In a 12 months which started with memes serving to to propel GameStop’s junk inventory value into the stratosphere, it’s solely becoming that the shrinking online game retailer ought to cap the frivolities off by cozying as much as cryptocurrencies. Final week, GameStop apparently joined Flexa, a cost community that permits you to pay for real-world stuff with blockchain belongings, together with the meme forex Dogecoin.
“Enter the metaverse,” Flexa wrote on December 16 in an announcement that had nothing to do with the “metaverse.” “GameStop is now on Flexa, and we’re celebrating by enabling help for 4 new metaverse belongings: Axie Infinity Shard, MANA, SAND, and Clean Love Potion at the moment are accepted anyplace on the Flexa community.”
Flexa is an app that connects shops and eating places with crypto-enthusiasts in order that the latter can spend their Bitcoin and different environment-destroying currencies for items and providers in the actual world. A type of shops now seems to be GameStop, which is able to apparently allow you to pre-order video games like Pokémon Legends: Arceus utilizing Clean Love Potions that are at present value $0.03071 every.
GameStop didn’t instantly reply to a request for remark.
Cryptocurrencies have been breeding like rabbits this 12 months, however few have turn out to be as widespread, or showcased the absurdity of the complete enterprise so properly, as Dogecoin. A joke impressed by the decade-old Doge meme and hatched by two software program engineers again in 2013, the meme-crypto shot as much as $0.71 earlier this 12 months because of Elon Musk’s tweets. Regardless of plummeting within the months since, the worth nonetheless bounces round wildly, and one in every of its creators is on the file calling cryptocurrency a “right-wing, hyper-capitalist” rip-off.
In contrast to Dogecoin, GameStop’s inventory has, regardless of some latest bumps, continued to coast at a as soon as unthinkable $150 a share. After all, that hasn’t truly translated into higher working circumstances on the firm, the place staff are on the breaking level thanks partly to understaffing and horrible pay. It’s unclear how the brand new crypto collaboration will assist them, however GameStop prospects not less than can now relaxation simple realizing it’s simpler than ever to liquidate their Dogecoin holdings by pouring all of it into Funko Pops.