The move reflects a broader trend of companies reassessing their digital assets initiatives. GameStop's decision comes after recent enforcement actions by the SEC and follows the firing of its CEO earlier this year.
GameStop has tabled a proposal to issue dividends as NFTs, forging a path for the intersection of securities and blockchain technology, showcasing the company's determination to thrive in the NFT market.
According to a statement on the company's Twitter account, cryptocurrency exchange FTX, founded by Sam Bankman-Fried, has filed for Chapter 11 bankruptcy protection in the United States.
GameStop, the world's largest video game store, has announced that their marketplace now supports NFTs generated via Ethereum's layer-2 scaling network, ImmutableX, allowing users to buy and sell assets from Web3 games.