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Meme Stocks Meet Crypto Mania With GameStop Pursuing NFTs

  • GameStop plans an NFT marketplace and support for creators
  • Stock jumped in extended trading after slumping since November
Updated on

It was just a matter of time before the turbocharged worlds of meme-stock and crypto trading collided in a burst of speculative frenzy.

News late Thursday that GameStop Corp., which became emblematic of 2021’s turbulent year of retail investing, is getting into the business of non-fungible tokens sent the stock soaring more than 20% after hours before giving back some ground. The shares ended Friday up 7.3% at $140.62. The jump followed a sharp retreat since late November.