GameStop Financial Results for Q4 of 2021, Prepares NFT Marketplace Launch

Based on the official report by GameStop Corp, the company has unveiled its fiscal year results and announced the approximate time their NFT marketplace will finally see the light of day.

From the financial side of things, GameStop raked in over $2.2B in net sales over the fourth quarter, outshining its results in the past two years, and managed to generate over $6 billion in sales throughout 2021.

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Likewise, in regards to its NFT marketplace, GameStop made a partnership deal with Immutable X. The video game retailer received $150M in IMX coins to accelerate its NFT marketplace development, which is set to be launched sometime in the second quarter of 2022.

After the initial announcement of the GameStop NFT marketplace, the GME stocks went up by almost 30% in less than 24 hours, showing positive signs for the video game retailer.

While the partnership with Immutable X brought GameStop fans some hope, the video game retailer had some questionable decisions. Back in February, GameStop was suspected of dumping $30M worth of IMX tokens out of the $100 million received from grants, crashing the price of IMX by 23%. 

The price of GameStop’s stock GME has been on a stable trend, currently sitting at $87.70 per share, climbing barely 1% over the past 24 hours.

Aaron S., Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
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