GameStop Pulls Out of Crypto, Shuts Down NFT Site –
GameStop has decided to exit the crypto space by closing its NFT marketplace, a move following the closure of its NFT wallet a few months ago.
The company initially entered the blockchain sector 18 months ago, launching an NFT marketplace supporting gaming NFTs on Ethereum scaling networks.
The decision to close the marketplace is attributed to ongoing regulatory uncertainties in the crypto space, marking a strategic shift for GameStop, which previously aimed to integrate blockchain technology.
Despite the closure, the blockchain-based NFTs can still be traded on various platforms. The move signals GameStop’s gradual disengagement from the crypto ecosystem, influenced by regulatory concerns, wavering commitment, and leadership changes.
The decision aligns with GameStop’s strategic focus on its core business strengths, leading to the removal of its NFT marketplace from DappRadar’s list.
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