© Reuters.
Investing.com – Video game chain stocks GameStop Corp (NYSE 🙂 ended post-market trading up more than 22% yesterday, after gaining as much as + 30%, amid rumors the company is preparing to launch an exchange platform NFT (non-fungible tokens).
The Wall Street Journal indeed reported Thursday evening that GameStop has hired nearly two dozen people to manage an NFT platform, intended to be used for the exchange of virtual assets in video games.
The marketplace is expected to launch later this year and the company is said to be close to entering into partnerships with two cryptocurrency companies that will share the technology and co-invest in blockchain and gaming development. NFT, as well as other NFT projects.
An NFT is a digital asset that exists on a blockchain, a record of transactions kept on networked computers. The blockchain serves as a public ledger, allowing anyone to verify the authenticity of the NFT and its owner.
The report says GameStop has approached some game developers and publishers to list NFTs in its marketplace when it launches later in the year, according to interviewees.
It should be noted that GameStop investors have been eagerly awaiting the launch of an NFT marketplace and a cryptocurrency game for a few months now, believing it to be a key part of the master plan of turnaround of company president Ryan Cohen.
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