Gaming IndustryGameStop bids a final farewell to crypto with the closure of its NFT marketplaceWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
Gaming IndustryGameStop bids a final farewell to crypto with the closure of its NFT marketplaceWhen you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
(Image credit: Mike Mozart (via Flickr))

The marketplace has been updatedwith a notice to this effect, citing “continuing regulatory uncertainty of the crypto space,” the exact same wording GameStop gave when it announced theend of its crypto wallet. While users will no longer be able to buy, sell, or create on the platform, any assets they own will remain accessible on the blockchain via other platforms.
GameStop joined a wave of companies and individual celebrities to try and cash in on the height of 2021 and ‘22’sNFTcraze, which now feels like it happened in a different century. The company continued to lose revenue, however, and in June of last yearCEO Matthew Furlong was terminated. While GameStop has cited regulatory uncertainty in pulling out of the space, it’s not even clear anyone even cares enough to regulate crypto anymore.
The failure of numerous so-called stablecoins, the bankruptcy of FTX and the highly publicized prosecution of its founder, Sam Bankman-Fried, as well as the general crash in value of cryptocurrencies and NFTs have led to potentially irreversible reputational damage for the technology. Besides, we’re betting our future and the entire economy on AI now, grandpa.
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