GameStop made news again when they announced a strategic partnership with Illuvium, an Ethereum-based platform, to change the way NFTs are promoted and used.
A store called GameStop, which sells consumer goods, will show off a collection of 20,000 NFTs on June 12. GameStop and Illuvium have worked together on other web3 projects before. Last year, both companies worked together to start a $100 million joint grant program to help web3 creators in a way that had never been done before.
Illuvitar D1SK NFT x GameStop
Every "GameStop x Illuvitar D1SK NFT" will come with a GameStop-branded "Illuvitar" with "108 possible configurations" based on six different "Illuvials," three facial expressions, three background stages, and two finishes, according to the developers. D1SKs are Illuvi tokens that are distributed and come with different Illuvitars and gadgets. NFT owners will get early access to Illuvium Overworld and Illuvium Arena, as well as two games about collecting monsters.
In February 2022, news outlets reported that GameStop had picked Immutable X, an Ethereum layer-2 scaling solution, to run their NFT marketplace. But by August 2022, it is said that the ongoing cryptocurrency bear market will have cut GameStop NFT's daily fee income to only $4,000.
The numbers were a big drop from the first full day of operation for the project on July 13, 2022. At the time, NFT sales totaled $1.98 million, which was more than $44,500 in fees. Also, Buck Season II has the most trades on GameStop NFT. In the last 30 days, digital items worth $109,213 were traded for Buck Season II. This historic partnership marks the start of a new era for GameStop, which is now on a journey to make NFTs real.
GameStop NFT Marketplace Emerges as a Formidable Platform
The gaming NFT marketplace was first opened by Gamestop in July. It was made so that both buyers and sellers could benefit. In the meantime, GameStop had trouble making money from its projects. GameStop's traditional business of selling games and accessories went down by a lot. It caused the company to look for other ways to make money.
After saying that it would lose $160 million in the first quarter of 2022, the company kept looking for new opportunities in the gaming industry. In June, GameStop said that web3 will be needed for a quick start.
With the opening of GameStop's NFT marketplace, people could buy and sell millions more NFTs. It has a lot of high-quality web3 games that are nearing the end of their development. Also, GameStop gives its customers a high-quality gaming experience.
GameStop wants to alter NFT games
GameStop is a well-known name in the video game retail business. With the launch of the GameStop NFT Marketplace, it has already entered the world of digital assets. This platform, which is powered by the Ethereum Network's Layer 2 IMX, is a dynamic place to find, buy, make, and trade digital assets that are one of a kind. By embracing the idea of decentralization, the GameStop NFT Marketplace encourages a self-custodial environment. Its goal is to give users full control over their digital assets.
The GameStop NFT Marketplace stands out because it cares about the community all the time. It not only shows what GameStop has to offer, but also gives artists, gamers, streamers, and content creators in the community a place to show off their work. This marketplace puts the community first. It encourages creativity, helps people get to know each other, and knows the value of ideas. Also, it lets buyers buy NFTs directly from the creators and other members of the community, which builds a sense of community and support within the ecosystem.
Illuvium Helps GameSpot NFT
With all of these people working together, Illuvium is set to be even more exciting and rewarding than ever before. Illuvium is more than just a game; it's a huge universe of games that all work together to create a gaming experience that can't be found anywhere else. Illuvium: Beyond is a continuation of the world of Illuvium. It promotes the idea of Illuvitars, which are special avatars that make playing games more fun.
The Illuvium game studio is known for making AAA play-to-earn crypto games that are on the cutting edge.
They make games with NFT assets that can be collected and used in other games in the metaverse. Illuvium is a decentralized non-fungible token (NFT) game developer who thinks that players should really own the things they get in games. It is now working with many different companies to make the most of its potential and become a major player.
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