2 years ago
Leading crippled retailer GameStop (NYSE: GME) is teaming up with The Telos Foundation, the enactment down the furniture 1 blockchain Telos, to grow its Web3 gaming offerings.
The woody volition nexus Web3 games utilizing Telos' decentralized blockchain infrastructure to GameStop’s upcoming Web3 crippled launchpad Playr, providing caller opportunities for mainstream gaming distribution.
AJ Dinger, caput of concern improvement astatine the Telos Foundation, said successful a press release that the collaboration volition assistance onboard caller users to the Web3 gaming ecosystem utilizing Telos’ robust network.
"We judge this collaboration volition beryllium a meaningful operator of caller users into the Web3 space,” said Dinger. “By combining GameStop Playr with Web3 games utilizing Telos' high-performance blockchain infrastructure, we tin interruption down galore of the barriers presently deterring Web2 players from embracing Web3."
Telos’ autochthonal token TLOS jumped 10% connected the quality earlier receding.
GameStop has steadily been moving distant from its ceramic and mortar strategy to absorption connected a integer enlargement that includes Web3 gaming. In February 2022, it announced a concern with furniture 1 blockchain Immutable X to physique a non-fungible token (NFT) marketplace for trading in-game assets. The marketplace, which has been operating arsenic a nationalist beta since July, officially launced to the nationalist successful October 2022. The retailer besides released its self-custodial crypto and NFT wallet successful May 2022.
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