GameStop Shares Up 20% Premarket on NFT Plans
07 Janeiro 2022 - 8:57AM
Dow Jones News
By Will Feuer
Shares in GameStop Corp. gained 20% in premarket trading on
Friday after The Wall Street Journal reported that the company is
launching a division to develop a marketplace for nonfungible
tokens and establish cryptocurrency partnerships.
The video-game retailer has hired more than 20 people to run the
unit, which is building an online hub for buying, selling and
trading NFTs of virtual video-game goods such as avatar outfits and
weapons, the Journal reported, citing people familiar with
GameStop's plans.
The stock was trading at $157.75 a share after closing at
$131.03 on Thursday. Shares in the company have been a prime target
for so-called meme traders, who helped send the stock more than
680% higher last year.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 07, 2022 06:42 ET (11:42 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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