GameStop memes are even harder with ‘Web3 Gaming’ and NFT jobs


After a year-long roller coaster on the stock market fueled by WallStreetBets’ retail business, GameStop is going full steam ahead and looking to build a “Web3” platform, according to a flurry of job postings posted on its website. career site Monday. One of these announcements, discovered by CoinDesk, is a LinkedIn List for a “Head of Web3 Gaming” in which the company says it is looking for someone to “accelerate the future of blockchain-based gaming and commerce”.

If you are fortunate enough to have never heard of the phrase “Web3”, it is often used to describe a decentralized, crypto-based internet. This matches up with other job postings, indicating that GameStop is developing some sort of NFT platform, presumably based on Ethereum. While sometimes job postings are just job postings, in this case it could be a game of GameStop to get back on the WallStreetBets radar or to work your way into the good graces of the crypto community.

GameStop’s many job postings for NFT and Web3 games related positions.

GameStop didn’t mention its ardent retail fans much in its earnings calls, but the company’s shares clearly benefited from their enthusiasm – in early 2021, they were hovering around $ 20 a share and closed on Tuesday. at $ 177.84, according to Yahoo Finance. High stock prices don’t necessarily indicate that the company as a whole is doing well, but they can at least help people like stocks.

However, when you are dealing with an internet crowd, the attention ends up fading. AMC has attempted to champion the interests of traders (it was caught in the same trade fiasco as GameStop) with things like free popcorn and news that they are considering accepting Bitcoin and other crypto in the markets. cinemas. For GameStop, it’s possible that an NFT platform promising a gaming future where “the game is driven by the things you bring” and incorporating buzzwords like “Web3” and “blockchain-based gaming” or a similar tactic to rekindle investor passion once felt for it.

With all the talk on GameStop like a wild stock bet, you’d be forgiven for forgetting that its main business is being a video game store. Whether or not video game vendors allow games that include NFTs is an open question at this point – Valve said developers can’t sell blockchain-enabled games on its Steam store, while ‘Epic said that’s fine with them. Apple has yet to make a public decision regarding the App Store, perhaps because developers are rightly afraid of being the first to try to submit an NFT-powered app.

Meanwhile, GameStop seems very interested in becoming a venue for these kinds of projects – one of the responsibilities listed in the job description is to “build a team to help creators get their projects off the ground on the GameStop platform.” . While the business seems teased plans for something related to NFT earlier this year, an obscure webpage is more cryptic than a call for applicants to build a blockchain empire.

To all of you who are going to try to do this for GameStop, I wish you good luck, because you are going to need it. Dropping the ball on this project could upset crypto folks, retail traders, and blockchain game developers, and it’s a Venn diagram that I wish I could be well outside of. However, if things go wrong, please drop me a line as it could be an amazing story.


Comments are closed.