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Gaming retailer GameStop says it will no longer focus any efforts on cryptocurrencies, after amounting $94.7 million in net losses in the third quarter and laying off staff from its digital assets department. On a Dec. 7 earnings call GameStop CEO, Matt Furlong, said it “proactively minimized exposure to cryptocurrency”
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The GameStop Q3 2022 earning report showed poor figures that reflect reduced consumer spending on its products.GameStop (NYSE: GME) recently reported a bigger-than-anticipated loss on its Q3 2022 financial outing. The video game and gaming merchandise giant missed analysts’ estimates for several reasons, including the inflation pinch. Following its earnings miss
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GameStop customers who have FTX gift cards will be given refunds. Original Source
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After announcing the non-fungible token (NFT) marketplace seven months ago, the American consumer electronics and gaming merchandise retailer, Gamestop, has officially launched the company’s NFT market on Immutable X. In addition to NFTs, Gamestop’s marketplace also features Web3 gaming with games like “Gods Unchained,” and the DC Comics NFT trading
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The nonfungible token (NFT) marketplace for American video game retailer GameStop has officially gone live on Ethereum layer-2 blockchain ImmutableX, all part of the latest Web3 push from the gaming retailer. The pair first partnered in February to build the marketplace offering a $100 million grant for NFT content creators and
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The marketplace’s official release is a result of a partnership that’s been months in the making. Original Source
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Gaming retailer GameStop is partnering with United States crypto exchange FTX US to bring more customers to crypto and work together on online marketing initiatives. In a Sept. 7 statement, the gaming retailer noted that the new partnership will introduce GameStop’s customers into the FTX ecosystem, including its marketplaces for digital
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GameStop stock was rising close to 10% after the release of the news and GameStop’s fiscal Q2 earnings. For the quarter ended July 30, the company reported revenue of $1.14 billion, compared to the consensus analyst estimate of $1.27 billion, according to FactSet. The company also reported an adjusted net
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GameStop NFT has produced over $166,800 in sales volume in the last 24 hours; yet, with the platform collecting only a 2.25% charge on NFT purchases, the statistic corresponds to only $3,753 in income. Daily income for GameStop's nonfungible token (NFT) marketplace has dropped to less than $4,000, indicating that
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