The video game retailer’s stock rose following the announcement of an NFT marketplace in an attempt to develop partnerships with other companies in the cryptocurrency space. According to the report, more than 20 people have been hired to run this new business division. GameStop plans for its online marketplace to act as a hub for all sorts of purchasing and trading of NFTs, ranging from weapons to avatar outfits.
Of course, this plan means nothing without some sort of infrastructure. That’s where the partnerships come in. GameStop is asking video game publishers and developers to list NFTs on their marketplace after it launches at some point this year. The retailer is also reportedly on the verge of signing partnerships with two crypto companies. Assuming everything moves forward as planned, GameStop expects to enter an additional dozen or so agreements with crypto companies throughout the year.
GameStop’s investment in NFTs and cryptocurrencies may be its way of attempting to stay afloat. The retailer reported a
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GameStop Shares Skyrocket Again After NFT And Crypto Market Plans EmergeGameStop stock surged more than 30% in after-hours trading Thursday.
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GameStop shares jump 26% in after hours trade after NFT division unveiledGameStop’s NFT unit will be tasked with building an NFT platform that enables the buying, selling and trading of gaming NFTs, along with establishing key cryptocurrency partnerships. Hi there! Excellent project! Send me a DM💌 I have a interesting proposal🔥🔥 You all should follow 24phippss he knows his stuff when it come to Bitcoin , his tweets and tips have been really helpful in the space I just feel like this is a time to get bullish on BTC , I believe 2022 could be very well the year where $BTC will show it’s true potential. Zamundan is a very good project I invest with no regret you can also check them out
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GameStop shares surge on plan to enter NFT, crypto marketsGameStop Corp is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish cryptocurrency partnerships, a source familiar with the matter said on Thursday, boosting the video game retailer's shares 27% in extended trading.
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WSJ News Exclusive | GameStop Entering NFT and Cryptocurrency Markets as Part of Turnaround PlanThe retailer is launching a division dedicated to the buzzy new technologies, according to people familiar with its plans, pushing the company into much-hyped areas as it tries to turn around its core videogame business. really man? you write articles about literally ALL the people that steal everything i write? as heroes? who knows. maybe the press were indeed the first trolls, the very first social actors. theNFTlawsuit thetrollconspiracy thepressconspiracy america followthewhiterabbit The universe is launching a solar ball that will rule the day & a lunar circle that will light the night this all according to people familiar with Genesis. AM Confused & wondering will the game stop? Are we in a loopring? This is what you are WSJ! Nothing but dolls for the rich!
Source: WSJ - 🏆 98. / 63 Read more »