GameStop Abandons NFT Marketplace in Crypto Pullback

GameStop is pulling the plug on its NFT marketplace, another crypto casualty for the video game retailer. Just two months after abruptly shutting down its crypto wallet, GameStop will permanently disable the ability to buy, sell or mint NFTs starting February 2nd.

In the closure notice posted online, GameStop cites “the continuing regulatory uncertainty of the crypto space” as motivation for winding down operations. It mirrors the explanation given in November upon terminating its cryptocurrency wallet feature without warning.

The NFT platform had a short run after launching mid-2022 amid much fanfare. On the heels of rampant speculation earlier that year, GameStop unveiled plans to create an NFT marketplace using blockchain technology from Immutable X and Loopring.