GameStop will be a significant investment in the NFT ecosystem

Significant investment as the new year 2022 begins.

According to a report published in Bloomberg, GameStop plans to evolve into a fully digital platform. The company reportedly talks with several blockchains and crypto companies to understand market demand.

GameStop plans to create multiple funds of up to $ 100 million to be invested in artists, content creators, and video game studios. Because play-to-earn (P2E) games are in high demand today within the NFT ecosystem, GameStop may decide to tell the P2E market with its vast experience in video games.

While NFTs were first created in 2012, they became mainstream in 2019-20, when sports leagues began to use them as fan tokens. 

However, in 2021 NFTs caused a frenzy in the market, as they became as popular as the Defi market. Despite the growing number of scams, we see every day within this industry, which probably also triggered the saturation of this market, the NFT ecosystem continues to expand more and more.

The NFT craze combined with Metaverse is a vast market opportunity for start-ups, and Gamestop could take the initiative to create its video game metaverse.

 Facebook, the largest social media platform with over 2 billion customers, was recently renamed Meta to leave its mark on Metaverse.

 So GameStop, with this investment, could develop its video game metaverse.

Our articles are for informational purposes only and do not replace specialized consulting services with professional experts.