In this clip from The Call @ Hedgeye, Retail analyst Jeremy McLean flags GameStop’s (GME) latest NFT initiative heading into 2022, with the latest development of a new NFT marketplace.
“It looks like GameStop’s launch in crypto is going to start with trying to be a leading marketplace for gaming NFT’s,” notes McLean. “If you think, ‘why does this matter?’ just look out in the market right now. The most popular NFT marketplace is OpenSea, which has done over 410 billion in transaction volumes in 2021, and averaged about $3 billion a month for the last 3 months.”
“GameStop is one of the first real Retail brand names in this NFT space. We think there is a real commercial opportunity to being there.”
(This clip is a small taste of what our subscribers get each day on The Call @ Hedgeye. In a nutshell, The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates Click here to learn more.)