Meme Stocks Meet Crypto Mania With GameStop Pursuing NFTs (4)

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 ended Friday up 7.3% at $140.62. 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 ...