GameStop (GME) said in its fiscal fourth-quarter earnings report that it intends to launch a non-fungible token (NFT) marketplace by the end of July.
GameStop announced that the marketplace would be launched by the end of 2022; however, according to the new report, the launch date has been changed to late July of this year.
In February, GameStop, one of the original meme stocks, said it would be
partnering with layer 2 system
Immutable X for the launch of its NFT plans.
In its earnings release, GameStop said the
partnership would provide it with up to $150 million in Immutable X IMX tokens
upon achievement of certain milestones.
GameStop also noted that it had hired dozens of people in Q4 with experience in areas including blockchain gaming, e-commerce and technology.
GameStop can also be reportedly creating partnerships with two crypto firms to “share technology and co-invest in the development of games that use blockchain and NFT technology.
GameStop said it expects its NFT marketplace will include “billions of low-cost, in-game assets that can easily be bought and sold,” specifically mentioning digital real estate and in-game skins.
Read More about NFT