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The launch of any crypto or NFT product by GameStop may stir a positive sentiment on the part of digital currency investors, a situation that may impact the company’s stock.
American video game, consumer electronics, and gaming merchandise retailer GameStop Corp (NYSE: GME) is on the hunt for a Security Analyst with expertise in Blockchain technology, crypto, and Non-Fungible Token (NFT). The advert for the position, released last week highlighted that the analyst is billed to work from its headquarters in Grapevine, Texas, and amongst many things, will be responsible for monitoring and maintaining data and platform confidentiality, integrity, and availability in an enterprise environment.
According to the published ad, the perfect candidate for the job will have a Bachelor’s degree with a regionally accredited program or at least 5 years of relevant work experience. Additionally, he or she will be fit to serve round the clock and in a collaborative environment. The required skills include programming knowledge using Python and or PowerShell, Analysis in a Security Operations Center (SOC), on threat hunting team, or in incident response, as well as mobile application security testing.
The additional experience required by GameStop which includes Blockchain, cryptocurrencies, and NFT strongly suggests the company is planning on making its way into the growing world of decentralized finance (DeFi) as well as the NFT revolution. Speaking to Decrypt, Nako Mbelle, founder and CEO of FinTech Recruiters, a Canadian recruitment firm that specializes in crypto hires said there is currently a high demand for experts with DeFi experience.
He added that the move could mean the firm wants to add crypto or NFTs to its platform adding whatever they are building is “something serious because they are considering the security angle.”
The integration of Non-Fungible Token is particularly becoming popular amongst gaming and esports outfits around today, evident by new blockchain-based enterprises springing up with dedicated products enhanced through cryptocurrency collectibles. While GameStop’s foray into this area may yet be obscure, it may stand as one of the initiatives that will help accelerate the firm’s long-sought transformation.
GameStop Crypto NFT May Reignite the Reddit-Styled Rally
GameStop’s shares are a popular asset especially after being embroiled in a short squeeze saga fueled by retail investors organized in a Reddit chat board dubbed r/WallStreetBets. The ensuing GME pump lasted for weeks and pushed the firm’s stock to over $347 per share, up from about $17 in mid-January.
At this time, however, the retail spike has died down but the volatility in the crypto space for which there are indications GameStop wants to explore may help reignite the spark. Going by its antecedents, the launch of any crypto or NFT product by GameStop may stir a positive sentiment on the part of digital currency investors, a situation that may impact the company’s stock.
At the time of writing, GameStop (GME) is exchanging hands at $164 in the pre-market having gained 3.56%, parring off the 6.99% loss in the previous session.