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GameStop Is Going All in On Blockchain, NFTs

If you’re the type of investor that still believes fervently in NFTs despite all signs pointing to waning interest, you’ll be very happy to learn that GameStop has a lot in store for you this year. In its first quarter earnings call on June 1, GameStop’s solution to its losses is one many other businesses are betting on too: shoveling its bets into the blockchain market. While GameStop is recovering from its pandemic losses, it’s in a position where it will be forced to adapt to an increasing demand for digital products before it follows down the path Blockbuster walked in 2014 — except for that one lone outlier in Bend, Oregon, of course.

Don’t get too excited about the stock market’s recent rally. Some Wall Street experts say it could be a trap—and the bear market will still wreak havoc

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