{"id":14124,"date":"2022-09-08T14:39:31","date_gmt":"2022-09-08T14:39:31","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/09\/08\/gamestops-crypto-era-brings-ftx-gift-cards-to-its-video-game-stores\/"},"modified":"2022-09-08T14:39:32","modified_gmt":"2022-09-08T14:39:32","slug":"gamestops-crypto-era-brings-ftx-gift-cards-to-its-video-game-stores","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/09\/08\/gamestops-crypto-era-brings-ftx-gift-cards-to-its-video-game-stores\/","title":{"rendered":"GameStop\u2019s crypto era brings FTX gift cards to its video game stores"},"content":{"rendered":"<p>Source: <a href=\"https:\/\/www.theverge.com\/2022\/9\/7\/23341693\/gamestop-ftx-partnership-gift-card-crypto\">https:\/\/www.theverge.com\/2022\/9\/7\/23341693\/gamestop-ftx-partnership-gift-card-crypto<\/a><br \/>\n<code><br \/><\/br><\/code><\/p>\n<div readability=\"62.022857142857\">\n<p id=\"iICiCh\">GameStop is doubling down on crypto, and as part of its growing expansion into blockchain technologies, it announced a new partnership with crypto exchange FTX on Wednesday.<\/p>\n<p id=\"WSXXDs\">The two companies haven\u2019t spelled out too many details about what the partnership will actually mean, but they did share a few tidbits. <a href=\"https:\/\/gamestop.gcs-web.com\/news-releases\/news-release-details\/gamestop-forms-partnership-ftx\">According to a press release<\/a>, \u201cthe partnership is intended to introduce more GameStop customers to FTX\u2019s community and its marketplaces for digital assets.\u201d <\/p>\n<div class=\"c-float-right\">\n<aside id=\"oqPvod\"><q>GameStop is becoming FTX\u2019s \u201cpreferred retail partner\u201d<\/q><\/aside>\n<\/div>\n<p id=\"OmC986\">One concrete aspect of the partnership is that GameStop will start carrying FTX gift cards in \u201cselect stores.\u201d GameStop is also FTX\u2019s \u201cpreferred retail partner\u201d in the US, which could suggest that FTX will sell other sorts of goods at GameStop at some point. <\/p>\n<p id=\"1NM4IS\">The partnership arrives on the heels of GameStop\u2019s headfirst dive into crypto, which has so far included the launch of <a href=\"https:\/\/www.theverge.com\/2022\/7\/11\/23204454\/gamestop-nft-marketplace-crypto\">its own NFT marketplace<\/a> and <a href=\"https:\/\/www.theverge.com\/2022\/5\/23\/23137703\/gamestop-wallet-crypto-nft-launch-web3\">its own crypto wallet<\/a>. The company also recently <a href=\"https:\/\/www.theverge.com\/2022\/7\/7\/23199123\/gamestop-layoffs-cfo-fired-blockchain\">laid off staff<\/a>, and in a memo to employees about the cuts, CEO Matt Furlong highlighted the company\u2019s blockchain group <a href=\"https:\/\/www.cnbc.com\/2022\/07\/07\/gamestop-cfo-is-leaving-the-company-retailer-announces-layoffs.html?utm_term=Autofeed&#038;utm_medium=Social&#038;utm_content=Main&#038;utm_source=Twitter#Echobox=1657226272\">in the very first sentence<\/a>. <\/p>\n<p id=\"Q5JHkg\">By partnering with FTX, GameStop seems to be signaling that it\u2019s still serious about crypto \u2014 but the alliance could also help both companies as they attempt to navigate the <a href=\"https:\/\/www.theverge.com\/2022\/6\/17\/23172539\/3ac-celsius-babel-crypto-loans-hedge-funds-uh-oh\">so-called crypto winter<\/a>. As prices of digital assets plunged earlier this year, FTX CEO and co-founder Sam Bankman-Fried have tried to bail out some struggling crypto companies like <a href=\"https:\/\/www.theverge.com\/2022\/7\/6\/23196500\/cryptocurrency-broker-voyager-digital-bankruptcy\">Voyager<\/a> and <a href=\"https:\/\/www.theverge.com\/2022\/6\/13\/23166028\/blockfi-crypto-com-layoffs-cryptocurrency-defi-slump-halts\">BlockFi<\/a>, though he said recently those investments <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-08-31\/sam-bankman-fried-crypto-bailouts-had-mixed-results?sref=ExbtjcSG\">have had \u201cmixed\u201d results<\/a>.<\/p>\n<p id=\"wRu1s8\">GameStop isn\u2019t the only company to recently partner with FTX; Reddit has <a href=\"https:\/\/www.theverge.com\/2022\/8\/14\/23305354\/reddit-partners-ftx-cryptocurrency-exchange-community-points-sam-bankman-fried-sbf\">also teamed up with the crypto exchange<\/a>, while FTX has spent extensively <a href=\"https:\/\/www.theverge.com\/2022\/2\/14\/22933456\/crypto-super-bowl-commercials-impact-advertisements-analysis-fomo\">on ads during the Super Bowl<\/a> and sponsored various sports teams \/ leagues in attempts to raise its profile. Last year, <a href=\"https:\/\/www.miamiherald.com\/news\/local\/community\/miami-dade\/article250228430.html\">FTX paid $135 million<\/a> to rename the Miami Heat\u2019s home American Airlines Arena to FTX Arena, well before Crypto.com <a href=\"https:\/\/www.theverge.com\/2021\/11\/17\/22786809\/staples-center-arena-los-angeles-renaming-crypto-com\">signed a $700 million deal<\/a> for naming rights on the LA Lakers\u2019 home court, previously known as Staples Center.<\/p>\n<\/div>\n<p><code><br \/><\/br><\/code><\/p>\n<p>Source: <a href=\"https:\/\/www.theverge.com\/2022\/9\/7\/23341693\/gamestop-ftx-partnership-gift-card-crypto\">https:\/\/www.theverge.com\/2022\/9\/7\/23341693\/gamestop-ftx-partnership-gift-card-crypto<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: GameStop is doubling down on crypto, and as part of its growing expansion into blockchain technologies, it announced a new partnership with crypto exchange FTX on Wednesday. The two companies haven\u2019t spelled out too many details about what the partnership will actually mean, but they did share a few tidbits. According to a press [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14125,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,8],"tags":[13],"class_list":["post-14124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gaming","category-technology","tag-gaming"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GameStop\u2019s crypto era brings FTX gift cards to its video game stores - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/09\/08\/gamestops-crypto-era-brings-ftx-gift-cards-to-its-video-game-stores\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GameStop\u2019s crypto era brings FTX gift cards to its video game stores - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: GameStop is doubling down on crypto, and as part of its growing expansion into blockchain technologies, it announced a new partnership with crypto exchange FTX on Wednesday. The two companies haven\u2019t spelled out too many details about what the partnership will actually mean, but they did share a few tidbits. According to a press [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/scienceandnerds.com\/2022\/09\/08\/gamestops-crypto-era-brings-ftx-gift-cards-to-its-video-game-stores\/\" \/>\n<meta property=\"og:site_name\" content=\"Science and Nerds\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-08T14:39:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-08T14:39:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2022\/09\/gamestops-crypto-era-brings-ftx-gift-cards-to-its-video-game-stores_6319fea3d5906.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/scienceandnerds.com\/2022\/09\/08\/gamestops-crypto-era-brings-ftx-gift-cards-to-its-video-game-stores\/\",\"url\":\"https:\/\/scienceandnerds.com\/2022\/09\/08\/gamestops-crypto-era-brings-ftx-gift-cards-to-its-video-game-stores\/\",\"name\":\"GameStop\u2019s crypto era brings FTX gift cards to its video game stores - 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