A familiar source revealed that GameStop has hired more than 20 people for the new division. The company’s stock rose following the news.
The leading video game retailer in the United States has confirmed its foray into the universe of tokens no fungibles (NFT).
GameStop is creating a new division to enter the NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. gaming market an area or arena, online or offline, in which commercial dealings are conducted. and is looking to establish partnerships with companies in the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. space. . A person familiar with the matter disclosed the information to Wall Street Journal which reported the news Thursday.
The announcements boosted the company’s stock price, which soared after the market closed. According to TradingView the actions of GameStop (GME) prices are up 33% since the market closed Thursday above $170. However, by press time, the price has dropped to $131, a slight increase of 1.28% in the last 24 hours.
GameStop moves forward on NFT with crypto partners
Various reports last year had advanced that the video game and consumer electronics retailer was quietly working on an NFT platform.
In May, GameStop there was posted a job offer inviting to “ outstanding engineers “and product marketers with Web3 and NFT experience. Then, in October, code the action of coding is to write programming statements for a program. leaked from the public repository of GitHub gitHub is one of the most popular code hosting platforms, allowing developers to collaborate on various projects. de Loopring reveló that the company was possibly working on an NFT platform based on Ethereum a decentralized open-source blockchain with smart contracts functionality. .
Although the company has not officially disclosed the plans, a source close refers to the closing price; similar to the same term used in stock trading. to the company told Wall Street Journal que GameStop has already hired more than twenty people to work in a new division focused on NFT. The person further disclosed that this unit is building a platform a place to buy, sell and store cryptocurrency that will enable the buying, selling and trading of gaming NFTs.
Citing the knowledgeable source, the report also stated that GameStop plans to strike deals with startups in the cryptocurrency industry to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. the effort.
The collectibles marketplace is set to launch in late 2022, and the retailer is said to be close to signing partnerships with at least two crypto companies, which will share technology and jointly invest with GameStop for game development Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. and NFT, along with additional undisclosed collectible projects.
“ The retailer expects to enter into similar deals with a dozen or more crypto companies and invest investing is when you put money in a financial scheme with the intent of making a gain. tens of millions of dollars in them this year “, the publication added.
Video game companies explore NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain).
The news, which is part of a larger trend of video game companies looking to expand into NFTs, gave GME stock another boost.Recall that in early 2021, shares of GameStop experienced a meteoric rise after the impetus of the community of Reddit ,WallStreetBets. At that time, GME’s price rose from $20 to nearly $500. Since then, the stock price has fallen from that high, but has been helped by digital digital technologies are these electronic tools that have the ability to generate, store or even process data. innovation announcements.
Other prominent companies in the video game sphere have also announced in recent months the exploration of NFT. Ubisoft the company behind hit games likeAssassin’s Creed y Just Dance, introduced in December a new platform called Quartz which will allow players to earn and purchase NFT from popular games.
Also Square Enix one of the world’s largest video game companies and the creator of famous brands such as Final Fantasy, is thinking about adopting the NFTs and the metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. as revealed in a letter from its CEO. However, it seems that not all of the gamers have embraced the adoption of NFT by their favorite brands as a positive thing. Some NFT releases, such as STALKER 2, from the company’s GSC Games have backed out due to the players’ rejection.
- GameStop accepts meme cryptos Shiba Inu, Dogecoin and metaverse cryptos like Axie through the Flexa payment processor.
- Electronic Arts CEO calls NFTs “an important part of the future of the video game industry”.
- Pokémon Go creator raises $300 million to build ‘real world metaverse’
Article versioned by Hannah Estefania Perez / DiarioBitcoin
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