GameStop shares surge on plan to enter NFT, crypto markets


FILE PHOTO: A GameStop Inc. store is shown in Encinitas, California, U.S., May 24, 2017. REUTERS/Mike Blake/File Photo

(Reuters) - GameStop Corp is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish cryptocurrency partnerships, a source familiar with the matter said on Thursday, boosting the video game retailer's shares 27% in extended trading.

GameStop declined to comment. The Wall Street Journal first reported the news citing people familiar with the matter.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Sweet little lies: People inclined go along with 'dishonest' robots
Musk's xAI in talks for share in future Tesla revenue, WSJ reports
Review: Ignore the negativity, ‘Star Wars Outlaws’ is fun and refreshing non-Jedi adventure
Social media platform X back up after brief outage, Downdetector shows
MCMC to quarantine rather than block websites with minimal prohibited�content
New iPhone will use Arm’s chip technology for AI, FT reports
‘Astro Bot’ review: All history lessons should be this fun
Byju's auditor BDO resigns after start of bankruptcy proceedings, company says
Barbershop murder video in the US called too gruesome, yet still up
More kids in the US have an eye condition these days. Why you shouldn’t be too quick to blame phones

Others Also Read