GameStop Teams Up With Illuvium to Launch New NFT Collection
- There is a power rating associated with each Illuvitar that is based on how rare it is.
- For its NFT marketplace, GameStop reportedly settled on Immutable X.
Illuvium, an Ethereum blockchain video game developer, and GameStop, a video game and consumer electronics company, announced on June 5 that they will be working together to release a collection of 20,000 non-fungible tokens (NFTs) on June 12.
Developers claim that each “Illuvitars” NFT is a “dynamic collectible work of art, representing a specific avatar of an Illuvial with a distinct expression.” There is a power rating associated with each Illuvitar that is based on how rare it is.
Additional Benefits for NFT Holders
Developers claim that there are 108 possible combinations based on the six distinct Illuvials, three emotions, three backdrop stages, and two finishes included in each “GameStop x Illuvitar D1SK NFT.”
D1SKs are available for trading on the Illuvi decentralized market and include a variety of Illuvitars and accessories. NFT holders will also get special benefits, like early access to the Illuvium Overworld and Illuvium Arena monster collector games.
For its NFT marketplace, GameStop reportedly settled on Immutable X, an Ethereum layer-2 scaling solution, in February 2022, as reported earlier. To further develop its Web3 gaming services, GameStop has partnered with The Telos Foundation, the group responsible for the layer 1 blockchain Telos.
This partnership will open up new channels for the mass distribution of Web3 games using Telos’ blockchain architecture by connecting them to GameStop’s planned Web3 game launchpad Playr. Moreover, on June 7th, 2023, GameStop will announce its profits for the first quarter. Thanks to cost-cutting efforts, experts anticipate somewhat higher results compared to the same time a year earlier.
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Read more: https://thenewscrypto.com/gamestop-teams-up-with-illuvium-to-launch-new-nft-collection/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
