{"id":12602,"date":"2022-06-04T11:18:52","date_gmt":"2022-06-04T11:18:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/gamestop-reports-76-9m-in-proceeds-as-result-of-immutable-deal\/"},"modified":"2022-06-04T11:18:52","modified_gmt":"2022-06-04T11:18:52","slug":"gamestop-reports-76-9m-in-proceeds-as-result-of-immutable-deal","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/gamestop-reports-76-9m-in-proceeds-as-result-of-immutable-deal\/","title":{"rendered":"GameStop Reports $76.9M in Proceeds As Result of Immutable Deal"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Following the <a href=\"https:\/\/igaming.org\/crypto\/gamestop-inks-deal-with-immutable-x-to-power-nft-marketplace\/\">partnership with non-fungible token (NFT) scaling platform Immutable<\/a>, video game retailer GameStop (GME) received a cash flow boost of $76.9 million from the sale of IMX tokens.<\/p>\n<p>Nevertheless, reporting its quarterly results, GameStop recorded a negative cashflow for the quarter of $236.3 million.<\/p>\n<p>Net sales were\u00a0$1.378 billion\u00a0for the quarter, compared to\u00a0$1.277 billion\u00a0in the prior year\u2019s first quarter.<\/p>\n<p>The GameStop earnings call took note of the ongoing development of its <a href=\"https:\/\/igaming.org\/crypto\/gamestops-crypto-and-nft-wallet-is-live\/\">recently launched digital asset wallet<\/a>, and the planned <a href=\"https:\/\/igaming.org\/crypto\/gamestop-expects-nft-marketplace-to-launch-by-end-of-july\/\">release of its NFT marketplace<\/a> around summer 2022.<\/p>\n<p>Speaking on the earnings call, CEO Matt Furlong confirmed that its wallet has seen \u201csignificant\u201ddownloads from the Chrome store. Commenting on the company\u2019s future direction, he added:<\/p>\n<blockquote>\n<p>\u00a0\u201cWe firmly believe that digital assets are core to the future of gaming.\u201d<\/p>\n<\/blockquote><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/gamestop-reports-76-9m-in-proceeds-as-result-of-immutable-deal\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Following the partnership with non-fungible token (NFT) scaling platform Immutable, video game retailer GameStop (GME) received a cash flow boost of $76.9 million from the sale of IMX tokens. Nevertheless, reporting its quarterly results, GameStop recorded a negative cashflow for the quarter of $236.3 million. Net [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12602"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12602"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12603"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}