GameStop announces partnership with FTX

The crypto exchange will help the video game company in the development and improvement of Web 3.0 technologies

08.09.2022 - 07:30

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What’s new? Video game retailer GameStop and the US division of cryptocurrency exchange FTX have announced a partnership. The exchange will become GameStop’s main Web 3.0 partner and will help the company in the development and improvement of relevant products. FTX US gift cards will also be sold in American stores of GameStop.

GameStop’s press release

What else is known about GameStop? The press release was released on the same day as the video game company’s quarterly report. It says that net income fell to $1,13 billion, down from $1,18 billion in the previous quarter. It also said that sales of “collectibles” rose from $177,2 million to $387,5 million.

GameStop is an American retailer of game consoles, computer games, and gaming accessories, founded in 2000. As of January 30, 2021, GameStop had 4816 outlets in the United States and 17 countries worldwide. The company’s shares are traded on the New York Stock Exchange (NYSE) under the ticker GME, as of September 8, 07:00 UTC, their price is $24,04, down by 4,38% per day.

GameStop launched its own cryptocurrency wallet in May and an NFT marketplace in July. Meanwhile, according to DappRadar, the trading platform’s daily revenue fell below $4000 on August 22. At the time of the project’s launch, NFT sales revenue was about $44 500.

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