GameStop Plans To Launch Their Million Dollar NFT Collection (100x Profit)

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GameStop is launching a division to develop a marketplace for nonfungible tokens and establish cryptocurrency partnerships, according to people familiar with its plans, pushing the company into much-hyped areas as it tries to turn around its core videogame business. Shares of GameStop skyrocketed in after-hours trading after the report laid out some of the company’s plans to build out a division to buy, sell and trade the buzzy digital collectibles, reversing recent losses for last year’s hit meme stock as the brick-and-mortar game seller doubles down on the cryptocurrency space to help mint a turnaround. The retailer has hired more than 20 people to run the unit, which is building an online hub for buying, selling and trading NFTs of virtual videogame goods such as avatar outfits and weapons, according to the people. After the announcement GameStop’s (GME) stock closed 7% higher after surging as much as 20%

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