https://safirsoft.com GameStop sees stocks rise again on reports of NFT market plans
Two of the strangest trends of 2021 have come together to start 2022.

Two of the strangest trends of 2021 Thursday evening as GameStop shares soared as GameStop reports that it is building the NFT and the cryptocurrency market is collaborating with game developers. Publishers.

The news, first reported by the Wall Street Journal, is that GameStop has a 20-person console operating in the online marketplace and is due to launch later this year, offering in-game merchandise like NFT in limited supplies. It provides an encrypted signature. . In addition, magazine sources indicate that GameStop may be preparing to invest “tens of millions of dollars” in crypto-related companies, including the development of games that use the blockchain. Announcements

READ MORE The Dumb Complete Guide to GameStop Aerial Train GameStop Stocks, which closed today after a six-week drop to its lowest level since last March, right after trading after busy hours increased. Transfer. At the time of writing, shares are up more than 30 percent in just over an hour since the market closed, reminiscent of images of "stock memes" that surged back in January.

https://safirsoft.com Sees <b>GameStop</b> re-inventory increase based on <b>NFT</b> <b>market</b> reports Zoom / Promotional image from the NFT simple website GameStop.GameStop This is not the first indication that GameStop intends to join the NFT Group. The company launched a website in May. Never before at GameStop NFT, he set out to find "exceptional engineers (Strength, Reaction, Python), designers, gamers, marketers, and community leaders" for his team. But the magazine's report is the strongest sign yet of GameStop's short brief — the run plans to become a central clearinghouse for in-game NFTs for the broader industry rather than another supplier of branded digital kits.

Read more Why some investors are excited about Ryan Cohen as the next president of GameStop. The change is a much-needed issue for GameStop, which despite its stock price flexibility continues to post growing losses. Signs of a technology-driven shift predicted by new president Ryan Cohen have not shown real change for the company, which remains heavily focused on overall sales of new and used physical video games to the majority of companies. Depends on. It is her business.

But investing millions of dollars in a new space is risky. As massive NFT-based virtual land valuations and cash-generating game consoles like Axie Infinity gain momentum, there are signs that growth may not continue if the influx of new players and investors slows. Some see the NFTs as a bullish bubble that is supposed to bring in more short-term money than long-term value for publishers and players. Even years before the price hikes this evening. So who can say what defines "value" to investors?

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