A GameStop Inc. store is shown in Encinitas, California, U.S., May 24, 2017. The video game retailer is undergoing a revamp, with Chairman Ryan Cohen tapping executives from companies including Amazon.com Inc to turn GameStop away from brick-and-mortar and towards e-commerce. An NFT is a digital asset that exists on a blockchain, a record of transactions kept on networked computers. The blockchain serves as a public ledger, allowing anyone to verify the NFT's authenticity and who owns it. GameStop launched its NFT website last year and has been inviting creators to join the platform.

Source: Wall Street Journal January 06, 2022 22:26 UTC