GameStop, the prominent video game store and trade-in outlet is serious about its crypto-entry, having placed eight job posts in the last week, indicating a significant blockchain and non-fungible token (NFT) expansion. One of the listings even highlighted GameStop’s future plans, stating that “games are places you’ll travel” and that “blockchains will power the commerce beneath.” Two head product owners are needed for “Web3 gaming,” according to the job posting. Two job postings mention its NFT marketplace, for which the business is looking for three senior software engineers and three product marketing directors.
The job postings make it apparent that crypto-forward candidates are encouraged to apply, implying the company’s ambitions to expand into the field. While the “Web3 gaming” item alludes to GameStop’s desire to create a metaverse akin to the one mentioned by Facebook CEO Mark Zuckerberg, the other two listings are focused on its NFT marketplace expansion.
The advertising adds, “Deeply understand what our gaming partners are seeking to achieve and how NFTs may be a critical business driver.” Those with “NFT marketplace expertise and understanding of crypto, Ethereum, and Ethereum Layer 2 products” are needed for roles on the NFT platform, which was initially mentioned in May 2021.
This confirms that GameStop intends to build its own NFT marketplace rather than relying on a third-party marketplace to launch NFTs.
Social Media Bots are hyping GameStop and other ‘Meme Stocks,’ according to one analysis.
Redditors were overjoyed when the positions appeared on GameStop’s website. Over 10,000 people reacted to a post that included a screenshot of the job posting, with many users supporting the decision.
The news comes at a time when the gaming industry is still figuring out how to connect its existing products with crypto payments and NFTs.
While it may appear that gaming and virtual worlds are a natural fit, not all major gaming platforms are on board.
Steam has issued a prohibition on games that use crypto and non-fungible tokens (NFTs). Epic Games, on the other hand, issued a rebuke, saying that it is “open to games that enable bitcoin or blockchain-based assets.”
On the other hand, blockchain-based games like Axie Infinity have exploded in popularity, and in-game NFT trading has become increasingly popular. So much so that a new community of gamers is focusing on blockchain gaming as a way to generate passive revenue.