Skip to main content

GameStop’s crypto era brings FTX gift cards to its video game stores

GameStop’s crypto era brings FTX gift cards to its video game stores

/

As part of a new partnership between the two companies

Share this story

Retail Trader Favorite Gamestop Reports Quarterly Earnings
The two companies announced a partnership.
Photo by Justin Sullivan / Getty Images

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’t spelled out too many details about what the partnership will actually mean, but they did share a few tidbits. According to a press release, “the partnership is intended to introduce more GameStop customers to FTX’s community and its marketplaces for digital assets.”

GameStop is becoming FTX’s “preferred retail partner”

One concrete aspect of the partnership is that GameStop will start carrying FTX gift cards in “select stores.” GameStop is also FTX’s “preferred retail partner” in the US, which could suggest that FTX will sell other sorts of goods at GameStop at some point.

The partnership arrives on the heels of GameStop’s headfirst dive into crypto, which has so far included the launch of its own NFT marketplace and its own crypto wallet. The company also recently laid off staff, and in a memo to employees about the cuts, CEO Matt Furlong highlighted the company’s blockchain group in the very first sentence.

By partnering with FTX, GameStop seems to be signaling that it’s still serious about crypto — but the alliance could also help both companies as they attempt to navigate the so-called crypto winter. 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 Voyager and BlockFi, though he said recently those investments have had “mixed” results.

GameStop isn’t the only company to recently partner with FTX; Reddit has also teamed up with the crypto exchange, while FTX has spent extensively on ads during the Super Bowl and sponsored various sports teams / leagues in attempts to raise its profile. Last year, FTX paid $135 million to rename the Miami Heat’s home American Airlines Arena to FTX Arena, well before Crypto.com signed a $700 million deal for naming rights on the LA Lakers’ home court, previously known as Staples Center.

Today’s Storystream

Feed refreshed Two hours ago The tablet didn’t call that play by itself

E
Twitter
Emma RothTwo hours ago
Missing classic Mario?

One fan, who goes by the name Metroid Mike 64 on Twitter, just built a full-on 2D Mario game inside Super Mario Maker 2 complete with 40 levels and eight worlds.

Looking at the gameplay shared on Twitter is enough to make me want to break out my SNES, or at least buy Super Mario Maker 2 so I can play this epic retro revamp.


R
External Link
Russell BrandomTwo hours ago
The US might still force TikTok into a data security deal with Oracle.

The New York Times says the White House is still working on TikTok’s Trump-era data security deal, which has been in a weird limbo for nearly two years now. The terms are basically the same: Oracle plays babysitter but the app doesn’t get banned. Maybe it will happen now, though?


Asian America learns how to hit back

The desperate, confused, righteous campaign to stop Asian hate

Esther Wang12:00 PM UTC
R
Youtube
Richard LawlerTwo hours ago
Don’t miss this dive into Guillermo del Toro’s stop-motion Pinocchio flick.

Andrew Webster and Charles Pulliam-Moore covered Netflix’s Tudum reveals (yes, it’s going to keep using that brand name) over the weekend as the streamer showed off things that haven’t been canceled yet.

Beyond The Way of the Househusband season two news and timing information about two The Witcher projects, you should make time for this incredible behind-the-scenes video showing the process of making Pinocchio.


E
External Link
Emma Roth4:13 PM UTC
Netflix’s gaming bet gets even bigger.

Even though fewer than one percent of Netflix subscribers have tried its mobile games, Netflix just opened up another studio in Finland after acquiring the Helsinki-based Next Games earlier this year.

The former vice president of Zynga Games, Marko Lastikka, will serve as the studio director. His track record includes working on SimCity BuildIt for EA and FarmVille 3.


A
External Link
Andrew J. Hawkins3:37 PM UTC
Vietnam’s EV aspirant is giving big Potemkin village vibes

Idle equipment, absent workers, deserted villages, an empty swimming pool. VinFast is Vietnam’s answer to Tesla, with the goal of making 1 million EVs in the next 5-6 years to sell to customers US, Canada and Europe. With these lofty goals, the company invited a bunch of social media influencers, as well as some auto journalists, on a “a four-day, multicity extravaganza” that seemed more weird than convincing, according to Bloomberg.


J
James Vincent3:17 PM UTC
Today, 39 years ago, the world didn’t end.

And it’s thanks to one man: Stanislav Petrov, a USSR military officer who, on September 26th, 1983, took the decision not to launch a retaliatory nuclear attack against the US. Petrov correctly guessed that satellite readings showing inbound nukes were faulty, and so likely saved the world from nuclear war. As journalist Tom Chivers put it on Twitter, “Happy Stanislav Petrov Day to those who celebrate!” Read more about Petrov’s life here.


Soviet Colonel who prevented 1983 nuclear response
Photo by Scott Peterson/Getty Images
J
The Verge
James Vincent3:03 PM UTC
Deepfakes were made for Disney.

You might have seen the news this weekend that the voice of James Earl Jones is being cloned using AI so his performance as Darth Vader in Star Wars can live on forever.

Reading the story, it struck me how perfect deepfakes are for Disney — a company that profits from original characters, fans' nostalgia, and an uncanny ability to twist copyright law to its liking. And now, with deepfakes, Disney’s most iconic performances will live on forever, ensuring the magic never dies.


E
External Link
Elizabeth Lopatto2:41 PM UTC
Hurricane Fiona ratcheted up tensions about crypto bros in Puerto Rico.

“An official emergency has been declared, which means in the tax program, your physical presence time is suspended,” a crypto investor posted on TikTok. “So I am headed out of the island.” Perhaps predictably, locals are furious.


R
The Verge
Richard Lawler2:09 PM UTC
Teen hacking suspect linked to GTA 6 leak and Uber security breach charged in London.

City of London police tweeted Saturday that the teenager arrested on suspicion of hacking has been charged with “two counts of breach of bail conditions and two counts of computer misuse.”

They haven’t confirmed any connection with the GTA 6 leak or Uber hack, but the details line up with those incidents, as well as a suspect arrested this spring for the Lapsus$ breaches.


R
The Verge
Richard Lawler1:00 PM UTC
Green light.

Good morning to everyone, except for the intern or whoever prevented us from seeing how Microsoft’s Surface held up to yet another violent NFL incident.

Today’s big event is the crash of a NASA spaceship this evening — on purpose. Mary Beth Griggs can explain.


D
David Pierce12:54 PM UTC
Thousands and thousands of reasons people love Android.

“Android fans, what are the primary reasons why you will never ever switch to an iPhone?” That question led to almost 30,000 comments so far, and was for a while the most popular thing on Reddit. It’s a totally fascinating peek into the platform wars, and I’ve spent way too much time reading through it. I also laughed hard at “I can turn my text bubbles to any color I like.”