Leading game retailer GameStop is collaborating with a Web3 Coin project. GameStop develops the NFT gaming approach in collaboration with the Telos Foundation. This partnership will use GameStop’s Web3 game launcher known as GameStop Playr. Thus, Telos will make it possible to play games on the Blockchain.
GameStop collaborates on this Web3 Coin project
GameStop, the market’s leading game retailer, is collaborating with The Telos Foundation. This fund is the organization behind Telos, the layer-1 blockchain. GameStop will expand its Web3 game offerings through this collaboration. The deal will connect Web3 games using Telos’ decentralized Blockchain infrastructure to Playr, GameStop’s upcoming Web3 game launchpad. Thus, it will provide new opportunities for mainstream game distribution. Regarding the latest development, The Telos Foundation shared the following on its official Twitter account:
Telos has teamed up with GameStopNFT to introduce GameStop Playr, a new Web3 game launcher that brings mainstream games to Web3!
https://twitter.com/HelloTelos/status/1664274325489459200
AJ Dinger, head of business development at the Telos Foundation, issued a press release regarding this collaboration. In this statement, he noted that the said collaboration will help new users to join the Web3 gaming ecosystem using the powerful network of Web3 coin project Telos. In this context, Dinger also underlined the following:
We believe this collaboration will be a meaningful impetus to attract new users to the Web3 space. We will combine GameStop Playr with Web3 games using Telos’ high-performance Blockchain infrastructure. Thus, we will remove many of the barriers currently holding Web2 players from adopting Web3.
Meanwhile, Telos’ native token TLOS rose 10% on the news before falling back. However, as the news wore off, Web3 coin price started to decline. At press time, the altcoin is down about 6% on a daily basis. TLOS, which peaked at $ 0.2614 during the day, dived to the bottom with $ 0.2249 at the time of writing.
TLOS daily price chart / Source: CoinMarketCapThe gaming giant continues to expand in the crypto world!
GameStop is steadily moving away from the brick-and-mortar strategy. Accordingly, it is focusing on a digital expansion that also includes Web3 games. As you follow on Kriptokoin.com, it announced in February 2022 that it has formed a partnership with layer 1 Blockchain Immutable X to create a Non Fungible Token (NFT) market for trading in-game assets. Operating as a public beta since July, it officially opened its marketplace to the public in October 2022. The retailer also launched its self-escrow crypto and NFT wallet in May 2022.
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