We have been noticing some amazing and sudden rise in several coins of the market and the popular video game store chain GameStop (GME) is one of them. According to the sources, the stock price of GameStop (GME) has been raised 13% in one day due to the rumors circulating online related to the partnership with Microsoft to work on NFT gaming. For the last few days, the rumors started to spread on all social media platforms especially on Crypto pages which shows the rumors related to the partnership with Microsoft.
Also Read: Kazakhstan Authorities Planning to Increase Tax Burden on the Mining Business
During writing this article, we can check out that GameStop (GME) is trading at $116.33 USD with a trading volume of $162,650.00 USD and the price of the token was changed about 13.57% in the last 24 hours as of February 9. Along with this, the graph data shows that the gaming token started February at around the $100 region and pumping this month on the back of GME’s partnership with NFT focused Layer-2 Ethereum scaling solution, Immutable X, to upgrade its upcoming NFT marketplace. As part of the deal, GameStop is moving out a $100 million grant program denominated in IMX tokens for NFT content creators and tech developers.
As per the rumors circulating on channels such as Twitter and Reddit which is suggesting that GameStop may create a team up with Microsoft to launch NFT integrations into existing games, along with creating new focused games related to NFT. A post reads,” Microsoft partnering with GameStop for #NFT and #Metaverse ?? big companies behind the curve will scoop up the existing industry leaders that have been building the space already”.
On the early morning of February 8, a Twitter user @P_MackD shared a photo online that has some screenshots of tweets from Immutable X and Microsoft execs cryptically posting the “probably nothing” meme regarding to the partnership with GameStop. It could be the biggest step for GameStop but still, these are the rumors circulating on social media.
Also Read: ADA Price Forecast Today
Also, the director of Microsoft’s blockchain department, Yorke Rhodes III tagged GameStop, Microsoft, and Xbox in a tweet, where he hinted that the tech giant may create a role behind the Immutable X and GameStop partnership behind the scene. Well, it is still unclear what is the exact connection between these three parties. Many experts are predicting what could be the reason behind the partnership of these three giants of the market.