A place for theoretical discussions about GameStop stock ($GME). Opinions and memes welcome. Suspected crypto coin scams such as the "Superstonk" coin and "DumbMoney" crypto coin (with the symbol "$GME") have nothing to do with GameStop stock. None of this is financial advice.
GameStop Forms Partnership with Immutable X
📰 News
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In the 8K, the if to licensee is listed as
GME Entertainment, LLC
Is this new?
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Hmm… seems like a significant date to me!
7 * 4 * 1=28/1
1/ 28 eew eew llams a evah I
On 24th Jan 22, there was a ‘reversal of tax forfeiture’ filing. The actual ‘tax forfeiture’ happened in august last year.
I don’t know what it means.
https://opencorporates.com/filings/1068247983
Holy shit actual news
I don't know what to do with my hands.
Where do I put my feet?
I ate a baby toad once.
That escalated quickly
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Dee where does the man put his feet?
How are your stress levels lately?
Jack tits furiously
Jack it off already!
West Coast is gonna love this when they wake up lol
Can confirm, I'm loving this except for the part where I had to wake up.
And as expected I'm too smooth to understand wut mean.
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It gets the people going!
expect the dip. buy the dip. drs the dip. zen
I got the fintel email and assumed it was some company dumping shares and had to do a double take. GME news? My great white Buffalo?
Immutable X | The first Layer 2 for NFTs on Ethereum
GameStop will use Immutable X as their first layer-2 NFT integration for trading and minting, other than Loopring;
GameStop will not integrate any blockchain protocol, other than Ethereum Layer 1 and Loopring into their NFT marketplace without first having integrated Immutable;
Source for Loopring mention: https://gamestop.gcs-web.com/node/19586/html
LFG
And a list of grants:
Milestone 1 - Execute Contract Token Grant Executing the Primary Sales Agreement and Grant Agreement. 28,104,925 IMX
Milestone 2 - Initial PR Announcement Token Grant Notifying Immutable X of its intent to release, within forty-eight (48) hours, a PR announcement of Immutable X’s grant program for parties intending to build atop of Grant Recipient’s NFT Marketplace. ImmutableX and Grant Recipient anticipate the release of the foregoing announcement to take place on or around the Effective Date. 9,368,308 IMX
Milestone 3 – NFT Platform Launch Token Grant Notifying Immutable X of its intent of Platform Launch of the GameStop NFT platform within forty-eight (48) hours. Platform Launch means the bona fide public release of the GameStop web-based NFT trading platform in the U.S. and certain mutually agreed upon non-US regions, which integrates Immutable X’s layer two technology. Platform Launch shall take place within twelve (12) months, plus any Extension Periods, of the Effective Date (“Platform Launch Deadline”). 3,747,323 IMX
Milestone 4 –Transaction Target One Token Grant: Reach a cumulative amount of $1.5 billion in combined Primary Sales and Secondary Market Sales Transactions on Immutable X within twenty-four (24) months plus any Extension Periods, of the Effective Date, such deadline (“Transaction Volume Target 1 Deadline”). For clarity, the values of the Primary Sales and Secondary Market Sales will be calculated by using the market value of Ethereum at the time the Primary Sales and Secondary Market Transactions were completed. 7,494,647 IMX
Milestone 5 - Transaction Target Two Token Grant Terms: Reach a cumulative amount of $3.0 billion in combined Primary Sales and Secondary Market Sales Transactions on Immutable X within twenty-four (24) months plus any Extension Periods, of the Effective Date, such deadline (“Transaction Volume Target 2 Deadline”) For purposes of clarity, the values of the Primary Sales and Secondary Market Sales will be calculated by using the market value of Ethereum at the time the Primary Sales and Secondary Market Transactions were completed. 7,494,647 IMX
3B 🤤
In 24 months, so going buy a 10x approach of value, that justifies more than double our current valuation. 1.5B in a 12 month window of additional revenue, oh helllllllll yeahhhhhh. Light that fucking fuse dude.
For valuation purposes, revenue would be Gamestop's cut of the sales, not sales. Gamestop isn't selling NFTs, just providing a place for other people to sell NFTs. The revenue of the sale goes to the person/company doing the selling.
For comparison, Opensea currently does about 35 billion a year, but their cut of that is about $900 million. So they are valued around $15 billion. Notice the 15x multiplier is on Opensea's cut of the sales, not the sales.
I'm hoping Gamestop has set these milestones very low compared to their actual expectations, because $3B annual NFT volume would only translate to less than $100M annual revenue, increasing Gamestop's valuation by $1B, or $14 per share.
That said, I don't see any reason why they couldn't beat OpenSea's revenue over the next couple years, considering Gamestop's top notch team, existing partnerships, low gas fees, and presumably much better user experience.
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You should make this it's own Post
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Is GME entertainment new? Or have they always called themselves that?
Just wanted to clarify that it’s a subsidiary of GameStop Corp., so it’s not a name change.
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Auuguughghgh it's newwwwwww
They're gonna dev games for the platform in-house
Fuck you. How am I supposed to go back to sleep?
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Filed December 17th, 2018, not new.
Transaction date is the next day after RC’s 69 tweet!
Ahh. So 69 meant PARTNERSHIP. I suck you off you, suck me off sort of thing 🤣
I'm not adding anything to the conversation but I love your flair 🦆
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Where’s the mention of Loopring in the official announcement???
Edit: FOUND IT 🥰
That literally means they will integrate ETH layer 1, Loopring, AND NO OTHER PROTOCOL until Immutable X is in.
Bullish as fuck for Loopring and IMX included
Wait: this is the official announcement of the GS NFT marketplace!... or am i wrong? i think this is the first official mention of n NFT marketplace!
They’re launching later this year. I assume we’ll get a more definite announcement then
I think you're right, this IS the first announcement of the GS NFT marketplace!
Can’t wait for the dip 🤣
IMX up 20% within a few minutes after announcement and GME will dip. Nothing to see here.
If any other company said this, +20%
Me either. I’m cocked and loaded.
Piece of shit “analysts” everywhere: “DEAD ON ARRIVAL”
Uh huh. Who’s DOA again? ;) https://www.reddit.com/r/Superstonk/comments/sjdbhu/n_rest_until_graveyard_shift_is_cmplete/
Immutably
I love that word. Immutable.. that which can not be changed. Like Gold.
I'm ready like always lol
lol, i was thinking the exact same thing, ready for the dip. lol
Does this mean no loopring?
Edit. LRC is mentioned in 8K
In the accompanying 8-K form, under section 3. Marketing & Other Commitments:
"GameStop will use Immutable X as their first layer-2 NFT integration for trading and minting, other than Loopring;"
"GameStop will not integrate any blockchain protocol, other than Ethereum Layer 1 and Loopring into their NFT marketplace without first having integrated Immutable;"
Could anyone with a background in crypto explain why it’s important to have IMX before anything else?
Edit: It seems it’s more an issue of business rather than a technological requirement. Thanks everyone
And why they need 2 crypto partners?
The Immutable market place is already up and running, i know because i actually used it an hour a go to buy and sell trading cards for the Gods Unchained game. Loopring afaik doesnt have a working one yet, so could be to speed up the process.
What does "other than" mean here.
"instead of"
"in addition to"
"in conjunction with"
?
It means only Loopring and Eth Layer-1 will come before Immutable. So the order will be...
Eth Layer 1 / Loopring
Immutable
Anyone/everyone else
So they confirmed LRC im just dumb. Sorry yall 🤣
I'm sure it doesn't say that, unless I am super smooth.
It says it WON'T integrate any OTHER protocol outside of Ethereum and Loopring.
From the SEC filing:
"GameStop will use Immutable X as their first layer-2 NFT integration for trading and minting, other than Loopring;
GameStop will not integrate any blockchain protocol, other than Ethereum Layer 1 and Loopring into their NFT marketplace without first having integrated Immutable;"
https://gamestop.gcs-web.com/node/19586/html
crtl f: loopring
Soo... do I have this wrong? Or is this also confirmation that they're using Loopring's protocol?
Its confirmation they are using the protocol
Commenting for visibility bc so many are asking “nO lOoPrInG?”
Thank you so much for this.
Por que no los dos
No idea. Not a crypto dude
Found the answer, Loopring is still very much a thing.
It was mentioned in the past that they would have multiple partners, and the email specifically says that Immutable X is a partner for the NFT Marketplace which GameStop themselves is launching this year.
Loopring is still a 99.99% thing until stated otherwise.
They can and probably will have multiple L2 partners so I wouldn't count it out just yet.
Edit: Loopring confirmed as partner in the 8-K
Until more information comes out, we should kinda assume so.Edit: form 8k mentions Loopring. All good with Loopring.
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Nice that is fat. So GameStop is going to publish games………._. Wow the gaming space just got bought by Microsoft and Sony. Now GameStop entertainment. They can proof of concept the immutable NFT Avatar.
Decentralized Exchanges on the way.
Did you say that is fat?
Fat like my wallet is fat from all the money I'm gonna have.
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Lmao these guys really move stealthily. No one even saw that coming LMFAO.
Let the DD on Immutable X beginith! LFG
It works. Ive actually used it earlier today buying and selling Gods Unchained cards :P
IMX already UP 37% ... bullish ... GME to dip 37% wink
That was exactly my reaction too lmao. Kudos to RC and GameStop team
I mean, WSJ and that hit piece about al qaeda (or y'all quaeda?) investing in NFTs did. God, I hate the MSM.
Let's fucking go! Rocket launch!!!!!!!!!!!!!!!!!!!!!!
X gonna give it to ya.
I think ja is about to show up
Is this the one?
This is the one.
And it’s big
It feels tingly.
Tell me, where did the announcement touch you...
Just the tip for now. Market doesn't open for a couple more hours.
WAIT GME ENTERTAINMENT???? is that new?
ARE YOU NOT ENTERTAINED?!
Wtf another anal chemist? Never thought I'd see you here 🤣
Never thought I'd fight side by side with an anal chemist!
direction scale angle literate whistle fanatical sort person ask ripe
This post was mass deleted and anonymized with Redact
No, the filed that name in 2018, there was talk in 2021 about partnering with the sticky floor stock when this name came up as well.
As a GME holder AND Gods Unchained player, MY TITS ARE JACKED
Gods unchained uses nfts for their cards right? Did they already have a market place to trade cards before?
Gonna download it...wanna DM me your referral code?
Man this is huge! Gods unchained truly is next generation Hearthstone/Mtg
Can't say I was expecting this today.
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But it is always a welcome surprise!
What the fuck does it mean?
We're a tech company now fren
Too bad multiples are out the sink with the market ;) but lets see how value is going to play soon :D
“Later this year” == “whenever bitch we ain’t tellin”
Later this year, boom rc releases tomorrow, hedgies r fuk lmao
well could be tomorrow:)
Something NFT related fuck knows
Apparently Immutable X already has a game called GODs Unchained that uses NFT in game items…..
It does, well it uses the Immutable X infrastructure. ITs a different company that operates and owns Gods Unchained. Its a great trading card game. The cards you use ingame are the NFTs. So you can sell and trade cards via Immutable X.
Source: I play that game and used the marketplace
Edit: GU is developed by Immutable, same company. The market place does have other games and collections listed.
So it's like a Heartstone, but with an aftermarket?
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You should write up a quick DD explanation of how that game works and post it. I think it would an informative example for the rest of us as obviously Gamestop looked at it and said, “yes we like this concept”.
This is the one.
Going to purge 'New' of the reposts.
Have a GREAT Day Apes!!!
A post on the 8-K can be found here: https://www.reddit.com/r/Superstonk/comments/sjhkpt/8k_report_of_unscheduled_material_events_or/
With the filing available here: https://gamestop.gcs-web.com/sec-filings/sec-filing/8-k/0001326380-22-000012
Other posts of interest:
NFT.gamestop.com Updated: https://www.reddit.com/r/Superstonk/comments/sjhmn4/new_update_on_gamestops_nft_page/
Loopring callout in 8-K: https://www.reddit.com/r/Superstonk/comments/sjhu2l/loopring_is_not_dead_this_is_from_the_8k/
Daniel Wang's comment on 8-K: https://www.reddit.com/r/Superstonk/comments/sjja5v/holy_ficking_shit/
Daniel Wang's comment on stepping down as LRC CEO: https://www.reddit.com/r/Superstonk/comments/sjll88/daniel_wang_stepping_down_as_ceo_of_lrc_after/
GameStop Twitter: https://www.reddit.com/r/Superstonk/comments/sjhzdr/bullish/
ImmutableX Announcement: https://www.reddit.com/r/Superstonk/comments/sjhr6l/its_happening_this_is_super_cool_look_at_actions/
https://www.reddit.com/r/Superstonk/comments/sji7t6/immutable_x_video_announcement/
The mods on this sub are legends.
Why would they push this but then state loopring is the primary in their 8k?
Page 22
https://gamestop.gcs-web.com/node/19586/html
Finally some good news. 🚀🌙🚀🌙🚀🌙
You rock Jelly!
Thanks DJ. Fucking hell I haven't been this excited since.. about 12 months ago
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Ryan Cohen playing 69D Chess and Hedgies are figuring out Checkers
Fuckin can't wait to beat their quants in checkers when this is all over.
Good point - sus, for all the right reasons!!!!
This is the same coin that Disney uses for their marketplace.
https://twitter.com/veve_official/status/1462109035574927368?lang=en
https://www.veve.me/promotion
Edit: for sources
Wait what? Sauce?
Veve through the IMX network … not that I know what that means
I think this is going to make me want to buy some stock.
🚀🚀🚀🚀🚀🚀🚀🪙
Who is immutable x?
No one asks How is ImmutableX ?
layer 2 scaling solution for NFTs on Ethereum with instant trading, massive scalability and zero gas fees (creation/transfer fees) for minting and trading.
If they were to mint (create) NFTs via ethereum it would cost a fair bit. Minting (creating) via Immutable X would be free. Immutable X being layer 2 means it is built on Ethereum
Edit: Immutable x is carbon neutral. Someone commented about ethereum being bad for the environment and then deleted it.
X GON GIVE IT TO YA
They have a TCG called Gods Unchained, very similar to Hearthstone, makes sense to GameStop partner with a chain that is already involved in gaming.
Jacked to the f*cking tits!
Confirmed that we will see the NFT platform in 2022 at the latest!
We're in the End Game now.
Is this the first official Loopring confirmation from our company? 🚀🚀
AFAIK
OOOOOOOOOOO ORTEX SIGNAL AND JUICY ANNOUNCEMENT
Almost like RC & Co. know how to play the game
Isn’t today when we were expecting big gains ANYWAY??!! - this may indeed be kick in the balls timing from GS
...so prepare for the dip!
And some shmuck was so sure today was about to be a crazy run 😂 this just certified a dip
3. Marketing & Other Commitments
• GameStop will use Immutable X as their first layer-2 NFT integration for trading and minting, other than Loopring;
• GameStop will not integrate any blockchain protocol, other than Ethereum Layer 1 and Loopring into their NFT marketplace without
first having integrated Immutable;
https://gamestop.gcs-web.com/static-files/713417ad-e18f-4f2c-bc1c-312f536d8b36
LOOPRING CONFIRMED!!!!
“GameStop will use Immutable X as their first layer-2 NFT integration for trading and minting, other than Loopring;
•GameStop will not integrate any blockchain protocol, other than Ethereum Layer 1 and Loopring into their NFT marketplace without first having integrated Immutable;”
Right from the SEC filing^
Lmao loopring on discount right now because people can’t read.
Disclaimer: I never bought nor will I ever buy loopring before I landed on the moon or beyond
This seems significant. To the top you go
That was quick.
I scrolled past this and then got the email like a minute later and was hit by a justified but still confusing deja-vu
For the people who have trouble reading, GameStop is using both Immutable and Loopring for NFT integration and trading. And they’re only using ETH and Loopring for their blockchain protocol. This is a win for Loopring and also a surprise win for immutable.
Nft announcement?!?! That’s pretty unexpected from a dYiNg BrIcK & mOrTaR sToRe 😜
Believe it or not, dip
Lol ya I just told my hubby we are getting a shit kicking today most likely haha.
Love the dip as much as the rip. Load up nfa
congrats on being first to post 👏🏻
launch imminent? 😏
Believe it or not, dip ⤵️
You mean final sale
Says launch later this year…
Sounds a lot like Tomorrow™️
Sick fucking name I love the name, and that’s about as deep as my brain goes in these things so I’m fuckin hyped
Moass tomorrow? 🚀🚀
This time it’s not tomorrow. It’s today.
Also tomorrow though
They specifically announce NFT marketplace later this year. No more speculation 😈
This does NOT mean Loopring is not involved. Multiple partnerships is possible and probable.
*Edit: I posted this before the 8K was released. Loopring confirmed to have some part in this. LFG.
"GameStop will use Immutable X as their first layer-2 NFT integration for trading and minting, other than Loopring;"
Their NFT marketplace could still be powered by Loopring, but then also partnered with Immutable X
Imagine they release so many press releases today with every partner they have, lmao hedgies will be getting a flurry of partnerships that keep pushing up the price
I'd like 1 release a day for a week or so!
The 8k LITERALLY mentions Loopring.
WAGMI
Loopring is still in their 8k, like they mention loopring on several occasions, they're already in LRC before Immutable X, but we already knew that LRC wasn't going to build a marketplace, as they mentioned before, but Immutable X will be the one to do that, powered by both LRC and LMX, simply because the huge amount of transactions they'll expect and the low fee that LRC is currently providing
Yes.
From the 8-K:
EXHIBIT C ADDITIONAL PARTY OBLIGATIONS
https://gamestop.gcs-web.com/node/19586/html
Immutable first, Loopring potentially later.
That's wrong, it says they won't integrate any Blockchain other than Ethereum Layer 1 and Loopring without first having integrated Immutable. This means that ETH layer 1 and Loopring will probably be integrated before or simultaneously to Immutable X but they won't consider any the integration of any other Blockchain until this is done.
The partnership establishes an up to $100 million fund in Immutable X’s IMX tokens, which the parties intend to use for grants to creators of non-fungible token (“NFT”) content and technology. Immutable X will also become a layer-2 partner and platform for GameStop and the Company’s NFT marketplace that is expected to launch later this year
Later this year. 2022 release is huge, especially given RC joining not long ago. Exciting stuff for the future!
I liked this:
"Immutable X will become a layer-2 partner and platform for GameStop and the Company’s NFT marketplace that is expected to launch later this year."
Do yourself a favor and watch this awesome video about immutable x, to know more about the project
(The video it's not sponsor and has no ads)
"Immutable X will also become a layer-2 partner and platform for GameStop and the Company’s NFT marketplace that is expected to launch later this year. "
daaaaayuuuumn 🚀🚀🚀
HOLY FUD CAMPAIGN LOOK AT THESE COMMENTS!!! SHILLS ARE FURIOUS LOL.
Brace yourselves for anti-NFT narratives pushed by MSM to explain any incoming GME dips.
The anti-NFT narratives are already existing for quite some time and acutally hinder the adoption of NFTs. Multiple companies stopped working with NFTs because the backlash was so big.
This is extremely bullish, Kenneth Griffin who lied to Congress under oath and threw a bedpost at his ex wife is going to make it dip so hard.
Fuck that guy, GME GO BRRRRR 🚀🚀🚀
“United States citizens or residents are not allowed to receive IMX tokens due to regulatory uncertainties in the US.”
Meaning that this is one of many partnerships.
https://immutablex.medium.com/huge-imx-airdrop-for-early-backers-of-immutable-x-the-first-l2-for-nfts-48e731cd4d
Edit: it appears you can get IMX on Coinbase. I personally got a few to test. I’ve spoke with other apes that have played the game that are in the USA, maybe the quote from the site is old …. Dunno. Time shall tell. One thing I love about APEs…. We will find out lmao.
To the top, especially for LRC hodlers.
Ryan Cohen is Brilliant timing. He knows the total number of ComputerShare Directly Registered Shareholders. Ryan Cohen knows what 2021 Earnings are. Ryan Cohen does not have any restrictions on what he does with Game Stop Shares.
Today is SSR or Short Sale restriction and FOMO. Lots of Fails to Deliver Exposure from the ETF. Could you imagine the fear of being short GameStop yesterday…. 😱😱😱 Buckle the fuck up shareholders. All those shorts might want to cover pretty fucking soon……..
There are 10 types of people in the world
Those with GameStop shares
Those without
Hedgies R Fuq
For those “no loop” apes, Loopring is mentioned on page 22.
https://gamestop.gcs-web.com/node/19586/html
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This is the one.
Always get surprised how fast some of you are.
Take a look at their website. Seems legit! https://www.immutable.com/
Timing on this seems planned. Meta tanks in AH after horrible earnings report. GME releases news about their NFT plans (which is the first step towards their Metaverse) in PM the next morning.
RC is the man with the plan. And he is holding swords, not cards. Ready to strike death blows when appropriate. Not early.
Believe it or not, deep!
To the Oort Cloud we go! DRS!