GameStop has been quietly preparing for its entry into cryptocurrency, blockchain and non-fungible tokens (NFTs), with its fiscal 2022 first-quarter earnings press release showing the company has been making hires and plans in that space for at least part of the three months ending April 30.
The video game, consumer electronics and gaming merchandise retailer revealed in the release that it “took steps to support the recent launch of a digital asset wallet to allow gamers and others to store, send, receive and use cryptocurrencies and [NFTs] across decentralized apps” in the quarter.
GameStop’s wallet extension will enable transactions on the company’s NFT marketplace, which is scheduled to launch at some point in the second quarter, according to the release.
GameStop also “continued hiring individuals with experience in areas such as blockchain gaming, eCommerce and technology and operations” during Q1, including a new chief operating officer with a background in retail and stores,...
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