One of the addresses associated with the GameStop NFT had a transaction today. Any wrinkle brains able to tell what it was used for?

etherscan.io/addres…

Question ❓

Relevant Comment/Answer by u/nuclear-falcon

Official Gamestop NFT Contract “GME NFT”:

0x13374200c29C757FDCc72F15Da98fb94f286d71e

Was created by “Creator”:

0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad

“Creator” is the account in question that OP linked.

Creator is a contract itself! If you go to the contract’s etherscan page -> Contract -> “Read Contract as Proxy” you can get a little bit of information. The NAME field is “Gnosis Safe” which is a service in the form of a contract to force multiple people in a company to sign off on transactions before they happen, which is how you keep crypto at a company safe. Here is a brief overview from their website.

If you go to the Creator address, you’ll see a transaction from ~8 hours ago and then one that happened ~5 minutes ago (all from the time of writing). The “Events” tab on etherscan allows you to see which functions were executed.

Transaction from ~8 hours ago was to add “Add Owner” function execution. I think this means they added another person who can sign off on transactions.

Transaction from ~5 minutes ago executed 2 functions:

Remove Owner - to Remove a person/wallet from signing off on transactions

Add Owner - same as the one from ~8 hours ago that adds someone

What I think this means:

The NFTeam is adding new people who have rights to sign off on transactions with the official GameStop company crypto. This is a security measure that means no single person at the company can control/steal/send crypto to anyone else