Redditors laud GameStop for assembling team of NFT experts

Redditors laud GameStop for assembling team of NFT experts


US-based video games and gaming merchandise retailer, GameStop, has announced it has assembled a team of blockchain and nonfungible token (NFT) experts for a project on the company’s upcoming NFT platform.



GameStop’s GME stock is known to be a cult favourite among retail traders due to the r/Wallstreetbets and Robinhood saga earlier in 2021. 


On Reddit, the r/Superstonk community comprises 659,000 members, its activities mainly dedicated to hosting stock or business-related discussions pertaining to GME.



A post on Reddit about GameStop’s ongoing job listings dated October 26 has received more than 10,000 upvotes while this news was being written. Simultaneously, many members are posting bullish sentiments over GameStop’s latest move.



GameStop had reportedly unveiled a bare-bones website for its NFT marketplace in May 2021. The site is currently featuring a Nintendo Gameboy-style gaming console bearing an Ethereum logo, along with an advertisement to recruit professionals for working on the platform.



On October 25, Monday, GameStop posted about eight job listings announcing requirements for crypto-friendly candidates to place three of them as NFT-experienced software engineers, another three as product marketers, and two on Web 3.0-based gaming.



One of the roles of the Web 3.0 gaming job describes that GameStop is looking for someone having experience in “Ethereum, NFTs and blockchain-based gaming platforms.” The firm has also hinted that it has plans related to a metaverse already in the lineup.



Its job listings further read as an individual who can help “accelerate the future of gaming and commerce,” where in the future, games should be “places to go” while play should be “driven by the things you bring.” It continued, future creators at GameStop “won’t just build games but also the components, characters, and equipment,” while blockchains would be responsible for powering the commerce underneath.



Reddit members of the r/Superstonk community were lauding the firm, with u/Triaspia2 calling the recent string of requirements as the “best job listings” they had seen, simultaneously pleading to buy more GME taking it as a “bullish signal.”


Redditor u/Donnybiceps sounded equally bullish, noting that “NFTs are the future” and that people who hadn’t yet boarded “the GME train” while knowing these clues should blame no one but themselves “for not thinking this through.”



GME has witnessed a volatile performance in October 2021 so far, going as low as $166 before bouncing back to around $187, and then subsequently crashing down again. However, as per data from TradingView, the price of GME has still gained 2.8 per cent this month, sitting at $178 while writing this report. 



The year-to-date gain for GME is a whopping 844 per cent.

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