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GameStop (GME) to Create its own NFT Marketplace

by Handy
May 26, 2021
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GameStop (GME) to Create its own NFT Marketplace
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Gaming retailer GameStop is growing a nonfungible token (NFT) platform and is at present constructing a crew for it.

GameStop is seeking to enter the non-fungible token (NFT) market and is at present hiring creatives that would assist to make it occur. That is in response to info from the corporate’s web site, the place GameStop has devoted a web page to NFT growth.

The company said, “We’re constructing a crew. We welcome distinctive engineers (solidity, react, python), designers, players, entrepreneurs and group leaders. If you wish to be part of our crew, ship your profile or one thing you’ve constructed to: [email protected].”

For the time being, the precise scope of the mission stays unclear. Nevertheless, GameStop added a hyperlink to an Ethereum handle on the web page, which might signify that the NFT platform could be developed on the Ethereum blockchain.

The NFT market has acquired a number of consideration in latest months. NFTs have gained adoption in quite a few sectors, together with sports activities, music, movie and artwork. To date, fashionable celebrities reminiscent of The Weeknd, Eminem, Tom Brady and LeBron James have all launched their NFTs. Additionally, sporting establishments like Main League Soccer, Manchester Metropolis, the NFL and the NBA have additionally launched their NFT collections.

GameStop’s smart contract code exhibits ‘Recreation On Anon’ and hyperlinks to the corporate’s NFT web page. The code signifies that GameStop might develop a devoted token, GME, for the NFT platform.

The corporate didn’t reveal its meant viewers. Nevertheless, an animated picture on the webpage did characteristic textual content that learn, “Energy to the gamers. Energy to the creators. Energy to the collectors.”

GameStop noticed elevated prominence a number of months in the past when retail traders on Reddit and different social media platforms pumped its inventory value. This led to some brokerage platforms reminiscent of Robinhood stopping folks from shopping for the inventory.



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