GameStop taps Immutable X for NFT marketplace


FILE PHOTO: A GameStop Inc. store is shown in Encinitas, California, U.S., May 24, 2017. REUTERS/Mike Blake/File Photo/File Photo/File Photo

(Reuters) - GameStop Corp is partnering with blockchain startup Immutable X to launch its non-fungible token (NFT) marketplace later this year, as it looks to take advantage of the booming market and complement its digital pivot into e-commerce.

The companies also announced a fund worth $100 million, in Immutable X's IMX tokens, dedicated to supporting creators of NFT content from gaming studios, "Web3" and metaverse gaming.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Singapore's Keppel to buy Japanese AI data centre amid AI boom
Tesla increases wages for staff at German gigafactory by 4%
Apple explores push into smart glasses with ‘Atlas’ user study
Japan's Kioxia sees flash memory demand almost tripling by 2028
Hacker gets into woman’s email, changes every password, tries to make purchases
Foxconn says Oct revenue +8.59% y/y, Q4 outlook good
Want to help a friend find love? Give a PowerPoint presentation
Can an Apple�Watch get AFib patients off bloodthinners?
South Korea fines Meta about $15 million over collection of user data
Ehailing service Bolt says it’s launching in Malaysia soon, already licensed by Apad

Others Also Read