On its next saga of bringing power to the players, GameStop integrates Immutable X's tech for its NFT marketplace and announces a $100M for creators of Web 3.0 games. (Reporting via Bio_Chameleon)
that the new NFT marketplace will be 100% carbon neutral with no gas fees. In addition, both Immutable and GameStop will launch a $100 million grant program denominated in IMX tokens for NFT content creators and tech developers. Although, GameStop will receive the rights to up to $150 million IMX tokens upon accomplishing certain business milestones.
At the time of publication, the grant is only available to corporate entities and decentralized autonomous organizations developing video games, Web 3.0, metaverse, IT services, and digital brands. The month prior, GameStop by announcing the hiring of over 20 new staff and teasing two upcoming partnerships with blockchain firms for NFT game development."Wow, you guys will really do anything to stay in business, including investing heavily into a fad."
In context, GameStop had dropped over 70% since all-time highs last January, when it was the target of a Reddit-fueled short-squeeze. The decay of its stock momentum has created a community of less than happy investors. In addition, users appear to be disgruntled that Loopring, an ETH token project designed for powering decentralized cryptocurrency exchanges, was not included in the announcement despite prior negotiations with GameStop.
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