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Reuters
GameStop taps Immutable X for NFT marketplace
The companies also announced a fund worth $100 million, in Immutable X’s IMX tokens, dedicated to supporting creators of NFT content from gaming studios, “Web3” and metaverse gaming. The market for NFTs hit nearly $25 billion in sales in 2021, compared to just $94.9 million the year before, as the speculative crypto asset exploded in popularity, data from market tracker DappRadar showed. While some see NFTs as the future of ownership in the online world, and buying NFTs as a vote of confidence in the development of “Web3” or the metaverse, others are baffled as to why so much money is being spent on items which do not physically exist.
