GameStop’s latest job postings hint at blockchain-powered plans beyond the NFT marketplace

GameStop, the popular video game retailer and outlet, is serious about getting into the crypto-verse and has posted eight job openings in the past week, hinting at a major blockchain expansion. and non-fungible tokens (NFTs). GameStop’s vision for its future was also mentioned in one of the listings where the company notes that “games are places you will go” and “blockchains will power commerce underneath”. The posted positions mention “Web3 gaming” for which he is looking for two product managers. Two separate listings refer to its NFT marketplace, for which the company is looking for three senior software engineers and three product marketing managers.

The job postings clearly ask for crypto-forward prospects to apply, hinting at the company’s plans to expand into the space. While the “Web3 gaming” listing implies GameStop’s interest in building a metaverse similar to the one Facebook CEO Mark Zuckerberg talked about, the other two listings focus on expanding its NFT marketplace.

“In-depth understanding of what our gaming partners are trying to achieve and how NFTs can be a key business driver,” the ad reads. Posts that pertain to the NFT platform — which was first teased in May 2021 — call for those with “NFT market experience and knowledge of crypto, Ethereum, and Ethereum Layer 2 products.” This clearly shows that GameStop is indeed planning to launch its own marketplace for NFTs instead of launching NFTs on a third-party marketplace.

When the jobs appeared on GameStop’s website, Redditors went giddy with excitement. A post containing a screenshot of the job ad garnered more than 10,000 reactions, with many users advocating for the move.

The development also comes at a time when the gaming industry is unsure how to integrate its existing products with crypto payments and NFTs. While that might seem like a likely pairing – games and virtual worlds with virtual currency – not all major gaming platforms are on board.

Steam recently announced a ban on games that include crypto and NFTs. However, Epic Games has made a reactionary statement that it is “open to games that support cryptocurrency or blockchain-based assets.”

On the other end of the spectrum, blockchain-based games such as Axie Infinity have grown in popularity, and in-game NFT trading has grown exponentially in popularity. So much so that there is a new community of gamers who view blockchain gaming as a source of passive income.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting Founder Alok Jain on Orbital, Gadgets 360 Podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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