Hey Waivly Crew! 🌊 GameStop has launched its long-awaited NFT marketplace after teasing it for over a year. Animoca Brands has raised $75.32 million at a $5.9 billion valuation.
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GameStop's NFT marketplace is now live
Video-game retailer GameStop's NFT marketplace is live after being in the works since last May.
In a statement, GameStop described the new platform as a "non-custodial, Ethereum Layer 2-based marketplace that enables parties to truly own their digital assets, which are represented and secured on the blockchain."
The platform, which is now open to the public for beta testing, allows gamers, creators, collectors, and other community members to buy, sell and trade NFTs. GameStop plans to eventually add more features to support "Web3 gaming, more creators and other Ethereum environments."
This is the latest push by GameStop Chairman Ryan Cohen to turn around the retailer that has been struggling for years due to its massive real estate footprint and the videogame industry’s rapid shift online.
In February, GameStop first announced it partnered with Ethereum Layer 2 developer Immutable X to launch an NFT marketplace by the end of July. The companies later announced a $100M fund aimed at providing grants to game developers building on the marketplace.
Twitter rolls out new unmention feature
Twitter has revealed they are silently rolling out a new feature called "unmentioning". The feature will allow its users to remove themselves from conversations that include their Twitter handle.
The feature was first introduced to a select group of users back in April, as reported by The Verge. The feature is now available to all Twitter users. While utilizing the feature, users will be untagged from conversations using their username, stop notifications for any Twitter thread, as well as prevent any Twitter users within the thread to tag the user again.
Users can access the new feature by simply clicking on the three-dot icon on a tweet that they are mentioned in, and a small menu will pop up. The menu will showcase different options, the user will have to choose “Leave the Conversation” to utilize the new “unmentioning” feature.
The Waves
⚽ PSG sells VIP NFT tickets to Japan tour for $218K
👀 Three Arrows Capital’s founders have went missing
🏘️ Playboy partners with The Sandbox to enter the metaverse
🤔 FSB issues statement on crypto regulation
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Animoca Brands hits $5.9B valuation
Hong Kong-based blockchain game maker Animoca Brands has secured $75.32 million in a funding round, valuing it at $5.9 billion.
Investors of the round included Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, and Cosmic Summit Investments Limited, among others.
The company said in a statement it plans to use the new capital for acquisitions, investments, product development, and securing licenses for “popular intellectual properties” in a bid to advance the open metaverse.
“Digital property rights represent a society-defining generational shift that impacts everyone online and will set the stage for the emergence of the open metaverse. We are deeply honoured to continue to enjoy strong support from investors as we work to solidify the leadership position of Animoca Brands in the Web3 industry and in the field of true digital ownership,” Yat Siu, co-founder and chairman of Animoca, said.
This comes less than a week after Animoca Brands led a $32 million financing round of Web3 game company Planetarium Labs. It also recently acquired Notre Game, a game developer and publisher based in Prague.
In other news, Yat believes that the wider industry will recover within the next few years. “Similar to how Covid has highlighted systemic problems in the physical world and driven more people to spend online, the current economic circumstances will highlight opportunities in the open metaverse,” he said. “New businesses are emerging in the metaverse that are growing in defiance of the recent market trend, providing more employment and services that help to power the virtual economy.”
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