GameStop axes NFT marketplace, citing regulatory uncertainty
Quick Take GameStop’s NFT marketplace will wind down on February 2, 2024. The company killed its NFT wallet last August, citing regulatory uncertainty for both moves.
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 marketplace's X account hasn't been active since September of last year, either. Still, the move marks a significant turn for the company, which sought to rally its retail trader fans with its foray into Web3 in 2022.
GameStop did not immediately respond to a request for comment from The Block.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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