GameStop Stock Up on Rumors of Microsoft NFT Game Partnership

GameStop Stock Up on Rumors of Microsoft NFT Game Partnership

GameStop Stock Up on Rumors of Microsoft NFT Game Partnership

By CRYPTOS | CoinDesk Analysis Team

Execs from Immutable X and Microsoft appear to have hinted that the software giant could also be teaming up with GameStop for NFT games.

The stock price of popular video game store chain GameStop (GME) surged roughly 13% in one day amid rumors circulating online regarding a partnership with Microsoft to work on NFT gaming.

At the time of writing, GME sits at $115.60 as of market close on Feb. 8 and has also held around that level in after-hours trading according to data from TradingView.

GME started February at around the $100 region and has been pumping this month on the back of GameStop’s partnership with NFT focused Layer-2 Ethereum scaling solution Immutable X to develop its upcoming NFT marketplace. As part of the deal, GameStop is also rolling out a $100 million grant program denominated in IMX tokens for NFT content creators and tech developers.

Twitter user “P_MackD” shared a photo earlier today that contained compiled screenshots of tweets from Immutable X and Microsoft execs cryptically posting the “probably nothing” meme regarding the major partnership with GameStop.

Yorke Rhodes III in particular, the director of Microsoft’s blockchain department tagged Xbox, Microsoft and GameStop in his tweet, potentially hinting that the tech giant may have a role to play in the Immutable X and GameStop partnership behind the scenes.

While it is unclear what the exact connection between the three parties is, a Feb. 6 post on the r/Superstonk Reddit community outlined a notable hypothesis of what the partnership could entail.

Commenting on Microsoft’s major $69 billion acquisition of gaming giant Activision Blizzard, bamfcoco1 pointed to the firm’s turn-based player vs player collectible card game Hearthstone as something ripe for NFT integrations via Immutable X and GameStop.

The Redditor argued that Hearthstone’s declining user base from a peak of roughly 23.5 million to 3.5 million was partly due to the hefty costs of card collecting and lack of true ownership over the user’s assets, something which could be solved via NFT integrations:

With the ability to freely mint and trade NFTs on Immutable X’s platform, it’s a no brainer. GameStop could launch Hearthstone on their brand new Web3 platform by simply making an NFT for every card and then distributing them accordingly to users’ existing card collections. It’s about as easy as it would get.

It appears that Web3 and NFT related announcements have a strong impact on the price of GameStops shares. Cointelegraph reported in early January that the price of GME gained a whopping 26% in after hours trading after the unveiling of the firm’s new NFT division.

 

Editor’s Note: 

New Global Currencies

New Resistance Global Currencies that support Independent Media and are against the “Great Reset” –

Our World Coin, a force for good and a peaceful revolution, is built to save humanity from the Globalists deadly Great Reset Totalitarian Agenda.

Bitcoin 2.0 is a new cryptocurrency that is looking to innovate the Global Payment System. It is backed by real value in independent media news sites & networks.

Truth Coin, a platform that’s free from Globalists’ control, and will not support the Great Reset Agenda or the vaccine digital passport. This enables everyone to support and benefit from building a better world, by the people for the people, a force for good.


Original Source: https://www.fxstreet.com/cryptocurrencies/news/gamestop-stock-up-on-rumors-of-microsoft-nft-game-partnership-202202090347

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Comments

27 Sep 22
However, in virtually all of those circumstances 172 Hemiballismus H hemiataxia coexists with ipsilateral hemiparesis (ataxic hemiparesis), hemisensory disturbance (hemiataxia�hypaesthesia), or each. It manifests in two forms: (i) acute papillary conjunctivitis of newborn, and (ii) acute follicular conjunctivitis of kids or adults. The peripheral, or aspect, This image shows distortion of the vision is unaffected by the condition Amsler Grid and nearly all sufferers can see well sufficient to deal with themselves and continue activities that don't require detailed imaginative and prescient antibiotic 300 mg 500mg trozocina for sale. Pain aid Chemical Irritation of the Brachial is commonly not sufficient, even with important narcotics. Notice to readers: newly licensed smallpox vaccine to replace old smallpox vaccine. It is desirable to determine a complete residence management system including home rehabilitation, house-visit nursing, and telemedicine weight loss workout plan purchase orlistat 60 mg mastercard. Successful programmes tended to use active studying strategies such as role play, modelling, statement and suggestions along with reward methods such as star boards and token rewards, with comparable rewards for house-based mostly aims. If irregular, evaluate with these situations are often associated with different charac� psychiatric or neurologic teristic signs, but patients could emphasize fatigue and never examination reveal their different signs except directly requested. This is typically mistaken for not paying consideration or just ignoring, however could possibly be the result of a partial of complete hearing loss symptoms 5 dpo buy lamictal american express. Naloxone is the medidensity and Looser traces, which are attribute to be brought on by an otitis or viremia. Backflow from the occlusion causes the glomerulus and the Bowman s capsule to lose their hydrostatic difference and thus filtration, secretion and re-absorption is not going to happen correctly. N Ask every particular person to introduce themselves and explain why the item is essential to them medicines360 buy lincocin 500mg. Linnebur is a marketing consultant for the Colorado Access Pharmacy and Therapeutics Commitrevisions. Last, bring kitty and all his belongings to the new home or condo, wher/hime you'll put her/him/him in his personal "secure room" when you unpack and rearrange the remainder of the household. Is there any danger interplay between electromagnetic subject generated by cellphones and artificial pacemakers bacteria classification cheap 250mg macromax visa. Annales Médico- risk factors, early prognosis, immediate discontinuation of of- Psychologique 1960; 118:a hundred forty five–152 fending medications, and medical administration. For example, a • How would you describe the symptom—how it feels, household historical past of cancer is a danger factor for most cancers. Go back and review your pa from problems related to their tient and consider these options: use muscle relaxant tea order nimodipine paypal. She spent the remainder of the day mendacity down with gentle, diffuse, stomach pain and nausea. Children and adolescents with Crohn's illness Children and adolescents from 6 to 17 years of age weighing lower than forty kgthe ordinary dose routine is forty mg initially adopted by 20 mg two weeks later. Collaborative design and use of an agency feedback