Meme stocks rallied in premarket trading, with Gamestop rising nearly 20% and AMC rising over 8%.
GameStop is developing an online hub for buying, selling and trading NFTs of virtual videogame goods such as avatar outfits and weapons.
GameStopCorp. is launching a division to develop a marketplace for nonfungible tokens and establish cryptocurrency partnerships, according to people familiar with its plans, pushing the company into much-hyped areas as it tries to turn around its core videogame business.
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