GameStop has partnered with FTX US to improve interaction between gaming and the crypto community.
The partnership will allow for increased connectivity of the gaming world and the crypto industry.
GameStop Announces Partnership With FTX US
Video game company GameStop has partnered with Sam Bankman-Fried’s cryptocurrency exchange FTX US to improve interaction between gamers and the crypto community.
According to the statement, the two companies will support their e-commerce and marketing initiatives. In addition, some of GameStop’s stores will also have gift cards from FTX.
With the agreement, GameStop will enable FTX to become the preferred retail partner in the US.
The terms of the agreement have not yet been disclosed.
GameStop’s NFT marketplace has recently launched and has managed to generate strong volumes that surpass those of Coinbase.
Shares of GameStop also gained around 10% after the announcement of its Q2 earnings.
According to FactSet, the company reported revenue of $1.14 billion in the second quarter ended July 30.
FTX, which has been on the agenda by giving loans to save many crypto companies, is now increasing its connection with the gaming industry.
