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GameStop does not predict profit and plans to launch an NFT market

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Bloomberg – GameStop Corp. (GME) reported an unexpected loss for the quarter ending January and said it will launch a non-fungible token (NFT) market by the end of the second quarter of fiscal 2022.

The company reported an adjusted loss of $1.86 per share, while analysts had forecast earnings of 84 cents.. Net sales rose 6.2% to $2.25 billion in the three months ended January 29, the video game retailer said in a statement Thursday. Analysts had forecast sales of $2.23 billion. Shares fall 9.8% in extended trading.

GameStop suffered from a combination of supply chain issues and an opaque business strategy.. In recent years, he has gone through a series of business concepts that have generated mixed reactions from investors and clients.

The market has been waiting to learn more about GameStop’s plans for the highly anticipated NFT Marketplace (NFT Market) after the announcement of the project earlier this year. Last month, the company announced a partnership with Australian gaming startup Immutable X to create a fund that provides grants to NFT content creators.. In…

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