GameStop’s NFT Launch Begins Well, Accrues $3.5 Million in Two Days

GameStop's new Ethereum-based NFT marketplace has managed to accrue some impressive sales within hours of launch. This is despite the current harsh crypto market and the fact that Gamestop’s marketplace is yet in beta.  A Solid Beta Launch On July 13th, GameStop launched its NFT marketplace hosted on the Ethereum network. It has since seen transactions leading to a trading volume of over 3,167 ETH. This is equivalent to about $3.5 million in fiat. These reports are sourced from data…

GameStop Unveils New Wallet in Plans for NFT Marketplace

Longtime electronic game giant, GameStop, has announced the release of its beta NFT wallet. The unveiled wallet is the first step to GameStop's goal of a native Ethereum-based NFT marketplace. GameStop Wades in Web3 Waters On Monday, 23rd May, GameStop took to its official Twitter account to publicize the development. The new wallet, downloadable on GameStop’s website, would allow users to send and receive digital assets without leaving their web browsers.  https://twitter.com/GameStop/status/1528693604364976129?s=20&t=xkghM9-X6-nnLMg4U5cgQQ According to the announcement, GameStop’s wallet boasts Ethereum…

GameStop Wants to Launch Its NFT Marketplace

In the pre-covid era, the gaming giant GameStop experienced a slow decline in its sales, surpassed by the online market and the success of streaming gaming platforms. Luck would have it that a group of willing to do anything traders brought this company back into fashion via a popular group on Reddit. Many have seen a parallel between the retail investing community that boosted GameStop's share price and that which invests in cryptocurrencies. Today, the paths of the crypto world…

ETH Could See Massive Surge of Users as GameStop Launches NFT Platform

American video game retailer GameStop has undertaken a significant transformation strategy. The company made waves in January after the WallStreetBets subreddit group coordinated a legendary short squeeze. Moreover, the effort managed to bankrupt some Wall Street giants. Subsequently, GameStop’s meme stock rose to the moon. The gaming retailer has since welcomed a new CEO, Chewy founder Ryan Cohen. Mr. Cohen sees the potential for GameStop to become the Amazon of gaming. The CEO is on a mission to revitalize GameStop’s image from a…

Robinhood Raises a New $3.4B to Support Surging Consumer Demand

The trading unicorn, Robinhood, has raised $3.4 billion to its balance sheet from shareholders. The amount seems to reach this magnificent amount from a 1 billion fund support it announced on Friday. Robinhood seeks to support a flood of retail investors looking to inject their capital in individual stocks on its app. The whole decision was spurred by social media investors boosting the shares in GameStop. In its release, Robinhood said that they would build and enhance their products to give…

Bittrex Global Lists tokenized stocks of GameStop and AMC Entertainment

Popular bitcoin exchange Bittrex Global has announced its plans to tokenize all stocks delisted on  Robinhood. The Bermuda based exchange revealed this today in a press release as it looks to take advantage of the backlash against Robinhood. Bittrex Intends to List all Delisted Stocks on Robinhood Bittrex revealed that it had listed tokenized stocks of GameStop and AMC Entertainment recently delisted on Robinhood. The exchange also revealed that tokenized stocks of Nokia, BlackBerry, and iShares Silver Trust had been…