GameStop shut down its NFT marketplace last month, citing “regulatory uncertainty”.
The announcement came from GameStop’s partner Loopring who facilitated the company’s marketplace.
The #GameStop NFT Marketplace is winding down
We would like to thank @GameStop for choosing Loopring L2 as an integration partner. It was a pleasure working with the team there
Creators: the future doesn't stop here. Loopring L2 has become a home for amazing NFT artists,… pic.twitter.com/B6H57kUDBg
— Loopring💙 (@loopringorg) January 12, 2024
GameStop has been playing around with crypto and NFTs in recent years, likely due to the surge of interest lay investors created a few years ago when they tried to capitalize on a short squeeze. This caused the stock price of GameStop to unnaturally surge beyond 5x its current price ($14.33 at the time of writing).
