01-07-2022 GameStop shares surge on plan to enter NFT, crypto markets GameStop Corp is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish cryptocurrency partnerships, a source familiar with the matter said on Thursday, boosting the video game retailer’s shares 27% in extended trading. GameStop shares surge on plan to enter NFT, crypto markets
The value of NFTs derives from the assurance provided by blockchain technology. That each NFT cannot counterfeit. Furthermore, as a digital asset, their whole transaction history is traceable and verifiable. Whether it be artwork, trading cards, baseball cards, audio, video, 3D animation, game assets, or any other kind of asset.
Whether it be actual or digital art. This one-of-a-kind virtual token may serve as a credential for everything. And associates with. Only the token’s owner can verify possession. It is possible to track the progress of the token throughout its lifespan.