A report in The Wall Street Journal suggests GameStop has a 20-person unit working on a DeFi marketplace, set to launch later this year, which will offer in-game goods as supply-limited, cryptographically-signed NFTs. In addition, the Journal’s sources suggest GameStop may be preparing to invest “tens of millions of dollars” in crypto-related companies, including the development of games that use the blockchain.
This isn’t the first sign of GameStop’s intent to get in on the NFT bandwagon. The company launched a bare-bones website for “GameStop NFT” back in May, seeking “exceptional engineers (Solidity, React, Python), designers, gamers, marketers, and community leaders” for its team.
Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.