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GameStop's NFT Marketplace To Be launched By The End Of Q2
Summary: Popular game retailer GameStop (GME) plans to launch an NFT marketplace by the end of the second quarter of 2022, according to its fiscal fourth-quarter earnings report. The company has hired dozens of experts in fields like blockchain gaming, e-commerce and technology, product innovation, etc. In February, GameStop entered into a partnership with Immutable X, a ...
Popular game retailer GameStop (GME) plans to launch an NFT marketplace by the end of the second quarter of 2022, according to its fiscal fourth-quarter earnings report. The company has hired dozens of experts in fields like blockchain gaming, e-commerce and technology, product innovation, etc.
In February, GameStop entered into a partnership with Immutable X, a layer 2 system designed to support the development of the GameStop NFT marketplace and provide the company with up to $150 million in IMX tokens after certain milestones are achieved.
The company's financial performance fell short of expectations. According to FactSet, GameStop reported a loss of $1.94 per share in the fiscal fourth quarter, compared with analysts' consensus earnings estimates of $0.85 per share, and quarterly revenue of $2.25 billion, compared with analysts' estimates of $2.16 billion.
By Mary Liu
Tags: GameStop,Immutable X,NFT
Link: GameStop's NFT Marketplace To Be launched By The End Of Q2 [Copy]
