The result was an overhaul in management to ensure its languishing sales are restored. The enhancements were seen as its revenue increased because of its consistent social media presence. The following months didn't prove good for Gamestop, as its shares saw a decline of 35 cents in its shares, according to Refinitiv IBES data. The agreement constructs on GameStop's earlier incursions into NFTs, including the launch in June of a digital asset wallet to allow gamers to store, send and receive cryptocurrencies and NFTs. In July, the company rolled out an NFT marketplace to trade those assets, despite the fact that sales of such digital artworks have declined resulting in the crypto industry crash. The pivot to NFTs has yet to display in GameStop's results. Net sales dropped 4% to $1.14 billion in the fiscal second quarter, the company said in a statement, falling short of analysts' estimates. The company's net loss nearly doubled to $108.7 million.