GameStop shares surge on plan to enter NFT, crypto markets

FILE PHOTO A GameStop Inc. store is shown in Encinitas California U.S. May 24 2017. REUTERSMike BlakeFile Photo

FILE PHOTO: A GameStop Inc. store is shown in Encinitas, California, U.S., May 24, 2017. REUTERS/Mike Blake/File Photo

(Reuters) - GameStop Corp is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish cryptocurrency partnerships, a source familiar with the matter said on Thursday, boosting the video game retailer's shares 27% in extended trading.

GameStop declined to comment. The Wall Street Journal first reported the news citing people familiar with the matter.

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