Sam Bankman-Fried's crypto exchange FTX US and GameStop have signed a deal that aims to bridge the gap between the crypto and gaming industries.
GameStop has debuted a non-custodial NFT marketplace which has been built on Ethereum Layer 2 (L2).
Shares of the company's stock fell by $0.39 from Monday, with its shares down 5.5% in after-hours trading.
Gamestop is set to launch a new NFT marketplace by the end of Q2 2022.
The launch date of the NFT marketplace has been advanced from the end of this year to late July.
The video game retailing giant intends for its NFT marketplace to feature "billions of low-cost, in-game assets that can easily be bought and sold," particularly noting in-game skins and digital real estate to be included.
Gamestop and Immutable X partnered for the former's upcoming NFT project. Previously Loopring was speculated to be a part of this deal.
The excitement around meme stocks is dwindling as attention is beginning to shift to companies specializing in metaverses
GameStop updates its website with an invitation to content creators, individual/company, to mint NFT.
Loopring announced the iOS version of its new L2 counterfactual wallet which confirmed rumors of a partnership with GameStop.
Individual investors have remained bullish on the stock ever since its epic rise to $480 last January.
Investing app Robinhood faces both clients hurling feces and a range of lawsuits from regulators, disgruntled account-holders and a family who lost their son.
A number of cannabis companies have become the latest target of rookie day traders from the WallStreetBets subreddit.
The billionaire has tweeted about the meme cryptocurrency multiple times since Jan. 29.
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The Bitcoin community on Reddit has reached a new milestone as more and more retail investors became interested after the GameStop stock push.
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