The share price of GameStop rose as it plans to create a marketplace for non-fungible tokens (NFTs). The company plans to enter a cryptocurrency partnership to create games for its virtual marketplace.
GameStop's share price rose by 23% during premarket trading. The rise was due to the news about GameStop creating a marketplace for NFTs.
Adam Hollander state that GameStop is in a unique position as NFT projects is incorporating gaming utilities.
Adam Hollander is an NFT investor and creator of Hungry Wolves NFT collections. He further states that GameStop will be able to capitalize over a hundred million game users.
GameStop NFT Plan
The plan to venture into cryptocurrency was in the works for months. The company acquired a crypto advisor to support the NFT plan. The compan...
