GameStop is shuttering its NFT marketplace on Feb. 2 due to “the continuing regulatory uncertainty of the crypto space,” the gaming giant announced via a website banner.
GameStop removed support for its NFT wallet in November for the same reason. The news continues a trend of major companies losing interest in NFTs following social media platform X’s decision to end its NFT profile picture feature last week.
Read more: X reportedly no longer supports NFT profile pictures
GameStop began teasing an NFT marketplace in May 2021 — shortly after a retail-led short squeeze ballooned the struggling stock’s price. The platform launched in July 2022, becoming a top-ten marketplace that summer. It saw $6 million in volume in its first two months.
The traction wasn’t sticky, though: The site has seen roughly $40,000 in volume over the past month.
As part of its erstwhile NFT push, GameStop received a grant from gaming layer-2…
