It has 152 employees, Co-founder and President Robbie Ferguson told The Wall Street Journal earlier this year, adding that the company has raised around $85 million in funding. Activist investor Ryan Cohen, who was named GameStop chairman in June, has said the company must become more tech-centric and has vowed to make that happen. GameStop hired more than 20 people to run its new NFT- and cryptocurrency-related division. This certificate can be redeemed at GameStop for merchandise or games. Related: Is GameStop’s New NFT Marketplace Diversification or Distraction?Īs part of its collaboration with GameStop, Immutable X will become a layer-2 partner and platform for GameStop and its NFT marketplace, which is likely to launch later this year. With 5000 GameStop points, you can get a 5 rewards certificate. ![]() GameStop also partnered with PC gaming companies Alienware, Corsair and Lenovo and Australian blockchain startup Immutable X that will be the backbone of its NFT marketplace and is expected to generate up to $150 million in IMX tokens when it comes to fruition.Įarlier in the fiscal year, GameStop opened new offices in Seattle and Boston. For the full fiscal year, GameStop had net sales of $6.011 billion, up from $5.090 billion in fiscal year 2020. In FY 21 Q4, GameStop generated net sales of $2.254 billion, up from $2.122 billion in the fourth quarter of 2020 and $2.194 billion in the fourth quarter of 2019. PowerUp Rewards Pro members pay $14.99 for an annual membership and get an instant $10 reward that can be used the next time they shop for games and accessories $5 monthly rewards 2% in rewards on every dollar they spend (twice what non-Pro members get) early access on console releases graphics cards, collectibles and more and a subscription to Game Informer magazine.Īlso as part of its FY21 quarterly and full-year earnings call, GameStop announced that it will launch a marketplace for non-fungible tokens (NFTs) by the end of July to close out the first half of fiscal 2022. ![]() ![]() 29, according to a company press release Thursday (March 17). GameStop, which has seen its stock drop about 55% in the past six months, trumpeted the growth of PowerUp Rewards Pro year over year to 5.8 million members for the three-month period that ended Jan. GME dipped about 10% in pre-market trading Friday (March 18), less than a day after the company announced its fiscal 2021 fourth-quarter and yearly earnings, which were highlighted by a 32% year-over-year growth in its subscription-based membership program, PowerUp Rewards Pro, in Q4.
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