GameStop Is Hiring for New NFT Platform on Ethereum
26 May, 2021•1 min read•NFT
Video-game retailer GameStop is building a team for a non-fungible token (NFT) platform based on Ethereum.
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 having traded for $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.