GameStop axes NFT marketplace, citing regulatory uncertainty | Headlines | News | CoinMarketCap

01/14/2024 06:33
GameStop axes NFT marketplace, citing regulatory uncertainty | Headlines | News | CoinMarketCap

GameStop has announced the closure of its NFT marketplace. In a statement posted to the site, the company cites "the continuing regulatory …

GameStop has announced the closure of its NFT marketplace. In a statement posted to the site, the company cites "the continuing regulatory uncertainty of the crypto space" as the reason behind the closure. The marketplace officially launched on Halloween of 2022, focusing on gaming assets in partnership with ImmutableX, an Ethereum layer 2 blockchain. 

The news means GameStop is all but exiting the crypto space after the company axed its crypto wallet last August. Customers will be able to sell their NFTs on other marketplaces, the website's message says, as the digital assets are hosted on the blockchain rather than any one storefront. 

This news is unlikely to shock observers, though, as GameStop's NFT marketplace largely failed to make a dent in NFT trading volumes. The …

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