GameStop is hiring engineers and designers for a new project. The company has a smart contract on the Ethereum blockchain.
The chain of video game stores GameStop announced in a short statement that the company is looking for designers and engineers to join them on what could be the project of a platform for non-fungible tokens (NFT), based on Ethereum.
GameStop said that the company needs a new team to work on a new project. They are looking for exceptional engineers, with experience in solidity, react, and python, They also look for designers, gamers, marketers, and community leaders, the company reported this statement on a website called nft.gamestop.com.
Also, an address that directs the GameStop smart contract, located on the Ethereum blockchain, Etherscan appeared on the internet. This contract is compatible with the ERC-20 and ERC-721 standards, which also works in the NFTs.
GameStop also achieved two transactions on May 25. The first was for the acquisition of a Cryptokittie, a famous NFT-based game and the second transaction is the purchase of a card from the Gods Unchained game.
The new search for professionals by GameStop happens right after the announcement published by the company on May 8, where they requested security analysts with experience on the blockchain, cryptocurrencies, and even non-fungible tokens. This action unveils the possibility that GameStop may be working on projects related to non-fungible tokens or even some cryptocurrency.
A Top-secret Game, and GameStop’s New Opportunity
On the new GameStop page for NFT, there is also a hidden game. At the top right there is a white dot, which when clicked, leads to a game similar to Chrome Dino Run. It is the famous Chrome browser game, which gets activated when there is no internet connection. The slight difference is that in the GameStop game the dinosaur has a cat’s head.
After being a chain of video game stores in decline, GameStop reached back to the top suddenly, after the confrontation between large Wall Street financial companies and a group of retail investors that put it back in the media headlines by a massive purchase.
For the company, everything changed in January of this year due to a situation with GameStop’s share, which is listed on the New York Stock Exchange, and that went from USD 4.50 to being valued at USD 242.56, today.
As a result of the Covid pandemic, GameStop started to crumble down in March 2020. GameStop’s stock went from USD 18.40 at the start of 2020, and by July of that year, it had dropped to USD 4.50. Despite a gradual rally in the share price, which ended the year at $ 17, a group of large Wall Street investors decided to short GameStop. In easier words, they bet that the price would go down at the end of January.
Short positions are common on Wall Street. If an investor thinks that a certain share is going to decay in price, they borrow shares from an investment bank for a specified period and sell them at the prevailing market price. If the share does fall in price, the investor buys the cheapest shares, returns them to the investment bank, and pays the respective commissions.
By: Jenson Nuñez
