$GME MY NEW CONSPIRACY THEORY 🤯
First, let's review some of the pieces of the puzzle:
In 2021, Gamestop put out a press release explaining they will transform into a technology company.
investor.gamestop.com/news-r…
In 2022, tZero and Boston Stock Exchange (BSTX) became the first regulated and nationally approved blockchain based stock exchange.
businesswire.com/news/home/2…
$BYON Trademark for DLR (Digital Locate Receipt) has been transferred from
@tZERO to
$BYON.
DLR is a blockchain based proprietary technology created to make short selling more transparent and prevent the issue of naked shorting.
In 2022, ICE, the parent company of New York Stock Exchange, invested into tZero particularly due to their interest in the company's ability to tokenize securities.
ir.theice.com/press/news-det…
For years we have been aware of the connections and shared interests between
$GME,
$BYON,
$BBBY, and tZero. All of these entities have joined the fight against naked shorting and are proponents of blockchain technology.
$GME has made some direct investments into blockchain and Web3 technology already with their crypto wallet, NFT marketplace, and Playr. They also collaborated with FTX in 2022.
In 2022, tZero filed trademarks for TeamsNXT, PlayerNXT, RacingNXT, MusicNXT, and more. It is speculated these are related to tokenized assets. For example, Argentina is spearheading the tokenization of soccer players.
crypto-news-flash.com/argent…
Now how is this all connected and what does this mean for the future of
$GME?
I believe the missing puzzle piece this whole time was
$EXOD. This past Spring, Exodus became the first publicly traded company to tokenize its stock on the blockchain on the
#NYSE.
fullycrypto.com/exodus-to-to…
$EXOD initially IPO'd on tZero's exchange in 2021 and now serves as the first true success story out of tZero, listing a tokenized asset on NYSE.
$BYON, formerly Overstock, has spent years incubating tZero in preparation for monetization of both tZero and Medici Ventures technologies. They now have successfully achieved bringing a tokenized asset to the NYSE. Essentially, the incubation period is now a success.
Coincidentally, Roaring Kitty returned shortly after the
$EXOD news to rekindle hype for
$GME stock.
While tZero was being incubated, Gamestop was raising billions of dollars so they could do something BIG. But wait, there's more!
In July of 2023, Overstock made an amendment to their annual report 7 months later.
"The Company determined that as of December 31, 2022, tZERO Group, Inc. ("tZERO"), an equity method investment, met the conditions of a significant subsidiary under Rule 1-02(w) of Regulation S-X. The purpose of this Amendment is to provide financial statements for tZERO as of and for the years ended December 31, 2022 and 2021, pursuant to Rule 3-09 of Regulation S-X."
So the amendment is specific to tZero and let's all get on the same page about what Rule 1-02(w) of Regulation S-X is.
"To determine the significance of an acquired or to-be-acquired business, the registrant performs “significant subsidiary” tests under Rule 1-02(w) of Regulation S-X (i.e., the asset test, the investment test and the income test)."
note: in 2021, Medici Ventures was converted into a Limited Partnership. The reason for this was to monetize the business within Medici. Basically, they were ready for the big leagues, whether to be sold to businesses, licensed, etc.
From Overstock's Investor Relations:
“We have been looking for the right solution to help us maximize the value of these assets, and we are delighted to have found a skilled and knowledgeable partner in Pelion,” continued Johnson. “We believe this structure offers the best opportunity for Medici Ventures’ companies to have meaningful exits and allows Overstock executives to focus on its core ecommerce business, which realized tremendous revenue, profit, and market share growth in 2020.”
More information from user
@jake2b here:
x.com/sboho/status/179155259…
Now let's briefly backtrack again to 2021, when tZero partnered with Tokensoft Transfer Agent. Tokensoft a year later was acquired by
@INX_Group. INX in September of this year launched a tokenized version of
$GME stock under symbol
$bGME.
So Overstock is looking for an exit on Medici Ventures' companies (tZero) and Gamestop has over $4 Billion in cash for acquisitions. We know Gamestop has relationship with these companies, we know they are interested in tokenized assets and Web3 technology, and we know they are planning some major moves with acquisitions.
My theory now is that
$GME will acquire tZero and related entities and patents from
$BYON. These technologies will be used to launch their own tokenized asset exchange which will not only be a
@RobinhoodApp killer but also be the first majorly used tokenized asset marketplace in the U.S. for non-traditional digital assets such as those related to the tZero trademarks listed above.
BONUS CONSPIRACY: They will also retain their slogan "Power to the Players" in a creative way to emphasize how asset tokenization reduces manipulation.