By Stephen Nakrosis


GameStop Corp. on Monday said it launched a non-fungible token marketplace, which would "allow gamers, creators, collectors and other community members to buy, sell and trade NFTs."

The retailer said its NFT marketplace was a "non-custodial, Ethereum Layer 2-based marketplace," adding that parties will be able to connect to their own digital asset wallets, including the recently launched GameStop Wallet.

According to the company, the marketplace will expand functionality to encompass other categories such as Web3 gaming and other Ethereum environments.

Last month, The Wall Street Journal reported Microsoft Corp. founder Bill Gates as saying he thinks cryptocurrencies and NFTs are "100%" based on the greater fool theory. In May, the Wall Street Journal reported that demand for NFTs seems to be weakening.


Write to Stephen Nakrosis at stephen.nakrosis@wsj.com


(END) Dow Jones Newswires

07-11-22 1654ET