GameStop joins hand with FTX to promote Crypto adoption

Gamestop & FTX Crypto partnership

What is FTX?

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What is GameStop?

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The Partnership

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Where are they heading?

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Effect on GS Stocks

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Benefit to FTX

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Also Read:

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We're on You Tube

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Gamestop & FTX Crypto partnership

Gamestop & FTX Crypto partnership

What is FTX?

What is FTX?

FTX is Bahamas based crypto exchange launched in May 2019. It is the second largest exchange by trading volume

What is GameStop?

What is GameStop?

Founded in 1984, GameStop is the largest video game retailer headquartered in Texas, US. The same company whose stocks spiked sometime back

The Partnership

The Partnership

Both FTX & GameStop will support e-commerce and marketing campaigns & some GameStop retail locations will stock FTX gift cards

Where are they heading?

Where are they heading?

FTX chief Sam Bankman Fried earlier has shown interest in blockchain games & NFTs. The deal is hinting towards such venture in the future.

Effect on GS Stocks

Effect on GS Stocks

After the announcement, the GameStop stocks increased by almost 10%. Although they made 36 cents loss per share in the latest report.

Benefit to FTX

Benefit to FTX

FTX will reach a new set of brick & mortar audience. Those who aren't tech savvy. It will try to onboard them to the platform via FTX gift cards.

Also Read:

Also Read:

1..Liz Truss on Crypto

1..Liz Truss on Crypto

2..Crypto & Wetspace

2..Crypto & Wetspace

3..Queen NFT Auction

3..Queen NFT Auction

We're on You Tube

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