Microsoft is the most recent major firm to be referenced in relation to GameStop and its upcoming NFT market. This follows on the heels of GameStop and Immutable’s recent announcement of a big partnership.
GameStop stock prices rose around February 8th as a result of the Microsoft rumor. This happened barely a week after GameStop and Immutable announced their massive partnership. At the time, the two companies announced a $100 million grant initiative to develop the field of gaming NFTs.
Overall, it seems like Microsoft would aim to capitalize on the excitement that GameStop has generated since announcing its NFT Marketplace ambitions. Similarly, many people have been anticipating Microsoft’s entry into the NFT gaming market. Especially now that it has acquired Activision Blizzard’s gaming division.
There have been reports that officials from both Immutable and Microsoft have hinted at a possible partnership with GameStop. Yorke Rhodes III, Microsoft’s director of Blockchain, was mentioned by a number of Twitter users.
Around the time of the Immutable announcement, screenshots of a tweet from Rhodes were widely distributed on Twitter. To be clear, he was reacting to news that Immutable and GameStop were working together on the famous NFT joke by replying, “probably nothing.” In the tweet, Rhodes also mentioned Xbox, Microsoft, and GameStop. It’s unclear if Rhodes’ tweet represents Microsoft’s support for GameStop’s NFT goals.
AMC Entertainment was discussed in relation to GameStop’s NFT marketplace back in December. However, no business has yet issued an official confirmation of such allegations. In any event, as GameStop approaches the launch of the NFT marketplace, which has been in the works for months, expect more rumor mill activity.