GameStopannounced a new crypto-focused partnership agreement while announcing its second fiscal quarter report.
Giant game retailer, world’s largest cryptocurrency from the stock markets FTX announced to the public that it has established a partnership with
GameStop will partner with FTX.
— Bitcoin System (@bitcoinsystem) September 7, 2022
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The companies announced the agreement in the press release with the following sentences.
“With this partnership agreement, we aim to introduce the FTX exchange and crypto assets to GameStop customers. FTX will be one of the main sponsors of GameStop.”
The deal will begin selling FTX gift cards at hundreds of GameStop stores across the US. The material details of the collaboration were not disclosed by either company.
GameStop Increases Investments in NFTs
Game retail giant GameStop recently announced its 2nd quarter report. The company’s total sales fell from $1.18 billion to $1.14 billion.
A detail did not go unnoticed in GameStop’s 2nd quarter report. The increase in GameStop’s investment spending is mind-blowing. NFTs brought. In addition, despite the decline in the company’s general sales, the rise in collection sales drew attention.
GameStop, like many companies, is turning to the digital asset space to increase its profitability. The company launched an NFT marketplace last July. NFTs listed on the marketplace are traded through the FTX exchange.
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