Gamestop
Despite the meme stocks, GameStop is still not doing great as a company. Artificially propping up the company’s stock might have given it a little juice in its tank, but its price inevitably comes back down without major overhauls to the company’s prospects. On Thursday, the company announced it would start using its occasionally inflated stock prices as compensation incentives for store leaders and veteran staff.
So yes, the company tried for a turnaround with perhaps the strangest move possible, its own NFT marketplace. GameStop’s focus on the community of “gamers” for its NFTs seemed incoherent at first, but at first, things seemed to be going well as its marketplace surpassed comparable outlets in terms of sales. Of course, the company also had to deal with its fair share of controversy. Though now, the NFT marketplace trading volume has softened considerably, with transaction volumes down from $7.5 million to $1 million, according to The Motley Fool.
