GameStop NFT Plans Continue With Flurry of Job Listings

Key Takeaways

  • GameStop has published eight new job listings related to its upcoming plans for an NFT platform.
  • Though GameStop announced its NFT plans earlier this spring, these job postings give more detail than before.
  • The various job listings ask for experience with Web3 integration, Layer 2 scalability, and NFT marketplaces.

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Retail gaming outlet Gamestop has published eight new job listings relating to NFT development, as seen on its careers page.

GameStop Posts Eight Listings

GameStop posted similar job listings and even launched a website related to NFTs earlier this year. However, this week’s postings reveal considerably more details than before.

The company aims to hire eight members for three different positions. All positions are remote but are based in four cities.

The job posting seeking a Senior Software Engineer asks applicants to have “NFT marketplace experience,” which suggests that GameStop plans to create a full-fledged NFT marketplace. By contrast, many companies such as Twitter and TIME Magazine have simply launched NFTs on a third-party marketplace such as Rarible or Sorare.

The same posting asks applicants for “knowledge of crypto, Ethereum, and Ethereum Layer 2 products.” That implies the company could leverage Immutable X or another Layer 2 protocol for faster trading times and lower transaction fees.

Why NFTs Have Potential In Gaming

NFTs, or non-fungible tokens, are seen as having potential because many online games already make use of transactions. For example, in-game collectible items could be tokenized as NFTs. This approach would protect against counterfeit items while also giving players true ownership over the items that they have purchased.

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One GameStop posting mentions “Web3 Gaming,” a term used to describe such crypto economies. “Future creators won’t just build games but also the components, characters, and equipment…Blockchains will power the commerce underneath,” GameStop notes.

Despite this potential, some gaming companies such as Steam have introduced a ban on NFTs. That decision prompted competitor Epic Games to state that it is open to supporting games with NFTs. Other gaming brands like Ubisoft and Atari—and now Gamestop—are exploring the potential of NFTs as well.

GameStop gained popularity among crypto investors earlier this year as it gained status as a “meme stock”—an asset that increases in price due to hype rather than company performance.

Disclaimer: At the time of writing this author held less than $100 of Bitcoin, Ethereum, and altcoins.

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Redditors cheer as GameStop assembles team of NFT experts

GameStop (GME) is assembling a team of blockchain and NFT experts to work on the firm’s upcoming NFT platform.

The firm’s GME stock is a cult favorite amongst retail traders as a result of the r/wallstreetbets and Robinhood saga earlier this year. On Reddit the r/Superstonk community boasts 659,000 members, and is dedicated to hosting business and stock discussions related to GME.

A post about GameStop’s job listings yesterday has received more than 10,000 upvotes at the time of writing, with many members posting bullish sentiments over GameStop’s latest move.

GameStop quietly unveiled a bare-bones website for its NFT marketplace in May. The site currently features a Nintendo Gameboy-style gaming console with an Ethereum logo, along with a message calling out for recruits to work on the platform.

Since then the firm has held its cards close to its chest, however on Oct. 25 it listed a total of eight jobs for crypto-friendly candidates, including three roles for NFT experienced software engineers, three jobs for product marketers and with two roles focused on Web3 based gaming.

One of the listings for the Head of Web3 Gaming job says that GameStop is looking for someone with experience with “Ethereum, NFTs and blockchain-based gaming platforms.” The firm has also hinted that there are some plans related to the Metaverse in the works.

“GameStop is looking for a unique individual who can help accelerate the future of gaming and commerce. In this future, games are the places to go, and play is driven by the things you bring. Future creators won’t just build games but also the components, characters, and equipment. Blockchains will power the commerce underneath,” the job listing reads.

Related: Reddit may be preparing to launch its own NFT platform

Members of the r/Superstonk community were singing the firm’s praises yesterday, with “Triaspia2” calling it one of the “best job listings” they had seen, while pledging to buy more GME as it was a “bullish signal.”

Redditor “Donnybiceps” was equally bullish, noting that:

“NFTs are the future and people who haven’t gotten on board the GME train while knowing all these clues then you should be blaming yourself for not thinking this through.”

GME has had a volatile performance in October, going as low as $166 before bouncing to around $187 and subsequently crashing down again. However, according to data from Tradingview, the price of GME has still gained 2.8% this month to sit at $178 at the time of writing. The year-to-date gain for GME is a whopping 844%.