Today, American video game retailer GameStop has announced its collaboration with Immutable X, the first layer 2 protocol in Ethereum that focuses on NFTs.
Power to the creators! https://t.co/mYI9AdybEM— GameStop (@GameStop) February 3, 2022
A $100 million fund will be created by the partnership using Immutable X’s IMX tokens, which both parties intend to use to provide grants to creators of non-fungible token (NFT) content and technology.
Creators from gaming studios, web 3.0 and metaverse gaming developers, and elsewhere can request to be a content creator on GameStop’s NFT marketplace by visiting https://t.co/BBfENs3z92— GameStop (@GameStop) February 3, 2022
Also, Immutable X will become a layer-2 partner and platform for the GameStop NFT marketplace that will be launched later this year.
Immutable X is the first layer-2 protocol in Ethereum focused on NFTs and featuring instant trading with zero fees. In addition, it is an open-source protocol that allows users to create and develop decentralized applications, such as marketplaces and games.
The company GameStop has been the subject of many NFT articles this year, with its shares soaring after its announcement of crypto and NFT market plans, and now the company has made an official statement regarding its intentions.
The NFT world is growing day by day, affecting all sectors and companies. One by one, businesses are embracing these changes.
Just a few days ago, Disney announced that it will hire NFT experts to expand its presence in the NFT space. Earlier this month, brands including Lamborghini, Gucci, Glenfiddich Whisky, and Atari released their first NFT collections with impressive results and feedback from the NFT community.