GameStop has launched its own NFT platform

The gaming giant GameStop has launched a beta version of its NFT platform, which will allow gamers, developers, and collectors to sell and buy non-fungible tokens on GameStop NFT.

According to GameStop representatives on their official website, users will enjoy low fees for the purchase of NFTs, and content creators are promised lifetime royalties for the developed non-fungible tokens. To purchase NFTs on the marketplace, you can use your own GameStop wallet, Metamask, or the decentralized cryptocurrency wallet WalletConnect. At the moment, GameStop NFT only works on the Ethereum blockchain.

Given the growing popularity of NFTs, the launch of a new marketplace can bring big profits to developers and bring GameStop to a new level in the Web3 space. However, it is worth noting that cryptocurrency platforms for the sale and purchase of non-fungible tokens also have «failures». Last week, analysts reported that the Coinbase NFT marketplace failed to attract enough users — the average daily trading volume on Coinbase is 2000 times lower than that of its main competitor OpenSea.