The popularity of NFTs is ascending. The NFT sales volume jumped from USD 94.9 million to USD 24.9 billion in 2021. Astonishingly, it touched USD 40 billion in 2022 as per a recent report. These signs show that the hype about NFTs is still continuing. Undoubtedly, its popularity is enormous. This has ignited the spark of individuals and entrepreneurs to come up with their NFT marketplaces and even leading online game companies to integrate the concept of NFTs with a launch of play-to-earn NFT games.

OpenSea is the existing fastest growing and most popular NFT marketplace in the town. It gives the ability to users to explore a wide range of collections that are put for sale. Similar to it GameStop has introduced its NFT marketplace on July 11, 2022. Regardless of this, it lacks some existing features of OpenSea, like trading activity and sales data of NFTs, which would be eventually rolled out in the upcoming years as an update for the seamless execution of digital assets trading.

GameStop NFT Marketplace Clone comes in handy for you, which will aid in the launch of an NFT trading platform. Go through this blog to know more about it.

What Else To Know About A GameStop NFT Marketplace?

In the month of May 2022, GameStop leaped into the web3, making its debut, followed by rolling out its digital asset wallet. Now, GameStop launched the Ethereum layer-2-based NFT marketplace. It signifies that GameStop’s NFT marketplace is backed by the Ethereum layer-2 protocol. The purpose of making use of a Loopring Layer 2 is to eliminate the fees as well as the time.

Matt Furlong, CEO of GameStop, in an internal email, wrote that “Though we have a lot of work ahead of us, this emergence demonstrates the degree to which the company ‘GameStop’ is transforming as we embrace the change and pursue new areas of opportunities.”

This platform is meant for letting users in general, including gamers, collectors, creators, and even community members to trade, i.e., buy and sell Non-Fungible Tokens (NFTs). It supports showcasing of a curated list of NFTs. When creators wish to list their NFTs, they need to first buy an NFT from a supported collection. That is, to put an NFT for sale, they have to click on Buy NFT -> Profile Page -> Manage NFT, and after that, list their NFTs on the platform for sale.

For purchasing NFTs, the potential buyers have to make certain that they have connected a wallet to the account and proceed with funding a cryptocurrency (Ethereum). NFTs can be bought using Ethereum (ETH), which can be purchased using fiat currency. More important to say that the transaction fees & time will be reduced or eliminated when Layer 2 is activated on the GameStop NFT marketplace.

Key Highlights Of A GameStop NFT Marketplace

• According to a reliable source, it is reported that the GameStop NFT marketplace has seen more than 10,000 active trades in just a few hours.
• Since its inception, its trading volume has hit over 5000 ETH. Among these, the sales volume of 1200 ETH is from the sale of MetaBoy NFT.
• GameStop NFT Marketplace’s daily trading volume sales are about an average of 1831 ETH, i.e., which is around $2.7 million.
• More importantly, GameStop shares that there will be plans for the expansion of the web3 gaming offering.
• And, the partnership with Immutable X will play a significant role as it would bring world-class in-gaming assets to the GameStop NFT marketplace.
• Here’s A Brief Understanding Of A GameStop NFT Marketplace Clone

Generally, the term ‘clone’ refers to a replica of the existing product. The same applies here too. A GameStop NFT Marketplace Clone is a mimic of GameStop’s NFT marketplace with similar features and functionality alongside the blockchain in which it is operating.

Considerably, this is a white-label, pre-made, and tested solution, which will be a perfect aid for tycoons or entrepreneurs who intend to launch their NFT trading platforms and set their foot into the NFT arena within a short duration.

Get Started With GameStop NFT Marketplace Development

Pondering whom to approach for GameStop NFT Marketplace development? AppDupe is a leading NFT marketplace development company having a proficient team of developers focused on delivering the solutions you require. Talk with our experts as we will get your requirements clearly and come up with the solution using a GameStop NFT Marketplace Clone. Get it customized and launch your platform to make a significant impact in the NFTverse, benefitting NFT enthusiasts and creators.

The Closure Thought

NFTs (Non-Fungible Tokens) are going to be the next big thing in the web3 space, which has already gained much traction. Most probably, the hype of NFTs is never dying and presents a lot more opportunities as NFT enthusiasts tend to rely on NFT marketplaces for trading NFTs in order to yield tons and tons of benefits. The individuals with the thought of taking advantage of it could begin with GameStop NFT marketplace development from a reputed company like us and get a GameStop NFT marketplace Clone personalized according to your expectations.