After mixed financial results for the first quarter of fiscal 2022, a video game retailer GameStop said he is taking steps to update his digital asset wallet and plans to allow transactions on GameStop’s non-fungible token (NFT) market developed by him. after the expected launch in the second fiscal quarter.
The GameStops digital asset wallet currently allows gamers and other users to store, send, receive and use cryptocurrency and NFT in decentralized applications. Launching NFT’s own marketplace, the beta version of which is already available, could further increase GameStops’ share of this promising market.
NFT creators can register through this form before the upcoming launch.
Speaking during the first quarter earnings and loss report, Matt Furlong, CEO of GameStop, said the retailer is determined to release new products focused on the long-term future of gaming.
According to him, during the first quarter, we paid special attention to two main areas: we continue to restore and strengthen our commercial business after many years of underinvestment and use growth opportunities in cryptocurrencies, NFT and game protocols Web3 .
The retailer reported mixed first-quarter financial results, driven in part by the SALE of IMX tokens, which it received from its partner, the provider of NFT scaling solutions. Immutable .
According to GameStop, in the first quarter of fiscal 2022, which ended april 30, the retailer reported net sales of about $1.378 billion, up 7.9% from $1.277 billion in the first quarter of the previous year. .
At the same time, operating losses of American companies reached 153.7 million US dollars, which is almost four times more compared to 40.8 million US dollars in the first quarter of 2021 fiscal year.
GameStop also reported that in the previous quarter, the company continued to hire people with experience in areas such as blockchain games and others.
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