6 Wall Street Journal report.
The video game retailer already felt the impact that internet culture can have on business.
Shares started 2021 at $18 and then peaked at $483 weeks later.
The outrageous volatility led to multiple Congressionalhearings and investigationsby federal agencies.
An NFT is a blockchain-based technology used to determine ownership of digital assets.
Video game companies have started looking into integrating NFTs into games.
Ubisoft was the first major game developer to do soin December 2021.
However,gamers are waryof new methods ofmonetizingthe games they play, and there areenvironmental concernssurrounding the technology.
Online video game retailer Steam recentlybannedvideo games that use NFTs and cryptocurrency from their platform.
GameStop is the first major video game retailer to publicly enter the NFT and cryptocurrency space.
GameStop didn’t immediately respond to a request for comment.
