Online game retailer GameStop have introduced the closure of their NFT market, efficient February 2.
This follows the sunsetting of their crypto pockets in August, with the Reddit darling citing “persevering with regulatory uncertainty” as the principle issue behind the choice.
The #GameStop NFT Market is winding down
We wish to thank @GameStop for selecting Loopring L2 as an integration accomplice. It was a pleasure working with the workforce there
Creators: the long run would not cease right here. Loopring L2 has turn out to be a house for wonderful NFT artists,… pic.twitter.com/B6H57kUDBg
— Loopring💙 (@loopringorg) January 12, 2024
Closing GameStop NFT
GameStop NFT, which helps NFTs on Ethereum Layer-2 networks Immutable and Loopring, was the final vestige of the corporate’s presence in web3, after the GameStop Pockets closed in August.
The gaming retailer had a short however notable presence in web3. Launching in July 2022, GameStop NFT was rumoured to have a 20+ sturdy workforce, and established a $100mil token fund with Immutable – albeit dumping nearly 50% of the tokens simply in the future after the deal was struck.
Amid a protracted bear market, studies emerged that GameStop had been seeking to pull out of web3 as shortly as they’d entered – and now, a mere 18 months after their debut, GameStop NFT isn’t any extra.
NFTs bought by means of GameStop’s market, each on Immutable and Loopring, can nonetheless be purchased, offered and traded on different platforms.
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