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Nonsense, console makers and devs will never code in support for NFTs to allow their games to be sold "used" and if they do make their own NFT systems, it isn't going to be anything that wants to give Gamestop a cut.
No, you would need support for an NFT system to be coded into a given system and the console makers / developers will never support having their products circulate like that because it leads to less money.
No one has hurt hedge funds with this because hedge funds are way better equipped to handle bubbles than anyone else is. Even if they buy to shore up shorts, when it goes up as much as it has they probably net made money
People choosing to sell isn't an "attack", you have to buy it before you can sell it. All you're seeing is normal behavior on an unstable speculative stock.
Are you referencing the idea of selling "used downloads"? This sounds like a lot of buzz to me, NFTs and cryptocurrency has no fundamental connection to renting and staffing physical stores.
Another guy touched upon this. That is pretty much all the value GME has right now, name recognition. But they'd have to make a huge play like this soon for it to be worth it.
Why would a physical games retailer with rent and staffing costs be selling cryptocurrency?
With the kind of money they can raise in the short term, something like that might be their only viable option. But even that probably wouldn't support the rent and staffing costs of retail stores.
How the heck would the developers of hardware, or even software, ever support "used downloads"? That sounds like a pipe dream to me.
Yachts for the upper management after enough new stock is sold at hundreds of times the fair value.
Durrr no this is a shocking development 🤪
You're an idiot if you're surprised that they are selling shares at this stage.