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Stock Markets7 hours ago (Jan 06, 2022 04:47PM ET)

GameStop Reportedly Will Launch NFT, Cryptocurrency Marketplace; Shares Surge © Reuters.

By Yasin Ebrahim – GameStop is surging in after-hours trading Thursday as the video game company is launching a business to create a marketplace for nonfungible tokens, or NFTs, and enter cryptocurrency partnerships, The Wall Street Journal reported, citing unnamed sources.

GameStop (NYSE:) jumped more than 16%. 

Gamestop has hired more than 20 people to run the new business – to be launched this year – and establish an online marketplace for buying, selling and trading NFTs of virtual videogame goods including avatar outfits and weapons, according to the report.

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