video game retailer Game stop have announced the closure of their nft market, starting February 2.
This follows the closure of its crypto wallet in August, with the Reddit favorite citing “continued regulatory uncertainty” as the main factor behind the decision.
He #GameStop nft Marketplace is coming to an end
We would like to thank @GameStop for choosing Loopring L2 as an integration partner. It was a pleasure to work with the team there.
Creators: the future doesn't end here. Loopring L2 has become home to amazing nft artists,… pic.twitter.com/B6H57kUDBg
– Loopring (@loopringorg) January 12, 2024
Closing GameStop nft
GameStop nft, which supports NFTs on the ethereum Layer-2 Immutable and Loopring networks, was the last vestige of the company's presence on web3, after the GameStop Wallet closed in August.
The gaming retailer had a brief but notable presence on web3. The GameStop nft, which launched in July 2022, was rumored to have a team of over 20 people and established a $100 million token pool with Immutable, although it dumped nearly 50% of the tokens just a day later. for the deal to be closed.
Amid a prolonged bear market, reports emerged that GameStop was looking to exit web3 as quickly as they had entered it, and now, just 18 months after its debut, the GameStop nft is no more.
NFTs purchased through the GameStop marketplace on both Immutable and Loopring can still be bought, sold, and traded on other platforms.
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*All financial/investment opinions expressed by nft Plazas come from the personal research and experience of our site moderators and are intended to be educational material only. People should thoroughly research any product before making any type of investment.
Director of operations at nft Plazas. Bullish on web3. Competitive soul.
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