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Hey Waivly Crew! 🌊 GameStop has partnered with Immutable X to launch its NFT marketplace and is creating a $100M fund for game developers to use it. U.S. Coinbase users can now deposit their tax refunds directly into their accounts.

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GameStop to launch NFT marketplace on Immutable X

After revealing its plans in a job post back in October, Gamestop has teamed up with Immutable X to launch an NFT marketplace later this year.

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The upcoming GameStop NFT marketplace is built on Immutable X, the first layer 2 protocol in Ethereum that offers zero gas fees for trading and minting NFTs in a carbon-neutral environment.

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GameStop’s marketplace will give developers the opportunity to create in-game economies, where players can buy, sell and trade in-game assets, such as digital real estate, weapons, and skins.

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To avoid any backlash entering the NFT space, GameStop has also partnered with Trace and Cool Effect to “offset its remaining carbon footprint.”

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In addition to the marketplace, Immutable and GameStop will launch a $100M dedicated to providing grants to game developers and studios to build on Immutable X and the NFT marketplace.

Nintendo shares interest in NFTs and the metaverse

During a Q&A session after Nintendo published its latest financial results, the company’s executives answered a question related to NFTs and the metaverse.

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According to analyst David Gibson, who attended the Q&A, Nintendo didn’t dismiss the question and instead expressed that they have an interest in both of the spaces.

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“We do have interest in this area, we feel the potential in this area, but we wonder what joy we can provide in this area, and this is difficult to define right now,” they said.

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Nintendo is far from the first videogame company to consider entering the space, as Square Enix, Sega, and Konami have all shared interest in NFTs recently. Earlier this week, indie game developer Team17 cancelled its plans to launch an NFT project after receiving backlash from the community.

The Waves

⚽ Manchester United reportedly signed £20M+ sponsorship deal with Tezos

👀 Microsoft CEO shares his opinion on the metaverse

⬇️ Twitter's 'downvote' button test begins rolling out globally

💰 Jump Trading backstops Wormhole’s $320M exploit loss

Crypto Special

Coinbase users can now receive tax refunds in crypto through TurboTax

Cryptocurrency exchange Coinbase is now giving its users the option to deposit paychecks, expense reimbursements, and receive tax refunds.

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On Thursday, Coinbase announced in a blog post that it launched a new feature as US tax season begins. Every year millions of people receive a tax refund from the US government, which usually is received as a cash payment sent directly to their account. Now, Coinbase is offering an alternative.

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With TurboTax’s tax software, Coinbase users can now get both federal and state tax refunds automatically deposited into their account as USD, where it can then be 100% converted into crypto.

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“This year, customers can deposit refunds into Coinbase fee-free to start immediately putting their money to work,” the cryptocurrency exchange wrote in the announcement. “Coinbase is committed to giving everyone instant and easy access to the cryptoeconomy.” 

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As the tax refund can be deposited into a Coinbase account as USD, users will have full control over when they want to invest in a cryptocurrency.

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StockTwits rolls out new crypto trading feature

The investor-focused social media platform, StockTwits, has recently launched its own crypto trading feature. The new feature is looking to tap into the ever-expanding interests of trading cryptocurrency and other digital assets.

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The New-York based company has partnered up with crypto exchange FTX US to launch its crypto trading platform within its social media platform. The new crypto trading feature will allow StockTwits users to make trades while using the platform.

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The CEO of StockTwits, Rishi Khanna, has explained to Business Insider that the new feature is a key part of the company’s product expansion which will help them better serve and improve user experience.

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StockTwits is planning to launch U.S. equity trading on their platform early next quarter, which will include trading in stock options, crypto derivatives as well as other asset classes. Prior to the addition of the new crypto trading feature, StockTwits mostly offered data tools and a social media platform for fellow investors, traders, and entrepreneurs to have discussions about trading.

Own and secure your crypto with Ledger

If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.

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Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.

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The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.

Share The Wave

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