Gamestop Stock News

Gamestop partners with Immutable X for NFT marketplace, announces $100M grant for creators

GameStop will utilize Immutable X''s solutions for trading and minting NFTs on its upcoming marketplace, while partnership discussions with Loopring are still ongoing.

The LRC crypto is posting losses this morning thanks to GameStop''s recent announcement. But, Loopring isn''t out of the project.

Immutable X is the newest token to head toward the moon, thanks to news of its partnership with retail investor favorite GameStop.

GameStop seems to have ditched their plans to use snark based Loopring, and is opting instead for starks on ImmutableX. The ImmutableX L2 protocol will be powering GameStops upcoming NFT

A month after a report that GameStop was partnering with cryptocurrencies and hiring for its NFT marketplace, one partner has announced details on how the video game retailer could enter the sector. What Happened: Immutable (CRYPTO: IMX) will partner with GameStop Corp (NYSE: GME ) on its new NFT marketplace. Were thrilled to announced that Immutable is taking another leap forward in the gaming & blockchain industry by partnering w/GameStop to power their NFT marketplace, Immutable tweeted Thursday morning. Immutable is an Ethereum (CRYPTO: ETH ) Layer 2 protocol that will provide fast and 100% carbon neutral transactions with zero gas fees, according to the announcement. Our integration will allow current & future NFT projects/economies to access more liquidity & gaming content w/mainstream users. GameStop and Immutable are launching a $100-million pool used to provide grants for creators of NFT content and technology. Immutable said more details will be unveiled of the partnership in

GameStop and Gods Unchained developer Immutable are partnering on a GameStop NFT marketplace and a $100 million fund enticing developers to use the Ethereum-based crypto platform.

GameStop has teamed up with Immutable X to launch a marketplace for nonfungible tokens (NFTs) later this year.

Gamestop Corporation - Class A (GME) shares closed today 11.2% lower than it did at the end of yesterday. The stock is currently down 24.1% year-to-date, down 50.0% over the past 12 months, and up 469.8% over the past five years. Today, the Dow Jones Industrial Average rose 0.8%, and the S&P 500 rose 0.7%. Trading Activity Shares traded as high as $119.00 and as low as $87.61 this week.Shares closed 71.3% below its 52-week high and 159.8% above its 52-week low.Trading volume this week was 26.4% lower than the 10-day average and 20.1% lower than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.8. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price lags the S&P 500 Index today, lags it on a 1-year basis, and beats it on a 5-year basis The company's share price lags the Dow Jones Industrial Average today, lags it on a 1-year basis, and beats it on a 5-year basis The company share price lags the performance of its peers in the Consumer Discretionary industry sector today, lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 4680.8% The company's stock price performance over the past 12 months lags the peer average by -990.7% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips After a pullback that started last November, GME stock is on the move, putting together a two-day rally that saw shares rise 16.5%. The post Opportunity in GameStop Stock Lingers Despite Poor Fundamentals appeared first on InvestorPlace . More From InvestorPlace Stock Prodigy Who Found NIO at $2 Says Buy THIS Now Man Who Called Black Monday: Prepare Now. #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First

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InvestorPlace - Stock Market News, Stock Advice & Trading Tips While GME stock may be backed by a genuine upside narrative, sometimes "right" thinking doesn’t yield the right results. The post Don’t Get Wrapped Up in the GameStop Conspiracies appeared first on InvestorPlace . More From InvestorPlace Stock Prodigy Who Found NIO at $2… Says Buy THIS Now Man Who Called Black Monday: “Prepare Now.” #1 EV Stock Still Flying Under the Radar Interested in Crypto? Read This First…

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