Gamestop Earnings: NFT marketplace is set to bring change

Troubled video game retailer GameStop posted a net loss of $147.5 million in Q4 2021.

This emerges from the quarterly results published on March 17th .

The NFT marketplace expected at the end of the second quarter of 2022 should provide new impetus .

GameStop announced plans to set up an NFT marketplace as early as 2021, and the company specified its plan in January.

To this end, GameStop has entered into a partnership with the Ethereum scaling solution Immutable X.

A partnership that will “provide the company with up to $150 million in IMX tokens upon the achievement of certain milestones,” the company says.

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