GameStop stock soars 20% over the news it’s creating an NFT marketplace

GameStop is getting into the NFT sector by creating a marketplace for the non-fungible tokens.

The Wall Street Journal originally broke the news but since then, many sources familiar with the matter have spoken to other outlets. According to a source speaking with CNBC, GameStop’s plan is to establish cryptocurrency partnerships to “create games and items for the marketplace.” This marketplace, which is currently accepting requests to become a creator, will focus on virtual gaming items such as cosmetics and weapons.

It seems the company has been hiring folks with blockchain and crypto backgrounds for the last few months, and there are currently over two dozen staffers on the team.

Read more

Leave a Comment