GameStop Shut Down Its NFT Marketplace Platform

GameStop, the retail giant for game discs, has announced the cessation of its NFT marketplace platform starting February this year, putting an end to its foray into the world of cryptocurrencies.

Gamestop Shut Down Its Nft Marketplace Platform_65b978f67bfc7.webp

GameStop shut down its NFT marketplace platform

Despite the highly positive shifts in the cryptocurrency market in the early days of 2024, thanks to the SEC’s official approval of the Bitcoin spot ETF, the impact of the crypto winter still lingers.

Most recently, the renowned game retail distributor, GameStop, has brought its crypto journey to a close by announcing the discontinuation of its 1.5-year-old NFT marketplace platform.

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

In July 2022, GameStop entered the NFT trading market, supporting two Layer-2 Ethereum networks, Immutable X and Loopring. A few months earlier, the company also introduced its own non-custodial cryptocurrency wallet, gearing up for the digital asset world.

The gaming disc giant made some notable waves upon its initial foray. However, the challenging cryptocurrency market and unfavorable legal environment took a toll on their endeavors.

Related: Twitter Removes Feature to Set NFT as Profile Picture

By August 2023, GameStop announced the termination of its crypto wallet service. The NFT marketplace platform managed to hold on for an additional four months before receiving its “death sentence”.

The official announcement on their website stated:

GameStop has decided to shut down its NFT marketplace due to uncertainty regarding the legal regulations in the cryptocurrency field.

The marketplace will cease operations as of February 2nd. Meanwhile, GameStop NFT’s X account (formerly on Twitter) has shown no activity since September of the previous year.

With both products now “shutting down shop”, GameStop officially bids farewell to its brief cryptocurrency journey.

(100 votes)

5.0/5

(100 votes)

Latest

18 Wallets Dump 890 Million Tokens, Astra Nova Crashes 65%

News | Altcoin | Editor Choice

18 Wallets Dump 890 Million Tokens, Astra Nova Crashes 65%

After 18 wallets suddenly dumped 890 million RVV tokens worth over $10.6 million, the Astra Nova team was forced to launch an emergency token buyback program to calm the community.

Binance Deletes 600 Accounts For Exploiting Trading Bots

News | Editor Choice | Policy & Regulations

Binance Deletes 600 Accounts for Exploiting Trading Bots

Binance, the world’s largest cryptocurrency exchange, has taken a tough stance—blocking more than 600 user accounts accused of exploiting its Binance Alpha platform through coordinated automated bot activity.

Over $3 Million In Xrp Stolen, What Really Happened

News | Editor Choice | Policy & Regulations

Over $3 Million in XRP Stolen, What Really Happened?

An XRP investor in the U.S. has lost more than $3 million despite storing his assets in a cold wallet — a shocking incident that has shaken the crypto community and raised serious concerns about security vulnerabilities in so-called “safe” storage devices.

Ai Boom Propels Bitcoin Miners To 500% Gains, Outpacing Btc Itself

News | Bitcoin | Editor Choice

AI Boom Propels Bitcoin Miners to 500% Gains, Outpacing BTC Itself

AI-fueled revenues keep miners resilient — could that stability lift Bitcoin out of its October slump?

Bnb Plunges After Being Added To Coinbase’s Listing Roadmap

News | Altcoin | Editor Choice

BNB Plunges After Being Added to Coinbase’s Listing Roadmap

BNB’s price has tumbled sharply in recent days, despite the positive news that the token is set to be listed on Coinbase.

Screenshot 2025 10 20 091338