Gamestop stops investing in cryptocurrencies – Bits Media

American game retailer Gamestop reported, that no longer will invest in digital assets, focusing on non -replaced tokens and blockchain.

Gamestop's game retailer reported, that it does not plan to invest more resources, No human, Neither Cash, In cryptocurrencies, Since the company's net losses in the III quarter 2022 The years have drawn up order $95 million, And the employees, working in digital assets, were fired. Throughout the year, the company has reduced its presence in the cryptocurrency market and now it does not hold any crypto assets.

According to Gamestop General Director Matt Ferlong (Matt Furlong), The company has not lost faith in the long -term cryptocurrency potential in the gaming industry, but does not want to risk significant share capital in this industry. Nevertheless, the retailer will still invest money and promote projects, related to inconsistent tokens (NFT) and blockchain.

The Gamestop strategy works, But so far weak: Losses were reduced by only $14 Milln compared to the II quarter of this year - then they constituted order $109 million. Earlier it became known, that the retailer conducted a new wave of abbreviations in the company - the company fired as the main employees, So are those, Who worked on a cryptocurrency wallet.