GameStop is currently seeking out skilled analysts who are well versed in cryptocurrency. As such, this could signal the company’s intention to foray into decentralized finance.
The Offer From GameStop
On Friday, GameStop advertised that they were looking to hire one security analyst who has skills in crypto, NFT, and blockchain. The game store recently took center stage after Reddit pushed its stock skywards against all expectations of Wall Street.
The position requires the analyst to possess experience and skills in that technology. Moreover, the applicant must be at least a graduate and have over five years’ worth of experience in a relevant field. The position also requires the person to be available anytime during the day. The preferred list of expertise includes malware analysis, esports, e-commerce, artificial intelligence, and machine learning.
Nako Mbelle, FinTech Recruiters’ CEO and founder, explained that currently there is a very high demand for software engineers and product managers who know decentralized finance. Nako further pointed out that this particular GameStop recruitment is probably a sign that the company might be bringing out tokens or minting NFTs next.
It was late January by the time GameStop’s time in the spotlight came. Grassroots investors worked together on r/WallStreetBets on Reddit to frantically purchase the company’s stocks. This made its price surge upwards which in turn made hedge funds purchase more stocks. This is called short-squeeze in trading. As a result, the price reached $492 from $40 in less than a week.
GameStop is an offline retail store and was recently struggling in competing with online rivals. However, with the revived interest from the stock market, they are trying to take initiatives that will further transform the company forward from late March.
The latest recruitment poster suggests that cryptocurrency is the next step being considered. Mbelle suggested that if GameStop manages to take hold of the crypto market similar to the way it did the Reddit users, another surge will not be a surprise.
