GameStop’s Blockchain Ambitions: How the Meme Stock Company…
By Damilola Esebame
AI summary of the source article
GameStop completely dismantled its blockchain operations, shutting down its crypto wallet in November 2023 and closing its NFT marketplace in February 2024. The company cited continuing regulatory uncertainty in the crypto space as the reason for both closures.
Key facts
- GameStop launched its crypto wallet in May 2022 and its NFT marketplace in July 2022 with Loopring and Immutable X integrations.
- The company shut down its crypto wallet in November 2023 and closed the NFT marketplace on February 2, 2024.
- GameStop cited continuing regulatory uncertainty in the crypto space as the reason for shuttering both services.
Source excerpt · FinanceFeeds
KEY TAKEAWAYS GameStop had hired more than 20 people for its NFT unit by January 2022 and partnered with Immutable for a $100 million developer grant to build its NFT ecosystem. The GameStop Wallet launched in May 2022 as a browser extension for storing NFTs and cryptocurrencies on Ethereum layer 2 scaling networks. GameStop’s NFT marketplace launched in public beta in July 2022 using Loopring, wi…