GameStop’s stock surges to 7% higher with a report of its NFT marketplace

January 10, 2021

GameStop, a video game retailer, is up to creating co-partnerships with two crypto companies, according to CNBC. This partnership mechanism will be shared. Also, GameStop will co-invest in the evolution of games based on blockchain and NFT technology.

Chief Executive Officer and Director of GameStop, Matt Furlong said, “We are continuously analyzing emerging opportunities in blockchain, NFTs, and Web 3.0 gaming.”

In 2021, GameStop was the preferred “meme” stock among retail investors. The highly tentative stock grabbed the 3rd position among ‘most searched ticker’ in 2021. It left behind Tesla (TSLA), and AMC (AMC). The current outbreak of news of GameStop’s interest in NFT has led to a rise in it’s stock price more than ever.

Image Wikimedia Commons

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