Gamestop shares surge on report it will create NFT marketplace
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A group of pedestrians passes by a GameStop store in New York on December 23, 2021.
Scott Mlyn | CNBC
GamestopAfter the Wall Street Journal, shares rose more than 14% during extended trading reportedThis retailer is creating a platform for tokens that are not fungible, commonly called NFTs.
According to the report that cited sources familiar with the matter, Gamestop plans to form cryptocurrency partnerships in order to develop games and products for the market.
According to the report, Gamestop will become one of the most talked about technology sectors. OpenSea is the most well-known NFT marketplace. valued at $13.3 billionInvestors.
NFTs allow proof of ownership to digital goods to be stored onto a blockchain. Often Etherium is used. NFT prices rose in the last months due to the enthusiasm of cryptocurrency owners about the technology’s potential.
According to the report Gamestop’s virtual gaming marketplace will concentrate on character outfits, weapons and other goods.
Gamestop has not yet responded to our request for comment. Gamestop stock closed at 59% on Thursday, a drop of more than 59% over its January 2021 peak.
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