Videogame retailer GameStop (NYSE:GME) could quickly be venturing into the sphere of cryptocurrencies and non-fungible tokens.
What Occurred: GameStop positioned an advertisement on its web site on Thursday, saying it’s in search of a safety analyst who might be accountable for monitoring in addition to sustaining knowledge and platform confidentiality in an enterprise atmosphere. The safety analyst should have “abilities and expertise” in blockchain, cryptocurrency or non-fungible tokens (NFT).
Different fascinating abilities for the candidates embody machine studying, synthetic intelligence, eCommerce, Cloud platforms, eSports, malware evaluation, and risk intelligence.
The job opening is at GameStop’s headquarters in Grapevine, Texas.
Why It Issues: GameStop’s intention to rent a safety analyst with expertise in blockchain, cryptocurrency and NFTs may indicate that the corporate is seeking to mint NFTs or planning so as to add a token to its platform.
NFTs, blockchain-based tokenization of collectible gadgets or artwork items, are seen as having a brilliant future in on-line video games. Early NFT adopters included recreation builders that have been deploying code to the Ethereum blockchain to create their very own video games, like CryptoKitties and the development has picked up in latest months, with a tokenized model of Beeple artwork going for $69 million.
Others to have come onboard the NFT prepare embody Jack Dorsey — who heads Twitter Inc. (NYSE:TWTR) and Sq. Inc. (NYSE:SQ), Tesla Inc. (NASDAQ:TSLA) Elon Musk’s companion — the Candian artist Grimes, actress Lindsay Lohan, rapper Snoop Dogg, to depend just a few.
In early 2021, GameStop emerged as a darling of Reddit retail traders who carried out a short squeeze within the inventory.
Shares of the struggling brick-and-mortar retailer are seeing continued investor curiosity amid expectations it’ll undertake a digital enterprise mannequin led by Chewy Inc. (NYSE:CHWY) co-founder and main shareholder Ryan Cohen.
Value Motion: GameStop shares closed virtually 7% decrease on Friday at $158.36.
© 2020 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights