GameStop will close NFT platform due to regulatory uncertainty
American video game retailer GameStop has announced it is shutting down its non-fungible token platform due to uncertainty over crypto regulation.
NFT marketplace GameStop will cease operations on February 2.
“Your NFTs are stored on the blockchain. You will be able to access and sell them on other platforms,” the company said in a statement.
In August 2023, GameStop announced that its digital wallets would no longer be available on November 1st. According to Cointelegraph, the network also cited regulatory uncertainty in the crypto industry as a reason.
Let us recall that in December 2022, GameStop announced its refusal to implement initiatives related to digital assets after recording a net loss of $94.7 million in the third quarter.
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