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As NFT trading activity remains high in volume, a new wave of NFT trading platforms have begun to crop up in 2022. LooksRare, a recently launched nonfungible token, or NFT, marketplace, says it wants to index all NFT collections on the Ethereum blockchain. The site went live today with a token airdrop. #LooksRare NFT Marketplace Now Live! $LOOKS airdrop claim open Staking starts at block 13977012 Trading reward calculations start tomorrow LFG! https://t.co/Y1jt9Kmqt6 LooksRare - NFT Marketplace (@LooksRareNFT) January 10, 2022 Created by two anonymous co-founders, known as Zodd and Guts, LooksRare claimed to be made By NFT People, for NFT People. According to its blog announcement, the LooksRare team is tired of the deplatforming of creators, and the decision makers who value business over community, seeking IPO instead of benefiting the communities that got them there. Their alleged solution is to offer a marketplace that rewards the platform''s participants and creators. Users who buy or sell NFTs from eligible collections can earn its native utility LOOKS tokens.

U.S. markets took a beating Monday morning, but all three major indexes were clawing back some gains for morning lows.

The video game retailer gave up all of Friday''s gains and then some.

Michael Burry. Jim Spellman/Getty Images Michael Burry warned markets would crash,

Here Are The Best And Worst Performing Hedge Funds Of 2021 It was another painful year for most hedge funds, with many suffering the pain of their short books shooting up during periods of heightened retail trading such as the start of 2021, followed by a just as painful rotation in and out of the growth to value (and vice versa) rotation. As a result hedge funds as an industry were one of the worst performing asset classes of 2021, trailed only by emerging markets, Treasurys, gold and the euro. And incidentally, here are the best and worst performing S&P stocks of 2021. But while most hedge funds underperformed their benchmark for yet another year, some stood out. Here, courtesy of the HSBC Hedge Weekly is a list of the best and worst performing hedge funds of 2021 (and yes, any year when the Tulip Trend Fund is the top 10 you just know markets were micromanaged by central banks). Not surprisingly, the best performing hedge fund tracked by HSBC, Senvest, is also the one that quietly orchestrated the Gamestop short squeeze mania (the fund was extremely long the stock around the time it became a Reddit sensation then quietly sold out its entire stake in January just as the stock was surging lifted by retail daytraders).

A Thursday night report sent shares of GameStop Corp (NYSE: GME ) soaring once again. What could an NFT marketplace mean for the video game retailer? What Happened: Tthe Wall Street Journal highlighted a pending launch of an NFT marketplace from GameStop. The report follows months of speculation after the company has posted job ads for those familiar with NFTs and cryptocurrency. GameStop would serve as a marketplace to buy, sell and trade NFTs of virtual video game goods that could include avatar outfits and weapons. The company is asking select game developers and publishers to list NFTs on its marketplace when it launches later this year, WSJ reports. Here are thoughts from industry experts on GameStops potential move into the NFT space. Related Link: GameStop Shares Surge On NFT Marketplace Report: What Investors Should Know Loup Ventures: Well-known for covering the world of large technology stocks and companies like Tesla Inc (NASDAQ: TSLA ) is Loup Ventures . Gene Munster and Doug Clinton shared their thoughts in a video Thursday night. They found their way directly into the toy department today, Munster said.

Have the meme stocks of yesteryear found a future in NFTs and crypto? Here are the stories we''re watching Friday, January 7.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares of GameStop are in the spotlight after the company announced a venture into the NFT marketplace. What does this mean for GME stock? The post GME Stock Price Predictions: What Will NFTs Mean for GameStop in 2022? 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

Shares of GameStop soared on news that the firm is launching an NFT marketplace.

GameStop (GME) stock is taking off on Friday thanks to recent news of the company preparing an NFT marketplace for gamers.