Key Takeaways
GameStop exposed its strategy to release its NFT marketplace by the end of Q2 this year.
The firm kept in mind that it had actually employed loads of workers working with Web3 pc gaming.
The firm has actually had plans for its very own NFT marketplace for almost a year currently.
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GameStop has actually released its Q4 as well as 2021 outcomes. In the record, the video game firm informed the general public of its objective to release its NFT marketplace by the end of Q2.
GME NFTs
GameStop has actually revealed its objective to release its long-teased NFT marketplace at some point in the 2nd quarter of this year.
In its fourth-quarter review, the firm highlighted the truth that it “hired dozens of additional individuals with experience in areas such as blockchain gaming, ecommerce and technology, product refurbishment and operations.”
Moreover, the company highlighted its collaboration with the Ethereum-based NFT scaling option Immutable X, which would certainly include Immutable X promoting the growth of the NFT marketplace GameStop had in the jobs. As component of this offer, GameStop would certainly obtain as long as $150 million well worth of IMX symbols. As of the adhering to day, GameStop had actually marketed almost 15 numerous the IMX symbols it had actually obtained as component of the collaboration.
GameStop finished in 2014 with $1.271 billion in money as well as money matchings.
As much back as May of in 2014, GameStop had actually been taking actions in the direction of its very own non-fungible token marketplace. As was highlighted in its record, the firm made numerous hires connected to its marketplace for NFTs, consisting of 8 even more work listings simply last October. As of Dec. 28, GameStop was trying to locate NFT material makers.
At press time, shares of GME had actually rallied on the day, up over 7%.
Disclosure: At the moment of composing, the writer of this item possessed BTC, ETH, as well as a number of various other cryptocurrencies.
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