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GameStop Is Hiring for New NFT Platform on Ethereum
The video-game retailer has already created a token for its NFTs on Ethereum.
Video-game retailer GameStop is building a team for a non-fungible token (NFT) platform based on Ethereum.
STORY CONTINUES BELOW
- A sparsely populated page on GameStop's website said the company is welcoming "exceptional engineers ... designers, gamers, marketers, and community leaders" to join the team and includes a link to an Ethereum address.
- The address shows that as part of the plan for the platform, GME has already created an ERC-721 standard token, which is used to create NFTs.
- While details of the planned platform are so far in short supply, a graphic stating "Power to the players. Power to the creators. Power to the collectors," may suggest NFTs will be based on gaming.
- GameStop was at the center of a trading frenzy driven by Reddit forum WallStreetBets in January, which saw the company's stock soar as high as $483 on Jan. 27 compared to $18 at the end of 2020.
- The stock has experienced a smaller yet still significant rally in recent weeks, priced at $217.99 in pre-market trading Wednesday, an increase of nearly 23% since the start of May.
Read more: Binance to Launch NFT Marketplace in June
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
