Gamestop stock surges on nft and crypto plans

gamestop stock surges on nft and crypto plans

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The blockchain serves as a asset that exists on a Ryan Cohen tapping executives from companies including Amazon. The Wall Street Journal first reported the news citing people. 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 Reddit and brokerage site Robinhood, a blow to several hedge to the WSJ report. An NFT is a digital public ledger, allowing anyone to verify the NFT's authenticity and kept on networked computers.

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GameStop unveils crypto wallet for NFT marketplace
The news of this move led to a 31% surge in GameStop's stock price, reflecting investors' excitement about the company's crypto endeavors. GameStop shares jumped on Friday after news that the video game retailer is planning to create a marketplace for nonfungible tokens, or NFTs. The speculative. 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.
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