GameStop Appears Poised To Enter NFT Space Right As The Crypto Economy Is Crashing

GameStop, a company that essentially seems to have harvested the power of memes to continue surviving, is ready to take its luck from the wild world of Wall Street to the wilder world of cryptocurrency and NFTs.

According to a tweet called "GameStopNFT," the brick-and-mortar video game store is entering the crypto market, which you'll recall is not doing so hot right now, in some form — though details are still vague.

📚 Meet the new kid on the blockchain #GameStopNFT pic.twitter.com/BIrLrmYnMp

— GameStopNFT (@GameStopNFT) May 19, 2022

Currently, the NFT GameStop website has a vague message reading "Almost There," meaning it's unclear what exactly GameStop is planning to do in the crypto space.

GameStop joins a long line of video game companies getting into NFTs, though almost every company that has so far has been largely ethered by fans. The reaction to GameStop's vague announcement so far seems no different judging from many reactions on platforms like Twitter.

Go fuck yourself. Just go fuck yourself, thats all I have to say to you https://t.co/t2V7PNcEiF

— MerpyDerpy (@MerpyDerpy6) May 20, 2022

Should just be called “Stop” now https://t.co/Mk1WYULoaI

— Mr. 🅿️asquale (@TheMrPasquale) May 20, 2022

"Best I can give you for that used NFT is $2.50 in store credit." https://t.co/qRQjjVl8be

— Ian D (@dixonij) May 20, 2022

LMAO IM GLAD I LEFT Y'ALL https://t.co/pTQJ0rMY8i

— VEGGMAN🎙🪡🧵✂️ (@VEGAMIGO) May 20, 2022

At the moment, it's a mystery why GameStop chose now of all times to get into the cryptocurrency space. Maybe it has something to do with chairman Ryan Cohen liking the Spice Girls?