Skip to main content

Featured Story

Enhanced Games: Redefining Sports with Science

The Enhanced Games: A New Era of Athletic Performance In a bold move that challenges the long-standing traditions of the sporting world, a new organization called the Enhanced Games is set to debut at the upcoming Paris Olympics. Backed by tech billionaire Peter Thiel, this initiative seeks to redefine the boundaries of human potential by allowing athletes to use performance-enhancing drugs under clinical supervision. This provocative approach raises significant questions about the future of sports, the ethics of competition, and the very essence of athletic achievement. The Vision Behind the Enhanced Games Leading the Charge Aron D Souza, a lawyer known for his legal battles, notably against Gawker Media, stands at the helm of this revolutionary concept. He asserts that science should not be an outcast in sports , arguing for its integration to unlock unparalleled human capabilities. The aim is to “end the oppression of science in sports,” as D Souza emphasized in an intervie

GameStop's NFT Marketplace Journey: A Comprehensive Review

Less than three years after first hinting at its interest in NFTs, GameStop is now abandoning its NFT marketplace. The game retailer, which originated as a U.S.-based brick-and-mortar operation in 1984, has faced challenges in sustaining profitability. While GameStop did achieve profitability in late 2022, this milestone came after significant company-wide layoffs and a strategic withdrawal from certain European markets. Let's delve into the trajectory of GameStop's NFT aspirations:

Rise and Fall of GameStop's NFT Plans:

  • In April 2021, a GameStop job listing for a blockchain security analyst indicated the retailer's intentions for an NFT push.
  • A fintech recruiter noted that GameStop's focus on security hinted at a substantial venture in the crypto space.
  • By May 2021, GameStop hinted at its blockchain project through a simplistic landing page, signaling ongoing recruitment efforts.
  • The landing page contained subtle clues, including a link to a GameStop Ethereum smart contract associated with Immutable's Gods Unchained card game.
  • In January 2022, GameStop formally established its blockchain department, recruiting 20 employees dedicated to its crypto initiatives.
  • The announcement led to a 31% surge in GameStop's stock value, reflecting investor optimism in the company's crypto prospects.
  • In February 2022, GameStop unveiled a $100 million grant fund in collaboration with crypto startup Immutable, offering IMX token disbursements to developers for NFT releases on Immutable X blockchain.
  • GameStop revealed its intention to utilize Immutable X blockchain for its forthcoming NFT marketplace, which also integrates Loopring, an Ethereum scaling network.

Despite the initial momentum and strategic partnerships, GameStop's decision to discontinue its NFT marketplace marks a significant pivot in its crypto strategy. This shift underscores the complexities and challenges companies face when navigating the rapidly evolving digital asset landscape.


Trending Stories