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Now let’s get down to news:
GameStop Soars On Reported NFTs Plans
The stock jumped more than 30% late Thursday after a report that the video game retailer is launching a marketplace for non-fungible tokens (NFTs).
GameStop’s (GME) – Get GameStop Corp. Class A Report stock has surged as much as 31% in late trade Thursday after The Wall Street Journal reported that the company is launching a division to build a marketplace for NFTs, or non-fungible tokens, which are unique pieces of digital collectibles blockchain-based deeds of ownership to different kinds of virtual items.
The unit’s task is to build an online hub for buying, selling and trading NFTs of virtual video-game goods such as avatar outfits and weapons. Twenty people have already been hired.
NFTs, which have exploded in popularity, as everyone from global consumer brands to artists have rushed to sell digital collectibles, can vary and reach hundreds of thousands of dollars worth of Ether, a well-known cryptocurrency and blockchain connected to most kind of NFTs.
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