Gamestop is set to close its NFT marketplace after just 18 months of operation, as shown on the company’s website.
Gamestop’s alliance withNFTsis ending, as the company has announced on its NFT-focused site that the business will no longer offer a marketplace due to “regulatory uncertainty”. The change will be effective from February 2, and users can no longer buy, sell, or create NFTs using the platform.
However, the company notes that users will still be able to access their assets, and that they will remain on the blockchain, and will be able to be sold through alternative platforms. According toDecrypt, this news comes four months after the firm closed its NFT wallet services.
The marketplace supported “gaming” focused NFTs and collectibles, it also had access to networks Immutable X and Loopring, which are both Ethereum-based networks.
The#GameStopNFT Marketplace is winding downWe would like to thank@GameStopfor choosing Loopring L2 as an integration partner. It was a pleasure working with the team thereCreators: the future doesn’t stop here. Loopring L2 has become a home for amazing NFT artists,…pic.twitter.com/B6H57kUDBg
Regulatory uncertainty shuts down marketplace
Whether this spurs more gaming-focused companies to abandon the idea of utilizing NFTs in-game remains to be seen. But, until then, it appears that Gamestop’s NFT focus is winding down.
Sayem Ahmed was Dexerto’s Tech Editor in the UK team, leading hardware coverage globally. Sayem is an expert in all things Nvidia, AMD, Intel, and PC components. He has over 10 years of experience, with bylines at Eurogamer, IGN, Trusted Reviews, Kotaku, and many more.
