It was just a matter of time before the turbocharged worlds of meme-stock and crypto trading collided in a burst of speculative frenzy.News late Thursday that GameStop Corp., which became emblematic of 2021’s turbulent year of retail investing, is getting into the business of non-fungible tokens sent the stock soaring more than 20% after hours before giving back some ground. The shares were up about 6% at $138.50 as of 10:45 a.m. Friday in New York. The jump followed a sharp retreat since late November.NFTs emerged as the hottest commodity of the crypto universe last year as prices for some digital artworks spiraled into the millions of dollars and celebrities and athletes flocked to the asset class. GameStop’s flirtation with crypto follows that of fellow Reddit-crowd darling AMC Entertainment Holdings Inc., which announced in November that it’s contemplating issuing its own cryptocurrency.
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