GameStop has announced the closure of its NFT marketplace. In a statement posted on the site, the company cited “continued regulatory uncertainty in the cryptocurrency space” as the reason behind the closure. The market officially launched on Halloween 2022, focusing on gaming assets in partnership with ImmutableX, an Ethereum layer 2 blockchain.
The news means that GameStop is on the verge of exiting the cryptocurrency space after the company delisted its crypto wallet last August. Customers will be able to sell their NFTs on other marketplaces, where the digital assets are hosted on the blockchain rather than any single storefront, the website's message says.
This news is unlikely to shock observers, as GameStop's NFT market has largely failed to make a dent in NFT trading volumes. market X account He hasn't been active since September last year either. However, the move represents a significant shift for the company, which sought to rally fans of retail traders with its foray into Web3 in 2022.
GameStop did not immediately respond to a request for comment from The Block.
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