Technologies

GameStop is getting into NFTs and cryptocurrency

The video game retailer is no stranger to cashing in on internet culture.

GameStop is launching a division that will focus on non-fungible tokens (NFTs) and cryptocurrency partnerships, according to a Jan. 6 Wall Street Journal report. The US-based video game retailer reportedly already hired 20 people to work in the new division, which intends to create an NFT marketplace for GameStop, and there’s a website up where creators can request to take part in GameStop’s NFT marketplace.

The video game retailer already felt the impact that internet culture can have on business.

Last January, GameStop saw its stock fly in price after stock traders on Reddit began buying the stock. Shares started 2021 at $18 and then peaked at $483 weeks later. The outrageous volatility led to multiple Congressional hearings and investigations by federal agencies. GameStop stock closed at $131 on Thursday but has since continued to surge in after-hours trading to $172.

An NFT is a blockchain-based technology used to determine ownership of digital assets. Video game companies have started looking into integrating NFTs into games. Ubisoft was the first major game developer to do so in December 2021. However, gamers are wary of new methods of monetizing the games they play, and there are environmental concerns surrounding the technology.

Online video game retailer Steam recently banned video games that use NFTs and cryptocurrency from their platform. GameStop is the first major video game retailer to publicly enter the NFT and cryptocurrency space.

GameStop didn’t immediately respond to a request for comment.

Technologies

Honor’s Shimmering Magic V Flip 2 Has Arrived to Outshine Samsung’s Galaxy Flip

The flip foldable, releasing in China, includes a limited edition model co-designed by Jimmy Choo.

Honor has unveiled a new flip phone in China, and the company is billing it as, «the ultimate selfie device.» The Magic V Flip 2 includes an ultra-wide portrait mode, AI photography features and a playful, sparkly design.

The Magic V Flip 2 adds another device to Honor’s increasing lineup of foldable phones. So far, it’s only releasing the Magic V Flip 2 in China, starting on Aug. 28. It will sell for RMB 5,499 or about $766 USD.

The Magic V Flip2 appears to be geared toward influencers and fashionistas — a limited edition version of the new phone is co-designed by fashion icon Jimmy Choo and is, «inspired by the subtle shimmer of crystals.» It comes in deep sea blue and has a crushed stardust design, according to Honor’s press release.

Honor is also touting the phone’s 5,500mAh battery, which it says is the largest on the market for a flip phone. The also phone features a 200-megapixel main camera, a 50-megapixel ultra-wide camera and a 50 MP selfie camera. The Magic V Flip 2’s closest competition may be Samsung’s Galaxy Flip 7 FE, which is about $200 more expensive than the Magic V Flip 2.

Technologies

Silksong, Long-Awaited Hollow Knight Spinoff, Gets Release Date: Sept. 4

Announced in 2019, Team Cherry’s follow-up is coming sooner than expected, and it’s on Game Pass on Day 1.

Hollow Knight: Silksong is the follow-up, announced back in 2019, to one of the most beloved indie games of the last decade. In a special announcement video on Thursday, Australian developer Team Cherry revealed that the wait is almost over.

Silksong will be released on Sept. 4, according to the new trailer. The almost two-minute video reveals some of the new enemies and bosses in the upcoming spinoff and ends with the surprise release date.

Originally, Silksong was going to be a DLC for Hollow Knight. However, numerous delays resulted in it being pushed back again and again. Glimpses of the game would show up here and there over the years, but it was this year that it received the most attention from Nintendo as part of its Switch 2 lineup, and from Microsoft, which confirmed it would be available on Xbox Game Pass.

Hollow Knight: Silksong will be available on PC, Switch, Switch 2, Xbox One, Xbox Series X and Series S, PS4 and PS5. It will be available on Day 1 for Xbox Game Pass subscribers.

Technologies

PS5 Prices Go Up Today. Here’s How Much and Why

You can expect to pay more for a new PlayStation, thanks to «a challenging economic environment.»

Sony will increase the prices of its PlayStation 5 consoles in the US, starting today. This follows the trend of console manufacturers such as Microsoft and Nintendo raising prices for their hardware in response to tariffs.

The PlayStation-maker posted about the price change Wednesday. The jump in price is $50 more than the current price for each model.

The new prices are:

PlayStation 5: $500 to $550
PlayStation 5 Digital Edition: $450 to $500
PlayStation 5 Pro: $700 to $750

«Similar to many global businesses, we continue to navigate a challenging economic environment,» Sony said in a post about the price increase.

As of Thursday morning, retailers and Sony’s online store have yet to update the console prices. This jump in price also will likely affect recently released PS5 bundles such as the Astro Bot bundle and Fortnite Cobal bundle.

Sony says accessories have not been affected by the change and this cost hike only affects the US.

In May, Microsoft increased the price of the Xbox Series consoles and Nintendo hiked the original Switch console price and Switch 2 accessories this month.

While the companies didn’t point to the tariffs instituted by President Donald Trump as the reason for the hardware price jump, it would explain the trend in recent months.