Gaming Retailer GameStop Is Building Non-Fungible Token (NFT) On Ethereum Blockchain
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As a report has it, the gaming retailer, GameStop has unveiled a new web portal for a non-fungible token (NFT) platform on the Ethereum blockchain.

The page declares as follows:

“We are building a team. We welcome exceptional engineers (solidity, react, python), designers, gamers, marketers, and community leaders. If you want to join our team, send your profile or something you’ve built to: [email protected].”

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At the moment, the scope of the project is not clear, but a link to an Ethereum address is featured on the page, which indicates that the Ethereum blockchain is the base chosen by the GameStop team for the project.

According to The Block, the smart contract code proclaims “Game On Anon” and links to GameStop’s NFT page and indicates that potential GameStop-released NFTs will utilize Ethereum’s ERC721 standard. The same code also points to a dedicated token, GME.

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As for the targeted audience for whatever non-fungible token (NFT) offering that emerges from GameStop’s team, an animated image on the page says “Power to the players. Power to the creators. Power to the collectors.”

About Non-Fungible Token (NFT)

A non-fungible token (NFT) is a unit of data stored on a digital ledger called blockchain, which certifies a digital asset to be unique and therefore not interchangeable,

NFTs can be used to represent items such as photos, videos, audio, and other types of digital files. However, access to any copy of the original file is not restricted to the buyer of the NFT.

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Although copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with proof of ownership that is separate from copyright.

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Tobi Loba

By Tobi Loba

Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.