{"id":55533,"date":"2022-01-07T10:25:04","date_gmt":"2022-01-07T08:25:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55533"},"modified":"2025-09-04T01:59:45","modified_gmt":"2025-09-03T22:59:45","slug":"media-reports-that-gamestop-plans-to-launch-nft-marketplace","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-reports-that-gamestop-plans-to-launch-nft-marketplace\/","title":{"rendered":"Media reports that GameStop plans to launch NFT marketplace"},"content":{"rendered":"

The American retailer GameStop, a chain of stores that sells gaming consoles and video games, has hired more than 20 people into a new division to develop an NFT marketplace. The Wall Street Journal<\/a> reports, citing sources.<\/p>\n

One of the interviewees said that the company plans to create a platform that will allow buying, selling and exchanging non-fungible tokens based on in-game items. The launch of the marketplace is reportedly slated for the end of 2022.<\/p>\n

According to the Journal, the initiative by GameStop is aimed at “to improve overall financial performance in light of the COVID-19 pandemic’s impact on its stores”.<\/p>\n

The WSJ also asserts that the retailer is close to signing deals with two crypto companies “to use their technologies and jointly invest in the development of games using blockchain and NFT technology”.<\/p>\n

GameStop’s shares rose more than 20% in after-hours trading.<\/p>\n

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GME NYSE chart. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

In the r\/Superstonk Reddit subreddit, one user doubted<\/a> that the WSJ article had a strong impact on GME’s quotes. He also pointed to the lack of comment from GameStop.<\/p>\n

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“I think something else is going on, and this article was published to make the NFT market a scapegoat for the price rise,” the author of the post wrote.<\/p>\n<\/blockquote>\n

Former hedge fund manager at Cramer & Co. and host of Mad Money on CNBC, Jim Cramer, reminded that he proposed that GameStop “go fully into cryptocurrency”.<\/p>\n

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“It took a little under a year, but they’re doing what I said they should have done,” Mr. Cramer said.<\/p>\n<\/blockquote>\n

Twitter users criticised his statement and reminded that the host had taken a negative stance toward GameStop.<\/p>\n

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Well\u2026 actually.. you said that after #GME<\/a> hired the blockchain experts and if I\u2019m not mistaken you actually said \u201cRyan Cohen has no plan and #GME<\/a> is a dying company\u201d (I believe that\u2019s word for word, and if not it\u2019s the most accurate summary of what you said) @jimcramer<\/a> = \ud83e\udd21<\/p>\n

\u2014 Space Monkey (@d_davidb) January 7, 2022<\/a><\/p><\/blockquote>\n