GameStop Corp and AMC Entertainment Holdings are reportedly in talks regarding a potential partnership which will feature GameStop’s NFT marketplace. This opens up a slew of new opportunities for both companies as they continue to innovate their respective businesses. A GameStop AMC partnership can potentially shake things up for both these companies.
However, it is important to note that there is currently no verifiable source for this news as the original tweet that was cited has now been deleted. In addition, there has not been any updates by either party as of the time of writing. Nevertheless, let’s explore the possibilities if this partnership does in fact come to pass.
Why GameStop?
Besides being the headline meme stocks of 2021, this partnership is actually mutually beneficial. 3 months after recruiting developers for their NFT marketplace, GameStop is now opening its doors for creators to register themselves. The registration process has only 6 simple questions and is fairly straightforward. The success of this marketplace will attract game enthusiasts and the general public, even those that are not familiar with the blockchain space.
Why AMC?
AMC Entertainment has been busy in the NFT space as well. The company’s Spider-Man: No Way Home NFT recently hit a resale value of $16,900. Prior to this collaboration with Sony, the company also gave away ‘I Own AMC’ NFTs for every stockholder registered with AMC Investor Connect. A GameStop AMC partnership will certainly come in handy if and when AMC releases new NFTs in the future.
Clearly, the development direction of these 2 firms should complement each other well. As of now, NFT marketplaces such as OpenSea and Rarible still dominate the market. GameStop and AMC certainly have their strengths and it will be exciting to see them enter the NFT market.
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