GameStop NFT Plans Continue With Flurry of Job Listings

Key Takeaways

  • GameStop has published eight new job listings related to its upcoming plans for an NFT platform.
  • Though GameStop announced its NFT plans earlier this spring, these job postings give more detail than before.
  • The various job listings ask for experience with Web3 integration, Layer 2 scalability, and NFT marketplaces.

Retail gaming outlet GameStop has published eight new job listings relating to NFT development, as seen on its careers page.

GameStop Posts Eight Listings

GameStop posted similar job listings and even launched a website related to NFTs earlier this year. However, this week’s postings reveal considerably more details than before.

The company aims to hire eight members for three different positions. All positions are remote but are based in four cities.

The job posting seeking a Senior Software Engineer asks applicants to have “NFT marketplace experience,” which suggests that GameStop plans to create a full-fledged NFT marketplace. By contrast, many companies such as Twitter and TIME Magazine have simply launched NFTs on a third-party marketplace such as Rarible or Sorare.

The same posting asks applicants for “knowledge of crypto, Ethereum, and Ethereum Layer 2 products.” That implies the company could leverage Immutable X or another Layer 2 protocol for faster trading times and lower transaction fees.

Why NFTs Have Potential In Gaming

NFTs, or non-fungible tokens, are seen as having potential because many online games already make use of transactions. For example, in-game collectible items could be tokenized as NFTs. This approach would protect against counterfeit items while also giving players true ownership over the items that they have purchased.

One GameStop posting mentions “Web3 Gaming,” a term used to describe such crypto economies. “Future creators won’t just build games but also the components, characters, and equipment…Blockchains will power the commerce underneath,” GameStop notes.

Despite this potential, some gaming companies such as Steam have introduced a ban on NFTs. That decision prompted competitor Epic Games to state that it is open to supporting games with NFTs. Other gaming brands like Ubisoft and Atari—and now GameStop—are exploring the potential of NFTs as well.

GameStop gained popularity among crypto investors earlier this year as it gained status as a “meme stock”—an asset that increases in price due to hype rather than company performance.

Disclaimer: At the time of writing this author held less than $100 of Bitcoin, Ethereum, and altcoins.

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