GameStop is moving beyond NFTs and is now investing in blockchain gaming

GameStop is moving beyond NFTs and is now investing in blockchain gaming

GameStop has a multi-faceted approach to web3. The company plans to open an NFT marketplace where users can buy and sell digital non-fungible tokens on the popular Ethereum blockchain. Alongside NFT creators, which GameStop is currently trying to woo, the retailer would take a cut on every auction and sale. Sources also tell the WSJ that GameStop has invested millions into new crypto business deals for play-to-earn blockchain games. These experiences would ideally fuel the engagement wheel required to spin NFT content sales and trades.

GameStop is going all-in on blockchain gaming and NFT trading as a way to make money. Store with a physical location In order to bolster its weak retail business, GameStop is spending big on emerging and speculative digital technologies like blockchain. According to The Wall Street Journal, GameStop’s new blockchain business section employs over 20 workers, and the unit has been corroborated by recent company job advertisements.

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man’s Sky with the magic of VR.

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  • GameStop is moving beyond NFTs and is now investing in blockchain gaming
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