Gamestop’s NFT Marketplace goes live at the mixed reception
GameStop’s NFT Marketplace is officially live from July 11, 2022. Users who have set up their GameStop wallet will now be able to replenish NFTs from the marketplace, including any etherium set aside for this big day.
So how is it doing? Well, financially speaking, pretty good. GameStop Analytics reports from Twitter account GMEdd Indicates that in 12 hours, the marketplace has earned more than 1 million in trading volume.
Gamestop NFT Marketplace has reached over $ 1,000,000 in volume since its launch nine hours ago.
– GMEdd.com (GMEdd) July 12, 2022
GMEdd also cites Metaboy as the marketplace’s highest-earning collection, selling over $ 100,000 in the first few days of the online marketplace. A portion of the collection features even more than $ 2 billion, although it is unlikely that it will actually sell anywhere near that amount.
GameStop’s bullishness on the NFTs and Web3 follows two key announcements surrounding the ever-increasingly disruptive game retailer. The first is its incoming four-a-stock split to take effect on this July 22 trading floor. While this move (including its promising initial return to the NFT marketplace) may entice more investors into the company, only time will tell if it will result in long-term success.
The move follows reports of massive layoffs in the company’s corporate sector in early July as it moves toward cutting costs and maximizing its current Web3 strategy. The layoffs included the departure of its CFO Mike Recupero, as well as several employees of Gamestop-owned magazine. Game Informer.
At the time of its pruning, and with the current struggles in the NFT market, some users have been frustrated by Gamestop’s aggressive Web3 strategy.
#GameStopNFT I lost the little respect I had for the gamestop. Support your local game stores or buy from eBay for used games
– MilkLadsForever (Justin) (ilMilkLadsForever) July 11, 2022
Forbes contributor Paul Tassi has written a scathing complaint against the new marketplace, calling it an “openness knockoff”, with some totally bent on the strategy. [… full of] Memors is running for millions of dollars to list waste art JPEG. “
The initial reception is so mixed,
It remains to be seen whether Gamestop will be able to see the heights it saw during its tenure as a meme stock in early 2021.
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