G2A, a major digital entertainment marketplace, just launched an NFT marketplace for Web3 games called G2A Geekverse.
The new marketplace is geared towards showcasing digital assets from blockchain-based games that were curated by the G2A team and its business partners. For now, the marketplace has no transaction fees, and respects royalty rates set by NFT creators.
The CEO of G2A Capital Group, Bartosz Skwarczek, said that his company has been paying attention to Web3 gaming since the creation of CryptoKitties in 2017. He noted that while some gamers claim to “hate” crypto and NFTs, many “play Web3 games and have even engaged in NFT trading from games.” He added that the new marketplace will give people the chance to securely buy and sell NFTs from trusted blockchain-based games, as well as find “information about the best Web3 games.”
Besides buying and selling gaming NFTs, the marketplace will host giveaways, contests, and NFT drops. It currently supports NFTs created on Ethereum, Binance Smart Chain, and Polygon — with more blockchains expected. According to the report, fiat payments will also be added soon.
G2A was founded in 2010 in Poland and has partnerships with big brands including eSports and Visa. The digital marketplace resells gaming products, prepaid activation codes, software, and merchandise. In 2022, its website attracted over 225 million visits and it has 25 million clients worldwide.
The move by G2A comes as Web3 gaming continues to gain traction throughout the world, especially in Asia. Although gamers were initially skeptical of Web3 gaming, as more game developers and studios adapt new technologies like blockchain and NFTs, the tide appears to be turning. Another NFT marketplace from a company as big as G2A appears is more evidence of this fact.
2023 Is the Year of the NFT Marketplace
G2A’s move to create its own NFT marketplace is exciting for the Web3 gaming industry, which appears to be rounding a corner and coming into its own this year, even despite the shaky NFT market in general. But G2A isn’t the only company that’s opened its own marketplace for digital assets recently.
At Rarity Sniper, we’ve covered several stories about NFT marketplaces being launched this year. Here are some of the top headlines from 2023:
- Dapper Labs Partners with Disney to Debut NFT Marketplace
- Yuga Labs & Magic Eden to Launch Creator Royalty NFT Marketplace
- PayPal Files Patent for Innovative NFT Marketplace
- Kraken’s NFT Marketplace Graduates Beta
- Japan’s All Nippon Airways Creates NFT Marketplace
- Sotheby’s Debuts Peer-to-Peer Fine Art NFT Marketplace
- Romanian Government Backs New NFT Marketplace
- Mattel to Debut Peer-to-Peer NFT Marketplace
From legacy Web2 companies to actual governments, everyone seems to want in on NFTs and digital assets. And the most shocking thing of all, all of these launches have occurred during a bear market.
Time will tell if G2A Geekverse will be popular with gamers and developers. But considering the company’s huge global reach, and the push for Web3 gaming that we’re seeing globally, we think there’s a good chance it will be. At Rarity Sniper, we’ll be on the lookout for any updates to the story.