Video game retailer GameStop (GME), which reported its quarterly results, received a cash flow boost of $76.9 million from the sale of IMX tokens it received as part of its partnership with NFT scaling platform Immutable.
- GameStop sold the IMX tokens it received under its agreement with Immutable in February, raising $76.9 million. Overall, the company reported negative cash flow of $236.3 million for the quarter.
- GameStop also pointed to further steps to support the recent launch of its digital wallet, as well as its intention to open its NFT marketplace in the second quarter.
- In the conference call, management said the wallet has seen "significant" downloads from the Chrome App Store. "We strongly believe that digital assets are central to the future of gaming," CEO Matt Furlong said.