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July 20 (MT Newswires) — GameStop’s non-fungible token marketplace has become an early hit among collectors of digital images. The video-game retailer did more than 5,000 Ethereum ($7.3 million) in trading volume since opening its NFT platform on July 11, according to data compiled by Coindesk.
That first-week figure is more than twice the all-time NFT volume of rival and early entrant Coinbase. However, both have far to go to reach NFT leader OpenSea, which booked $120 million in Ethereum sales in the past week, according to data from DappRadar. That leading platform had more than 321,000 monthly active traders in June, according to industry analyst estimates.
The top seller on the GameStop marketplace has been the MetaBoy project, with roughly 1,200 Ethereum in sales volume. Marketplace volume on the opening day was about 1,831 Ethereum but has since slipped.
In the recent marketplace rivalry, GameStop’s high marketplace fee, at 2.25%, doesn’t seem to have hurt its prospects. Coinbase offers a zero-trading fee to draw in new users.
The video-game retailer continues to make strides into Web3 and the metaverse. In May, it launched a crypto and NFT-dedicated wallet. It also announced a partnership with Immutable X (a scaling solution for NFTs) where the company will be putting its $100 million gaming fund to use in the space.
Copyright © 2022 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
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July 20 (MT Newswires) — GameStop’s non-fungible token marketplace has become an early hit among collectors of digital images. The video-game retailer did more than 5,000 Ethereum ($7.3 million) in trading volume since opening its NFT platform on July 11, according to data compiled by Coindesk.
That first-week figure is more than twice the all-time NFT volume of rival and early entrant Coinbase. However, both have far to go to reach NFT leader OpenSea, which booked $120 million in Ethereum sales in the past week, according to data from DappRadar. That leading platform had more than 321,000 monthly active traders in June, according to industry analyst estimates.
The top seller on the GameStop marketplace has been the MetaBoy project, with roughly 1,200 Ethereum in sales volume. Marketplace volume on the opening day was about 1,831 Ethereum but has since slipped.
In the recent marketplace rivalry, GameStop’s high marketplace fee, at 2.25%, doesn’t seem to have hurt its prospects. Coinbase offers a zero-trading fee to draw in new users.
The video-game retailer continues to make strides into Web3 and the metaverse. In May, it launched a crypto and NFT-dedicated wallet. It also announced a partnership with Immutable X (a scaling solution for NFTs) where the company will be putting its $100 million gaming fund to use in the space.
Copyright © 2022 MT Newswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
