Published , by Blake Morse
Published , by Blake Morse
The story of GameStop (GME) has definitely been an interesting one for the last year or so and it would seem that the news train is showing no sign of slowing down. The latest piece of news comes in the form of a trademark filing for “GAMESTOP BLOCKCHAIN” by GameStop subsidiary GME Entertainment, LLC.
The news comes via a filing on the United States Patent and Trademark Office website. The filing states the following:
Along with today’s GAMESTOP BLOCKCHAIN trademark filing, it’s already known that GameStop has been working on an NFT storefront as well as a digital wallet. Over the last year the company’s stock (GME) has grown in a massive and unexpected way, and new life has been breathed into the corporation thanks to new leadership and dedicated investors. Today’s news would seem to be further proof that GameStop is ramping things up as they get ready to launch their NFT marketplace. GameStop seems poised to grow beyond their traditional retail model as it expands into digital markets and NFTs.
Will their gamble pay off? It will most likely be quite some time before we know one way or another, but we have been following the GameStop saga closely and we’ll be sure to keep you up to date as more news develops.
This article is only meant for educational purposes, and should not be taken as investment advice. Please consider your own investment time horizon, risk tolerance, and consult with a financial advisor before acting on this information.
Full Disclosure:
At the time of this article, Shacknews Co-EIC Blake Morse had the following position:
Long GameStop via GME shares