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Gamestop to step up into the area of blockchain technology and NFT marketplace

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  • Crypto fans found a website developed by the video game store Gamestop. The website revealed that Gamestop intends to enter into the area of blockchain technology and the non-fungible token (NFT) marketplace. 
  • The NFT online site at Gamestop has just been updated, and creators are encouraged to join up for the blockchain technology and NFT platform.

GameStop Corp. is a video game, consumer electronics, and gaming items retailer situated in the United States.The firm is located in Grapevine, Texas (a Dallas suburb) and is the world’s largest video game store.

Currently, the firm operates in 4,816 locations with GameStop, EB Games, Micromania-Zing EB Games Australia, ThinkGeek, and Zing Pop Culture brands.

Gamestop had an eventful year

The Gamestop NFT marketplace looks to be preparing for launch, and the developer sign-up form is long. The survey asks the NFT creator what they want to be known and if they consider themselves to be an “independent artist, creator, game dev, or meme lord.” 

Gamestop also inquires about the individual’s website and whether or not they have ever made an NFT. The Gamestop inquiry also asks if the individual has “ever used an Ethereum wallet before.”

Prior to the website’s launch on April 8, 2021, Gamestop announced the employment of a security analyst with blockchain, cryptocurrency, and NFT knowledge. When it originally started, the website nft.gamestop.com didn’t provide much information, but today, Gamestop’s NFT web page indicates it is seeking NFT developers.

Furthermore, towards the end of May, Gamestop launched a new NFT website, showing that the corporation was dipping its toes into the world of NFTs.

To say the least, Gamestop (GME) has had an eventful year. It all started in January when the Reddit community r/wallstreetbets, triggered a trade battle between Gamestop and Wall Street hedge firms. 

Goldman Sachs executive David Kostin stated at the time that “if the short squeeze persists, the entire market might crash.” After the Wallstreetbets story faded from public view, Gamestop has managed to stay strong while near bankruptcy, with shares trading at $19.26 per unit on December 30, 2020. Today, the identical GME shares trade for $146.46 per unit, a 655.73 percent increase since that time.

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