Blockchain Division Head of GameStop ‘Matt Finestone’ Resigns

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Jeff Horseman
Jeff Horseman
Jeff Horseman got into journalism because he liked to write and stunk at math. He grew up in Vermont and he honed his interviewing skills as a supermarket cashier by asking Bernie Sanders “Paper or plastic?” After graduating from Syracuse University in 1999, Jeff began his journalistic odyssey at The Watertown Daily Times in upstate New York, where he impressed then-U.S. Senate candidate Hillary Clinton so much she called him “John” at the end of an interview. From there, he went to Annapolis, Maryland, where he covered city, county and state government at The Capital newspaper. Today, Jeff writes about anything and everything. Along the way, Jeff has covered wildfires, a tropical storm, 9/11 and the Dec. 2 terror attack in San Bernardino. If you have a question or story idea about politics or the inner workings of government, please let Jeff know. He’ll do his best to answer, even if it involves a little math.
  • The company is setting up a department to develop a marketplace for NFTs.
  • The crypto trading platform FTX and the game firm announced their alliance last week.

Cryptocurrencies are gaining traction all around the world. The cryptocurrency and blockchain communities are now obsessed with NFTs. Companies in previously unrelated sectors are increasingly dabbling in it.

GameStop, a retailer located in Texas, is shifting its attention to NFTs. According to a January story in the Wall Street Journal, the company is setting up a department to develop a marketplace for NFTs. Along the way, it hopes to establish partnerships with other cryptocurrency businesses.

Focusing More on NFTs?

Matt Finestone, head of the blockchain division at GameStop, announced his resignation on Monday. In a heartfelt five-part tweet exchange, he expressed his feelings.

Matt tweeted:

“I’ve recently moved on from my role as head of blockchain at GameStop. The past year and a half has been among the most meaningful of my life. I am so grateful to so many, and excited for what this motivated new division will continue to accomplish.”

GameStop, an American video game retailer, released a new wallet in May optimized for crypto transactions and NFTs ahead of the debut of its NFT marketplace later this year.

Using the Ethereum layer-2 scaling protocol ZK-rollup technology, users may transmit, store, transfer, and receive cryptocurrencies and NFTs at a cheaper cost and quicker rate than when using the Ethereum layer-1 Mainnet.

The crypto trading platform FTX and the game firm announced their alliance last week. Users may now be skeptical of the company’s blockchain ambitions after the departure of the head of the blockchain. This is followed by mass layoffs that have been announced recently throughout various crypto firms.

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