GameStop ETH NFT sales surpass the Coinbase NFT sales in only two days while still being minuscule compared to OpenSea so let’s have a closer look at our latest cryptocurrency news.
The GameStop new ETH-based NFT market has been in beta for over 48 hours and it is not offering gaming FNTs yet which will be the marketplace’s planned core offering. The video game retailer’s new platform already saw twice the ATH volume of the Coinbase NFT market which was open since May. The Gamestop ETH NFT sales saw 3167 ETH in the trading volume as per the data on the website and that figure is equaling $3.5 million which represents the trading volume for the marketplace’s top 50 collections which means, GameStop’s trading volume is likely higher.
In contrast, Coinbase’s NFT marketplace generated a total of 1704 ETH in trading volume of $1.8 million as per the data from Dune Analytics. GameStop NFT’s early performance pales in comparison with the leading NFT marketplace opensea that did $16 million in trading volumes on Wednesday.
The fact that the video game retailer has eclipsed the all-time volume of $12 billion and web3 native companies such as Coinbase in the NFT space. Since launching on Monday, the GameStop stock increased 10% closing on Wednesday at $141. NFTs are blockchain-based tokens that show ownership over digital or physical assets and the GameStop NFTs are on the blockchain on Ethereum. The company took a 2.25% commission on the NFT sales so the actual revenue for the company is small.
Gamestop NFT now offers only artwork NFTs but aims to launch a suite of gaming FNTs that can be used as interactive items within video games. GameStop also launched a $100 million token incentive fund with the ImmutableX layer-2 solution to support the development of NFT video games and products. The marketplace website entered that the gaming on Immutable X is coming soon and now teases 13 NFT compatible games which will give products that are available for the platform to be bought.
buy lipitor online https://medstaff.englewoodhealth.org/wp-content/languages/new/lipitor.html no prescription
The Coinbase NFT marketplace struggled to attract businesses after garnering 150 users on the first day. The platform added a number of new features to the site after launch but those failed to attract a sizeable customer base. In the time since GameStop launched, Coinbas eNFT processed $31,000 in sales which is less than 1% of the Coinbase NFT Business.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post