Well got NFT, exploded GameStop stock.
Shares of GameStop Corp jumped 27% after they planned to set up a marketplace for non-fungible tokens (NFTs) and apply for cryptocurrency sharing.
The video game retailer is undergoing a reshuffle with chairman Ryan Cohen dismissing executives from companies including Amazon.com Inc. to keep GameStop away from physical and e-commerce businesses.
GameStop is currently looking for selected video game developers and publishers to list NFT in its market which will launch later this year.
In the meantime, they have hired more than 20 employees to run the unit for the construction of an online hub to buy, sell and trade NFT video game collections such as avatars and weapons.
For the record, GameStop was the focus of a ‘meme’ stock trading frenzy last year that saw shares of Reddit, news site and shares of Robinhood, the brokerage site rampant.
