenSea, RTFKT, TokenTrove, and VeVe.

Wearing away from its meme-stock frenzy, GameStop has been attempting to separate from its traditional packaged game business, paying little attention to the troubles experienced by many throughout the crypto winter and instead, focusing on its Web3 gaming growth.

Last month, GameStop surprisingly announced a round of internal layoffs in an internal memo first obtained by CNBC, without much explanation. However, the company did publicly announce its firing of its (now former) CFO Michael Recupero, who was replaced by the company’s chief accounting officer, Diana Saadeh-Jajeh.

GameStop’s NFT marketplace is expected to launch soon.

In other Web3 news, Jo Baker and Grace Gaustad redefine “self-expression” with launch of digital makeup line.

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