Massive influx of users is coming to Ethereum [ETH]
A new GameStop plan may result in an influx of users arriving on the Ethereum blockchain. The Twitter account, 'croissant' somehow founded the clues and connected the dots that perhaps GameStop's NFT plan can continue and result in more users accessing the Ethereum blockchain.
The tweets point to GameStop's broken plan to launch an NFT market, but believe that maybe something bigger is coming. The thread's tweet talks about a new GameStop subdomain that may be market related.
Big names affecting the market
When large companies enter the world of blockchains, it almost always results in more users accessing the platforms. Sometimes they launch blockchain-based products that entice their users to spend money on the new system.
New products always need cryptocurrencies to be able to serve customers. It results in a greater purchase of a currency that ultimately increases the price.
The host blockchain also benefits from these decisions, because it sees an influx of users who may also be attracted to other products on the network.
GameStop is one of the largest game companies in the world, with many products and a large fan base. If companies like GameStop launch blockchain products, they can attract a considerable number of users to the ecosystem.
The new "croissant" prediction on Twitter suggests that GameStop may be working in a previously canceled NFT market. News about this market was released in July, but there have been no real products since then.
According to the tweets, the company has created a subdomain for NFT and it may be working on the project again. This project can be connected to the newly hired manager, Ryan Cohen, and large investments that increased the value of GameStop to $ 1.3 billion. The long-thread tweet for "croissant" details the plans.
A massive surge of users are about to come to $ ETH.
The news of GameStop launching an NFT platform broke back in July, but after digging a little deeper I've connected the dots to something even bigger
I’ll detail this information in the thread below… 🥐
– croissant (@CroissantEth) September 1, 2021
Part of it says:
“NFT's integration with GameStop would provide an extremely useful application with unique benefits. It signifies the deep immersion of companies in the blockchain and their effort to go digital. NFTs are the perfect fit, and $ GME can bring millions of users to the network in this way.
Although GameStop has not made an actual announcement about the NFT market, the signs show that this company is seriously considering this product. The subdomain nft.gamestop.com says they are forming a team. It will surely be a team focused on NFT.
Also, the recent hires of this company are mainly focused on blockchain technology. If GameStop continues with the project and launches an NFT market on the Ethereum blockchain, we may see an influx of users to this platform.
But you can change plans, and your engineers can suggest other blockchains as well. In this scenario, the target blockchain can receive a lot of market attention.