GameStop stock soars 20% over the news it’s creating an NFT marketplace

GameStop is getting into the NFT sector by creating a marketplace for the non-fungible tokens.

The Wall Street Journal originally broke the news but since then, many sources familiar with the matter have spoken to other outlets. According to a source speaking with CNBC, GameStop's plan is to establish cryptocurrency partnerships to "create games and items for the marketplace." This marketplace, which is currently accepting requests to become a creator, will focus on virtual gaming items such as cosmetics and weapons.