GameStop enters in NFT marketplace shares jump 26%


GameStop is one of the largest video game retailers based in Grapevine, Texas. GameStop mainly deals in the video game, consumer electronics, and gaming merchandise around the globe.

As per the news, GameStop is planning to invest more than $100 million to create an NFT & blockchain-based ecosystem for game lovers.

These funds will be utilized to create a platform for game studios, artists, and content creators. Gamestop could even take it one step further by an initiative to build its gaming metaverse.

GameStop is planning to enter NFT & crypto race by launching a division to develop a marketplace for NFTs and by establishing partnerships with crypto communities.

GameStop also invited creators to join their mission after launching its NFT website last year. This initiative can take GameStop to new heights.

As recently OpenSea, an NFT marketplace recently reached $13 billion in valuation after securing $300 in funding.

GameStop has hired a team of crypto devs to build an NFT marketplace. As per the news, Loopring can be one of the potential partners for this development.

Loopring is a layer 2 solution for blockchain networks. Loopring builds protocols, infrastructure, and user-facing products for the future of finance.

Disclaimer: Cryptogurukul has no relationship to these projects, and there is no endorsement or investment advise. Please seek professional advice before taking financial risks.