The video game dealer GameStop is entering partnership with the L2 startup Immutable X and starts an NFT fund of $ 100 million-blockchain
The video game dealer GameStop is entering partnership with the L2 startup Immutable X and starts an NFT fund of $ 100 million-blockchain
Last May it was discovered that the retail giant for video games Gamestop came into the world of non-fungable tokens (NFT) technology. Nine months later, Gamestop announced that there was a partnership with the Ethereum scaling project of the level two (L2), Immutable X. The two teams have also set up a 100 million dollar fund that is dedicated to NFT manufacturer grants.
Gamestop goes partnership with immutable X
Gamestop has finally uncovered on 3. February 2022 according to the company indicated about the creation of A Gamestop NFT-Marktplatz on Ethereum. Gamestop's announcement on Thursday states that the video game dealer works with the Ethereum-based L2 project Immutable X.
unchangeable x previously worked with the social media company Tikkok in September. The project's website claims that it is the "first level two for NFTS on Ethereum", and the participants of Immutable X experience "no gas fees, immediate retail and climate -neutral NFTs for marketplaces, games and applications without compromises".
Gamestop and the Startup Immutable X, based in Sydney, also start a US-dollar IMX tokens used for Creator Grants. "We are trying to finance players," says Gamestop about the $ 100 million subsidy funds. "We ask developers and creators to promote the future of web3 gaming. Apply for the consideration."
"The partnership sets up a fund of up to $ 100 million in Imx-token from Immutable X, which the parties want to use for grants to creation of non-fungible token (" NFT ")-content and technologies," says Gamestop. The company added:
"Immutable X will also be a Layer 2 partner and a platform for GameStop and the company's NFT marketplace, which is expected to be introduced this year. In addition, the conditions provide the conditions that immutable X Gamestop provides up to around $ 150 million at IMX-TOKEN."
GAMESTOP also says that the cooperation agreement is submitted to the US Securities and Exchange Commission (SEC). "The partnership agreement and other relevant information are disclosed on Form 8-K with the SEC]," notes the video game dealer.
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