GameStop Jumps 23% on Crypto & NFTs Plans – Report
January 07 2022 - 05:12AM
TipRanks
GameStop Corp. (NYSE: GME) is on the verge of launching a
division to develop a marketplace for trading nonfungible tokens
(NFTs), the Wall Street Journal reported. Following
the news, shares of the American video game, consumer
electronics, and gaming merchandise retailer jumped 22.7% in the
extended trading session on Thursday. According to the
source, more than 20 people have been employed for the new
division, which is expected to be launched later this year. The
company plans to build a marketplace for NFTs of virtual videogame
goods, including avatar outfits and weapons. Notably, GameStop
has asked selected game developers and publishers to list NFTs on
its marketplace once it is launched.
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