GameStop’s NFT marketplace daily revenue falls below $4000

On the first day of the project’s launch, the sales volume of non-fungible tokens totaled $1,98 million

22.08.2022 - 12:45

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What’s new? Daily revenue for GameStop’s NFT marketplace, launched in July 2022, fell below $4000, according to analytics firm DappRadar. In the last 24 hours, the platform’s sales volume amounted to $177 270. Because the marketplace charges a 2,25% fee on NFT sales, it generated revenue of $3988 in 24 hours.

DappRadar’s data

Situation around the NFT marketplace. The latest data shows a significant decline from the day of the launch of the project. At that time, the sales volume of NFTs was $1,98 million, which equates to a fee of about $44 500.

What is known about the marketplace? It is a platform based on Ethereum L2 that provides high transaction speeds and low fees. It can be accessed through GameStop Wallet, which launched in May, and other Ethereum-enabled wallets. The platform’s functionality allows one to view statistics on NFTs, and there is also educational content that includes the basics of working with tokens.

What is known about GameStop? It is an American retail chain selling video game consoles, computer games, and accessories, founded in 2000. As of January 30, 2021, the chain had 4816 sales outlets in the United States and 17 countries around the world. The company’s shares are traded on the New York Stock Exchange (NYSE) under the ticker GME, as of August 22, 12:20, the price is $36,49, down by 3,8% per day, according to Investing.com.

Earlier, cryptocurrency exchange Coinbase reported a record $1,1 billion loss in Q2 2022. Net revenue amounted to $803 million, down 31% from the first quarter, due to lower trading volume.

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