GameStop has reportedly employed 20 members for its new NFT division, and is close to securing partnerships with 2 crypto firms for NFT game development.
The share value of Reddit's cult-favorite stock GameStop Corporation (GME) jumped by one quarter (in late trading following a Wall Street Journal report on its upcoming NFT division.
The U.S. retail game store large has been quietly working on an NFT marketplace since might, and ramped things up in October by listing many job openings for internet 3.0 and NFT-experienced software engineers and product marketers.
According to a January. six report from the WSJ, GameStop has currently employed more than 20 individuals to control its freshly minted NFT unit.
A nameless supply aware of GameStop’s plans told the outlet that the unit is building an NFT platform that permits the buying, selling and commercialism of gambling NFTs, beside establishing key cryptocurrency partnerships.
The marketplace is slated to launch later this year, and also the firm is claimed to be near to verbal creation partnerships with 2 crypto corporations which will share technology and co-invest within the development of blockchain and NFT games, beside alternative extra NFT comes.
The news was warmly welcome by after-hour traders who drove the value of GME up 26th since th market near to sit at $162.48 at the time of writing in step with Tradingview. late trading (AHT) is often quite volatile because of a lack of liquidity within the market however impacts the value of a stock in a very similar way to regular trading.
However, the WSJ’s lack of named sources, or direct confirmation from GameStop has raised the eyebrows of some a lot of conspiratorially-minded GME fanatics. in a very post that has 1,100 comments and a 97 upvote ratio on the r/Superstonk Reddit community, user “u/brettmagnetic” questioned if the WSJ article might even have that a lot of of a optimistic result on late GME commercialism.
“Sorry, but I don't believe the movement in price after hours has to do with the WSJ posting about the Gamestop NFT market. I think something else is happening and this article was put out to give the NFT market as the scapegoat for the price increase.”
User “MrFlags69” echoed similar sentiments, disceptation that: “The author attributable ‘the people’ because the solely supply I saw. this can be something however journalism.”
(Brian Quarmby, Cointelegraph, 2022)