GameStop, the formerly-irrelevant store known for selling video game related items for MSRP or buying back items at a fraction of the original price, has been in somewhat of a renaissance.  Stemming from the Reddit "short sell" defense that pumped GME with loads of money, they decided to get into the crypto game, namely NFT and Web3 gaming.  Well now they have a new powerful partner, FTX.  FTX is joining forces with GameStop, with the latter becoming the "preferred retail partner in the United States.”   This partnership comes on the heels of their quarterly report, which saw a 4% decline in net sales to $1.14 billion.

I have to admit, I thought GameStop would fail with this Web3 endeavor when it was first announced.  However, they are still flying (somewhat) high with investors still backing them and their Web3 roadmap.  It will be interesting to see if they can become the #1 stop for all Web3 retail shoppers.  If so, be prepared to buy some stock as well!

Written by: nikethereum.eth / Medium / Mirror