The stock price of GameStop (GME), a famous video game retailer, jumped over 13% in one day amid online speculations of a deal with Microsoft to work on Next-Generation Gaming (NFT).
According to TradingView data, GME is currently trading at $115.60 as of market close on February 8, and has also remained around that level in after-hours trading.
GME began February at roughly $100 and has been surging this month as a result of GameStop’s collaboration with Immutable X, a Layer-2 Ethereum scaling solution focusing on NFTs, to construct its future NFT marketplace. GameStop is also launching a $100 million grant programme for NFT content creators and tech innovators in IMX tokens as part of the agreement.
Rumours circulating on Reddit and Twitter about GameStop and Microsoft teaming up to provide NFT integrations into existing games, as well as developing new NFT-focused games.
While it’s not clear whether the partnership among GameStop and Microsoft will be happening or not, it’s very exciting to see that biggies like Microsoft are also likely to enter the NFT space.
