GameStop’s NFT Marketplace Sales Beats That Of Coinbase in Two Days

GameStop’s new Ethereum-based NFT marketplace has already seen nearly twice the all-time trading volume of Coinbase’s NFT marketplace.

The video game retailer’s NFT marketplace has been live in beta for a little over 48 hours and has managed to trump Coinbase’s NFT marketplace which has been open since May.

GameStop’s NFT marketplace isn’t even offering gaming NFTs yet, which will be the marketplace’s planned core offering.

Since Monday’s launch, GameStop NFT has seen at least 3,167 ETH in trading volume, according to data published on the marketplace website.

That figure equals almost $3.5 million and represents the trading volume for the marketplace’s top 50 collections.

In contrast, since its lackluster launch, Coinbase’s NFT marketplace has generated a total of 1,704 ETH in trading volume, or roughly $1.8 million.

GameStop NFT’s early performance still trails that of leading NFT marketplaces like OpenSea.

Since launching the marketplace on Monday, GameStop stock (GME) has risen 10%, closing on Wednesday at $141.28.

NFTs are blockchain-based tokens that show ownership over digital or physical assets, and GameStop’s NFTs are on the Ethereum blockchain.

GameStop NFT currently offers only artwork NFTs, but intends to launch a suite of gaming NFTs, which can be used as interactive items within video games.

Leave a Reply

Your email address will not be published.