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Why GameStop Is Falling Today

·2 min read
Why GameStop Is Falling Today
In this article:
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Shares of GameStop (NYSE: GME) are tumbling 6.7% at 10:40 a.m. EST on Tuesday, a day after the video game retailer launched its first digital wallet, which allows holders to easily access and trade their cryptocurrencies and non-fungible tokens (NFTs). The wallet will also enable transactions on GameStop's NFT marketplace, which the retailer expects to launch in its fiscal second quarter. GameStop's turnaround is predicated on a transition to digital assets.