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gamestop reports – RE3W.IO https://re3w.io Web 3 Gaming News Tue, 07 Jun 2022 02:01:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://re3w.io/wp-content/uploads/2022/06/cropped-6257123555f2839a6f5124cd_re3w-p-500-32x32.png gamestop reports – RE3W.IO https://re3w.io 32 32 GameStop Finance Update https://re3w.io/2022/06/05/the-matrix-is-coming-as-an-nft-project-ahead-of-resurrections/ https://re3w.io/2022/06/05/the-matrix-is-coming-as-an-nft-project-ahead-of-resurrections/#respond Sun, 05 Jun 2022 14:37:04 +0000 http://tdi_141_259 GameStop published its first quarter earnings report earlier this week. They announced that they had received a cash flow boost of $76.9 million from the sale of IMX tokens. This was part of its partnership with non-fungible token scaling platform Immutable.

The well-known video game retailer GameStop announced its Ethereum based NFT wallet last week. This will allow users to store, send and receive crypto and NFTs.

GameStop also took note of continued steps to support the recent launch of its digital asset wallet, and its intention to open its NFT marketplace during Q2.

Overall, the company reported negative cash flow for the quarter of $236.3 million.

GameStop CEO, Matt Furlong stated: “We firmly believe that digital assets are core to the future of gaming”.

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