GameStop Launches NFT Marketplace

Rhea-AI Summary

GameStop Corp. (NYSE: GME) has launched its public beta non-fungible token (NFT) marketplace, allowing users to buy, sell, and trade NFTs. This non-custodial marketplace is built on Ethereum Layer 2 technology, providing genuine ownership of digital assets secured on the blockchain. The platform also supports connections to individual digital asset wallets like the recently launched GameStop Wallet. Future expansions will include new categories such as Web3 gaming and additional Ethereum environments.

Positive

• Launch of public beta NFT marketplace enhances user engagement.
• Utilizes Ethereum Layer 2 technology for secure asset ownership.
• Expanding functionality to include Web3 gaming and creators.

Negative

• None.

Public Beta Version Live at https://NFT.Gamestop.com

GRAPEVINE, Texas--(BUSINESS WIRE)-- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has launched its non-fungible token (“NFT”) marketplace to allow gamers, creators, collectors and other community members to buy, sell and trade NFTs. The Company’s NFT marketplace is a non-custodial, Ethereum Layer 2-based marketplace that enables parties to truly own their digital assets, which are represented and secured on the blockchain. The marketplace, which can be accessed at https://nft.gamestop.com, allows parties to connect to their own digital asset wallets such as the recently launched GameStop Wallet. Over time, the marketplace will expand functionality to encompass additional categories such as Web3 gaming, more creators and other Ethereum environments.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, forward-looking statements can be identified by the use of terms such as “anticipates,” “believes,” “continues,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “pro forma,” “seeks,” “should,” “will” or similar expressions. These statements are only predictions based on current expectations and assumptions and involve known and unknown risks, uncertainties and other factors that may cause the Company or its industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. All forward-looking statements included in this press release are based upon information available as of the date of this press release, and GameStop undertakes no obligation to update or revise any of these forward-looking statements for any reason, whether as a result of new information, future events or otherwise, except as required by law. You should not place undue reliance on these forward-looking statements. The forward-looking statements involve a number of risks and uncertainties. Although GameStop believe that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. A number of factors could cause the Company’s actual results, performance, achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Factors that might cause such differences include, but are not limited to, those discussed in the Company’s most recent Annual Report on Form 10-K available at www.sec.gov and on the Company’s website at www.GameStop.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220711005691/en/

GameStop Corp. Investor Relations

(817) 424-2001

ir@gamestop.com

Source: GameStop Corp.

FAQ

What is GameStop's recent press release about?

GameStop has launched its public beta non-fungible token (NFT) marketplace for buying, selling, and trading NFTs.

How does GameStop's NFT marketplace function?

The NFT marketplace is a non-custodial platform built on Ethereum Layer 2, allowing true ownership of digital assets.

What technology does the NFT marketplace utilize?

GameStop's NFT marketplace uses Ethereum Layer 2 technology.

What future plans does GameStop have for its NFT marketplace?

GameStop plans to expand its NFT marketplace to include Web3 gaming and more creators.

What is the stock symbol for GameStop?

GameStop's stock symbol is GME.