GameStop enters the NFT cryptocurrency! Shared rate increased by more than 30%

The Wall Street Journal announced yesterday that Meme Stock GameStop (GME) will set up a distribution that will focus on non-fungible tokens (NFTs) and cryptocurrencies.

According to the report, GameStop has hired a team of around 20 people into a new division dedicated to developing the NFT industry and developing cryptocurrency partnerships.

When the news broke, the GameStop stock price rose double-digit to $ 173.95 at a time, up over 30%. .

US video game retailers have quietly grown the NFT industry since May of last year, releasing several launches in October for software developers and marketers with Web3.0 and NFT capabilities. launched and major artists, game developers, companies and brands will be launched and registered as platform developers. .

An anonymous source told media that GameStop's NFT platform is expected to go live later this year and users will be able to buy, sell and trade NFT games on the platform.

GameStop also said that in the near future, it will partner with two cryptocurrency companies, share technology, and a joint venture in blockchain development, NFT games, and other NFT activities. In the past, there were rumors that Gamestop would work with Loopring, a Phase 2 solution based on ZKRollup technology.