The video game company plans Jim Stop To launch the NFT platform for video game fans by the end of this year, according to informed sources told Bloomberg.
NFTs are ownership contracts for digital assets that are registered in virtual platforms in the name of the creator of the content or digital asset such as photos, videos, graphics, music, etc.
GameStop is in talks with crypto and blockchain companies regarding the quality of tokens or digital content that can be sold on its platform.
The company is discussing with its partners the possibility of establishing a number of investment funds with a size of up to $100 million each, to invest in content makers for NFT platforms and in video game companies.
It is noteworthy that the company’s shares blew up the hedge funds that bet on the stock’s decline, while placing the Senvest Fund, on top of the gainers, following the fund reaped a fortune from its bet on the rise of the shares to end the year with a return of 85%.
