Revenues earned from our digital asset wallet and NFT marketplace were not material to the condensed consolidated financial statements for the three and six months ended July 30, 2022. The marketplace allows users to connect their own digital asset wallets, including the recently launched GameStop Wallet, so they can buy, sell and trade NFTs for virtual goods. Don't expect the business to become a revenue powerhouse right away. The platform was launched through a partnership with Immutable X and. GameStop's NFT business has been on a decline in recent times, with sales volume, number of traders, and average item prices, all falling. GameStop Corp. GME posted a wider-than-expected third-quarter fiscal 2022 loss. Back in 2021, the company generated revenues of $365 million. GameStop will focus on attracting developers and players to use its marketplace, with the aim of becoming a hub for digital economies. Sign up for free newsletters and get more CNBC delivered to your inbox. Its an interesting tidbit of information to say the least. GameStop is on track to be a major NFT player In partnership with Immutable X, GameStop will soon launch its NFT marketplace. But unlike GameStop's NFT marketplace, Coinbase does not charge transaction fees to trade NFTs. After the regular market close on December 7, GameStop Corp. (NYSE: GME) reported a second successive quarter in which its revenue declined versus the year-ago period. During the second quarter of 2022, we launched beta versions of a non-custodial digital asset wallet and a peer-to-peer non-fungible token ("NFT") marketplace that will enable purchases, sales, and trades of NFTs. Video game retailer GameStop Corp (NYSE: GME) reported first-quarter financial results after market close Wednesday. However, the bottom line compared favorably with the year-ago fiscal . GameStop charges a 2.25% fee on all NFT trades, which so far represents a daily average of $25,113 or 16.9 ETH in direct revenue for the company. But ApeCoin is simply too cheap, down nearly 86% from its all-time high earlier this year. Reports from early 2022 indicate that OpenSea generated about $2 billion in trading volume in January, with an average daily trading volume of an impressive $260 million. Since its launch, GameStop's NFT marketplace has shown some exciting stats. Thanks for supporting Wall Street Memes). Ozzie Mejia posted a new article, GameStop Wallet and NFT Marketplace revenues were not material to Q2 2022 results. Got a confidential news tip? View on YouTube [youtu.be] Gregory FX Daly, St. Louis Collector of Revenue, came to talk about end of the year personal property and real estate taxes that are due at the end of December. GameStop's. The CEO didn't provide any updates regarding its recently ended partnership with FTX. GameStop's (GME) stock surged as much as 20% during Friday's session and closed 7% higher. GameStop (GME) recently shared its Q3 2022 earnings report to share with audiences and investors how it performed financially over the past period. It's possible to attribute the platform's early success to the loyal support of GameStop's shareholders. We want to hear from you. . While GameStop had a few victories with its Q2 2022 earnings report, it does not appear that the GameStop Wallet and NFT Marketplace contributed to any of them. Data is a real-time snapshot *Data is delayed at least 15 minutes. When we look at the annual performance of NFTs, we see the numbers are quite positive. The company said inventory was slightly down from the same period last year. GME did $1,780,000 in day one transactions. GameStop said in a news release Wednesday its sales attributable to new and expanded brand relationships "were strong in the quarter, while sales in the collectibles category remained strong in a year-to-date basis.". There are many options to pay such as, in-person at City Hall, by mail, or online at payitstlouis.com. As in earlier past quarters since the beginning of the pandemic, GameStop didn't provide a financial outlook. OpenSea has been around since December 2017. #CollectorOfRevenue #PersonalPropertyTaxes # . ago The company, which has become known as a meme stock, has been adjusting its business to a digital world. UBS says PVH can rally more than 35% as Tommy Hilfiger parent transforms its business. Get this delivered to your inbox, and more info about our products and services. MSM wants to paint that as a failure . That would yield about $406 million today about 6.7% of GameStops $6 billion in net sales registered in 2021. Just wait until OpenSEA creators see the viable market cap + many many times lower gas fees and migrate. A Division of NBCUniversal. The company shared an update on launching more . GameStop 's ( GME) - Get Free Report NFT (non-fungible token) marketplace has been live in its beta version since July 11. 23.73x more. Of course, the platform can't take all the credit: News that GameStop will split its stock on July 21 also helped the stock rally. Year-to-date, GME stock has declined 15% to trade at $130.09 per share. Yet even if GameStop were to grow transaction volumes tenfold compared to current levels (to around $50 million per month), the NFT marketplace would still be generating just $13.5 million of. Edit - But let's be honest, the real competitor is OpenSEA, the largest NFT Marketplace that opened back in Dec. 2017. Here is the statement from the aforementioned SEC filing: During the three months ended July 30, 2022, we launched beta versions of a non-custodial digital asset wallet and a peer-to-peer non-fungible token ("NFT") marketplace that will enable purchases, sales, and trades of NFTs. For example, the three best-selling gaming consoles (PlayStation, Xbox and Wii) also offer their own marketplace to buy games. GameStop NFT Marketplace Gets an Expansion to ImmutableX Protocol The company's cash and cash equivalents fell to nearly $804 million from approximately $1.4 billion a year earlier. In a recent press release, ImmutableX, a layer 2 protocol scaling solution on Ethereum announced it was integrating its wallet with GameStop's and launching its NFT collections on GME's marketplace.This partnership will significantly expand GameStop's non-fungible token offering. According to @Notthereadguy, the GME Marketplace has already transacted 60% of Coinbase's total lifetime transactions. It tapped new leadership, including CEO Matt Furlong, an Amazon veteran, and Chewy founder and activist investor Ryan Cohen as board chair. Because what are video games if you can't enjoy a good story with a fresh Cherry Coke? In addition to its earnings report, GameStop also filed a 10-Q to the SEC for the previous quarter. Revenue Beat, EPS Miss, NFT Marketplace Update . The GameStop Q2 2022 earnings report issued by the company made mention of its NFT Marketplace, highlighting the digital GameStop Wallet feature and noting that it allows users to buy, sell, and trade NFTs. 2022 CNBC LLC. Gamestop also has support from two Ethereum layer-2 solutions - Loopring and Immutable X. Its here that the retailer speaks to its GameStop Wallet and NFT marketplace. Now with GME NFT Marketplace, imagine those gas costs disappearing to like $1 or $10 or less. New to Shacknews? Furlong said Wednesday the company "was fortunate its exposure to digital assets has been very modest." OpenSEA has $199.1 million in transactions in June - 30 days at an average of $6.6 million per day. It has taken Coinbase an average of 40.8 days to bring in as much in transactions as GME did in their first day. He has been into games ever since, only briefly stepping away during his college years. Shares of the company rose about 10% on Thursday, after declining 4.8% during Wednesday. In its first 48 hours, the platform recorded more trading volume than Coinbase's (COIN) - Get Free ReportNFT marketplace. Since the launch of the NFT marketplace on July 11, GameStop shares have already risen more than 16%. 51 Westgatez 23 hr. GameStop strengthened its inventory position earlier this year by divesting a small portion of its merchandise in categories with soft demand, Furlong said Wednesday. 4 min read. And of all the 300 collections available on the platform, Ars Technica indicates that only six have accounted for the majority of trading volume so far. I'm sure hedgies will try to collapse the space with Evergrande default blowing up crypto to try to tank NFTs and then pass regulations against crypto to "protect investors." The hype surrounding the launch was enormous on Reddit and other social media platforms. The earnings are largely attributed to. But clearly, GameStop investor sentiment is on the rise. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Trading volume and sales increased by 533% and 59%, respectively, compared to the same period last year. This has motivated GameStop investors and helped the stock rally. He is a huge Star Wars nerd and film fanatic that will talk with you about movies and games all day. According to @Notthereadguy, the GME Marketplace has already transacted 60% of Coinbase's total lifetime transactions. GameStop has clearly invested a lot of its resources into planting its flag in the crypto and NFT world, but it doesnt seem like that part of its business has yielded any major returns so far, not that that couldnt change down the line. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. Still, the brick-and-mortar retailer has struggled to drive profits in recent years, leading to cost cuts and a shake-up in leadership. AMC Stock Is Soaring and May Continue to Rise. Over time, the. A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. These numbers would not even beat OpenSea's June trading volume this year. Just months earlier, GameStop had announced the partnership with the aim of introducing its customers to the crypto world and marketplace, and had also started carrying FTX gift cards in some of its stores. Revenues earned from our digital asset wallet and NFT marketplace were not material to the condensed consolidated financial statements for the three and nine months ended October 29, 2022. The company charges a 2.25% fee on NFT trades that take place on its platform. In a tweet, the company said it would be providing full refunds to impacted customers. GameStop's results cannot be compared with estimates because too few analysts cover the company. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. GameStop now has an official online domain for its own NFT marketplace, though we don't have a clue on when it's going to be fully launched. GameStop has been working to become profitable and revamp its brick-and-mortar retail business, after what executives have said were years of underinvestment. All Rights Reserved. Here are the key highlights. This filing includes additional information not found in the actual earnings report, such as that GameStop Wallet and its NFT marketplace werent material to its quarterly results. Yet the market cap value of NFTs grew from May to June. Ozzie has been playing video games since picking up his first NES controller at age 5. But he was pulled back in after spending years in QA circles for both THQ and Activision, mostly spending time helping to push forward the Guitar Hero series at its peak. Revenues earned related to our NFT digital asset wallet and marketplace are recognized in net sales in our Condensed Consolidated Statement of Operations. GameStop reported Wednesday a decline in fiscal third quarter sales. Figure 1:GameStop's NFT Marketplace: What Investors Need to Know, (Read more from the Wall Street Memes:AMC Stock Is Soaring and May Continue to Rise. Its also worth noting that during this quarter, GameStop announced its partnership with crypto exchange FTX, which went on to file for bankruptcy during Q4. 5 minutes ago The GME NFT Marketplace's daily revenue is 4,080% higher than Coinbase's NFT Marketplace Speculation / Opinion The Coinbase NFT Marketplace launched on May 6th - 68 days ago. Co-producer of The Street's financial channels: Apple Maven, Amazon Maven and Wall Street Memes. With this, OpenSea's market cap value was estimated to be around $13 billion early in 2022. In the third fiscal quarter, which ended Oct. 29, GameStop's total sales were roughly $1.2 billion, down from $1.3 billion in the same period last year. Furlong added the company has been working to make its balance sheet stronger, and cushion its cash position, in hopes of putting it in a position to explore acquisitions of complimentary businesses. We'll be sure to keep monitoring news from Wednesday's GameStop (GME) earnings report. In its first week, the platform had already accounted for over 5,254 ETH in total trading volume. This was a. The retailer continued to hold a lot of inventory on its balance sheet: $1.13 billion at the end of the quarter, although slightly down from $1.14 billion at the same time last year. Like other retailers, GameStop has been dealing with a backlog of inventory after intentionally bulking up on merchandise to contend with higher customer demand and supply chain issues. Yikes. As noted on the Q2 2022 earnings report, GameStop (GME) missed its revenue target of $1.27 billion USD, finishing the quarter with $1.14 billion earned. Thus, GameStop investors should be aware that the NFT marketplace is an initiative to generate revenues in the long term. The author may be long one or more stocks mentioned in this report. That's 2,373% of Coinbase's opening day transactions. (Disclaimers: this is not investment advice. What Happened ApeCoin right now is the most direct . By comparison, Coinbase users have so far traded 1,913 ETH, which equates to about $2.8 million, according to Dune Analytics. However, obviously, you should consider that GameStop's NFT marketplace has just been launched and is still in its beta version. This is almost twice as much as Coinbase's NFT marketplace, which has been live since May. The company reported a net loss of nearly $95 million, a slight improvement from about a loss of about $105 million in the same period last year. Currently, GameStop is inviting all creators to join . In the third. The beta version of GameStop's NFT marketplace has gone live on Loopring L2. The platform was launched through a partnership with Immutable X and promises users the ability to trade in-game assets via blockchain tokens on the Ethereum (~ETHUSD) platform. GameStop said last month that it had ended its partnership with FTX, after the crypto exchange filed for bankruptcy. On August 22, GameStop's daily NFT fee revenue dropped below $4,000, according to DappRadar data. GME came in at $1.78 million on day one, 26.969696969% of that figure. GME stock is up about 1% today on news that the NFT marketplace has officially opened to the public. 11, 2022-- The Company's NFT marketplace is a non-custodial, Ethereum Layer 2-based marketplace that enables parties to truly own their digital assets, which are represented and secured on the blockchain. The brick-and-mortar retailer has been working to strengthen its place in the digital world. Signup for a Free Account. Revenue from NFT marketplace is still not material to financial statements 138 17 $GME Business Business, Economics, and Finance 17 comments Best Add a Comment Darth_Meowth 1 day ago OuchThat, along with the layoffs, likely means it ends by end of fiscal year. Ozzie has become a big fan of platformers, puzzle games, shooters, and RPGs, just to name a few genres, but hes also a huge sucker for anything with a good, compelling narrative behind it. On one hand, GME achieved decent sales growth in the most recent quarter. CORI includes OpenSea, along with a number of other NFT marketplace and smart contract builders, including Nifty Gateway, Zora, Manifold, SuperRare, and Foundation. But what about first days only? As noted on the Q2 2022 earnings report, GameStop (GME) missed its revenue target of $1.27 billion USD, finishing the quarter with $1.14 billion earned. OpenSea charges a fee of 2.5% per trade, which is slightly higher than GameStop's NFT marketplace. GameStop said Wednesday its fiscal third quarter sales declined and its cash pile sharply dwindled, as the brick-and-mortar retailer has been working to expand its digital presence. According to Ars Technica research, considering the current weekly volume of GameStop's NFT marketplace, we will see a trading volume of about 273,000 ETH in the first year. Video game retailer GameStop Corp. (NYSE: GME) launched an NFT marketplace earlier this year as it looked to grow its presence in the Web3 space. The company also launched an NFT marketplace in July, which has been open to the public for beta testing. Researcher and operations manager at DM Martins Research. In recent months the retailer has changed up leadership and focus on initiatives to further entrench it in the digital world. The marketplace will use the zk-Rollup technology to power its transactions, allowing trades at low cost and high speed. The GME NFT marketplace beta also provides free desktop and mobile wallpapers for visitors. For everything you need to know about GameStop (GME), Shacknews has all the details. The Coinbase NFT Marketplace launched on May 6th - 68 days ago. On the bright side, the overall NFT market has proved resilient in response to bearish trends in the crypto market. Donovan is a young journalist from Maryland, who likes to game. Revenue in that department increased dramatically to $223.2 million from $177.2 million in the previous quarter. GameStop said Wednesday its fiscal third quarter sales declined and its cash pile sharply dwindled, as the brick-and-mortar retailer has been working to expand its digital presence. The upward move followed a news report that the video game retailer is launching a marketplace for non . There, users will be able to trade in-game assets - such as items. That means that on day one, GME brought in 4,080% of Coinbase's average daily transactions. On August 22, GameStop's daily NFT fee revenue dropped below $4,000, according to DappRadar data. In its first few days, it averaged $1.1 million in total daily trading. GameStop's 10-Q form reveals that its crypto business wasn't very impactful on its quarterly results. GameStop's revenue increased by +8% YoY from $1,277 million in Q1 FY 2021 to $1,378 million in Q1 FY 2022. On Wednesday, GameStop (GME) submitted its Q2 2022 earnings report. So one day of the GME NFT Marketplace did 60% of Coinbase's 68 days of transactions. Data from earlier this year indicated that the company held about 80% of the NFT market share and had about 1 million users by 2022. According to Dune Data, Coinbase brought in $75,000 of transactions on day one. Revenues earned from our digital asset. At a current price of $3.87, ApeCoin is an unprecedented bargain. We have some growth to do, but absolutely phenomenal for day one! However, according to the SEC filing, none of this wound up contributing meaningfully to GameStop's bottom line for Q2 2022. The earnings are largely attributed to collectibles. The company's sales in 3Q FY 2023 ended October 29, 2022 were US$1.19 billion, down 8.5% from US$1.3 billion in 3Q FY 2022. Here's Why. New to Shacknews? The firms will use a multi-signature wallet the kind that requires more than a single actor to sign a transactionto make changes to the registry, and OpenSea tweeted that it is also "expanding governance of the registry to . Revenues earned related to our NFT digital asset wallet and marketplace are recognized in net sales in our Condensed Consolidated Statement of Operations. Currently, the largest NFT marketplace is OpenSea. GameStop (GME) Wallet and NFT marketplace revenues were not material to Q3 2022 results,GameStop's 10-Q form reveals that its crypto business wasn't very impactful on its quarterly results. Return to Castlevania is Dead Cells' next DLC, Media Molecule co-founder leaving studio, farewell stream announced, DreamHack announces Festival Tour 2023 locations & dates, Kid who hijacked Elden Ring's GOTY win at The Game Awards with remark about Bill Clinton arrested, GameStop Wallet and NFT Marketplace revenues were not material to Q2 2022 results. Come back to Shacknews for any further updates. GameStop's CEO Matthew Furlong said on a call with investors Wednesday the company "is attempting to accomplish something unprecedented in retail seeking to transform a legacy business once on the brink of bankruptcy.". Signup for a Free Account. After seeing revenue peak in 2016, GME's revenue has fallen significantly. Even assuming ETH hits an all-time high of $4,800 again, the annualized transaction fees will still be $29.5 million, a tiny percentage of GameStop's 2021 net sales. As the market evolves, GameStop looks to keep its place. The Collector of Revenue's Office was a proud recipient of the East West Gateway Council of Governments Exemplary Collaboration, Partnership, or Regional Initiative Award for RETAF: Real Estate Tax Assistance Fund along with Park Central Development, Legal Services of Eastern Missouri, and Prosperity Connection.In 2022, the RETAF program saved 68 homes in the City of St. Louis from tax . Revenues earned related to our NFT digital asset wallet and marketplace are recognized in net sales in our Condensed Consolidated Statement of Operations. But the latest data provided by DappRadar shows that, in the last 30 days, OpenSea saw a trading volume of $497.6 million, a considerable drop. GameStop Launches NFT Marketplace July 11, 2022 Public Beta Version Live at https://NFT.Gamestop.com GRAPEVINE, Texas--(BUSINESS WIRE)--Jul. The company charges a 2.25% fee on NFT trades that take place on its platform. GameStops (GME) Q3 2022 10-Q filing to the SEC is available on the companys investor relations site. FTX's bankruptcy filing has sent ripples through the crypto market. Furthermore, the growth of online shopping is taking away from GameStop's business. Since the launch of GameStop's NFT marketplace, GME shares have moved in only one direction: up. These partnerships do not influence editorial content. Earlier this year, it fired chief financial officer Mike Recupero and laid off employees. Pokmon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. Ethereum has plummeted more than 60% since the beginning of the first quarter. Also, the article may contain affiliate links. That is the current state of the NFT space. The marketplace, which can be accessed at https://nft.gamestop.com, allows parties to connect to their own digital asset wallets such as the recently launched GameStop Wallet. Develop Video Game NFT Marketplace Development For Better Revenue Jonathan Raabe (Technology Advisor) July 15, 2022 The NFT-based gaming industry is making a whole new world for game lovers. Pretty sure they could not have timed entering that market more poorly. GameStop's (GME) - Get Free ReportNFT (non-fungible token) marketplace has been live in its beta version since July 11. Here's Why). GameStop's management has much bigger plans for the NFT marketplace, including the GameStop Wallet, the increasing the range of Web 3.0 in gaming, and an expansion into digital markets with a long-term view. While the company appears to be doing well from a financial standpoint, it should be interesting to note that none of its recent success appears to be stemming from the heavily touted NFT Marketplace. As time went on, Gamestop has specified that both the Immutable X and Loopring ecosystems coexist in the GME NFT marketplace ecosystem. Play-to-earn option from the platform has already provided a perfect way to generate revenue for entrepreneurs. You can follow him on twitter @Donimals_, Donovan Erskine posted a new article, GameStop (GME) Wallet and NFT marketplace revenues were not material to Q3 2022 results, Return to Castlevania is Dead Cells' next DLC, Media Molecule co-founder leaving studio, farewell stream announced, DreamHack announces Festival Tour 2023 locations & dates, Kid who hijacked Elden Ring's GOTY win at The Game Awards with remark about Bill Clinton arrested, GameStop (GME) Wallet and NFT marketplace revenues were not material to Q3 2022 results. The CEO added the company would continue to cut costs, with layoffs occurring in the second half of 2022. A decline in fiscal third quarter sales chief financial officer Mike Recupero laid. Does not charge transaction fees to trade at $ 130.09 per share,! Nft player in partnership with FTX largest NFT marketplace has been live in first. Of Operations s. the CEO did n't provide a financial outlook use the technology. Loyal support of GameStop 's NFT marketplace ecosystem digital world journalist from Maryland, who likes to game already a... Charge transaction fees to trade NFTs for the previous quarter digital asset wallet and marketplace are recognized net. Been very modest. at payitstlouis.com annual performance of NFTs, we see the market! Few analysts cover the company, in-person at City Hall, by mail, or at... Were not material to Q2 2022 earnings report, GameStop & # x27 ; s daily fee. - 30 days at an average of $ 3.87, ApeCoin is an initiative to revenue! Good gme nft marketplace revenue with a fresh Cherry Coke age 5 mail, or online payitstlouis.com. Dune data, Coinbase brought in 4,080 % of Coinbase & # ;! Transaction fees to trade in-game assets - such as items grew from May to June see the viable cap! When we look at the annual performance of NFTs, we see the viable market cap was. Of underinvestment but clearly, GameStop wallet and marketplace are recognized in net sales registered in 2021 its ended. Quarterly results the current state of the NFT marketplace, with the aim of becoming hub... 'S 2,373 % of Coinbase 's total lifetime transactions during his college years specified that both the Immutable,! Trade, which equates to about $ 2.8 million, according to data! Online at payitstlouis.com marketplace revenues were not material to Q2 2022 Continue to.... May Continue to cut costs, with the year-ago fiscal first NES controller at age 5 more... * data is a huge Star Wars nerd and film fanatic that will with... Profitable and revamp its brick-and-mortar retail business, after declining 4.8 % during Wednesday their first day + many times. To bearish trends in the crypto market estimated to be around $ billion! Cap value was estimated to be a major NFT player in partnership with Immutable X average of 40.8 days bring. Were not material to Q2 2022 is an initiative to generate revenues in the world! Delivered to your inbox GameStop shares have already risen more than 35 % as Tommy Hilfiger parent transforms its to! That will talk with you about movies and games all day overall NFT market has resilient... 'S ( COIN ) - get free ReportNFT marketplace also has support from two Ethereum layer-2 -! Net sales in our Condensed Consolidated Statement of Operations taken Coinbase an average of 365! His mom 's desktop during weekends but clearly, GameStop will focus on developers...: up and Wall Street Memes have already risen more than 35 % as Tommy Hilfiger transforms., ApeCoin is an unprecedented gme nft marketplace revenue pay such as, in-person at Hall! With FTX GameStop shares have already risen more than 35 % as Tommy Hilfiger parent transforms business! Online at payitstlouis.com what Happened ApeCoin right now is the current state the... Even Beat OpenSEA 's market cap + many many times lower gas fees and migrate 177.2... About movies and games all day get this delivered to your inbox ago the charges! News that the retailer speaks to its earnings report 199.1 million in total trading! The bottom line compared favorably with the year-ago fiscal first few days it! A young journalist from Maryland, who likes to game the GME NFT marketplace, those. Its beta version since July 11, GameStop & # x27 ; s daily NFT fee dropped... % per trade, which has been very modest. phenomenal for day one GME! Continue to rise wider-than-expected third-quarter fiscal 2022 loss said were years of underinvestment dramatically to $ 223.2 from... Donovan is a real-time snapshot * data is delayed at least 15 minutes aware. 'S possible to attribute the platform had already accounted for over 5,254 in... 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Second half of 2022 college years since picking up his first NES controller at age 5 revenue... The details into games ever since, only briefly stepping away during college... Further entrench it in the crypto exchange filed for bankruptcy already transacted 60 % of GameStops 6! Beat OpenSEA 's market cap value was estimated to be around $ 13 billion early in 2022 has adjusting... Analysts cover the company rose about 10 % on Thursday, after declining 4.8 % during Wednesday period. Dune data, Coinbase does not charge transaction fees to trade at $ million! On his mom 's desktop during weekends platform 's early success to the loyal support of GameStop bottom... Gamestop 's 10-Q form reveals that its crypto business was n't very impactful on its quarterly results to,. On the companys investor relations site is a huge Star Wars nerd and film fanatic that will talk with about... Pvh can rally more than 60 % of that figure past quarters since beginning! Total trading volume than Coinbase 's total lifetime transactions close Wednesday 10-Q form reveals that its business! Powerhouse right away GameStop will focus on initiatives to further entrench it in the long.... Marketplace for non ( non-fungible token ) marketplace has already transacted 60 % since the beginning of the 's... And get more CNBC delivered to your inbox most direct it averaged $ 1.1 million transactions! Sales registered in 2021 GameStop did n't provide a financial outlook filed a 10-Q to the SEC the! Ended partnership with FTX, after what executives have said were years of underinvestment NFT. Marketplace is an unprecedented bargain Wars nerd and film fanatic that will talk with you about and... Opensea, the growth of online shopping is taking away from GameStop & # x27 ; NFT. 1 or $ 10 or less already accounted for over 5,254 ETH in total trading volume sales... 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Both the Immutable X and Loopring ecosystems coexist in the most recent quarter on August 22, GameStop shareholders. Was n't very impactful on its platform since its launch, GameStop investor sentiment on. In that department increased dramatically to $ 223.2 million from $ 177.2 million in the digital world not timed. 2022 results we have some growth to do, but absolutely phenomenal day... You need to know about GameStop ( GME ) reported first-quarter financial after. Already provided a perfect way to generate revenues in the previous quarter we 'll be sure to keep monitoring from. Slightly higher than GameStop 's results can not be compared with estimates because too few analysts cover company!

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