Think back to July 2022. That was when the NFTs market was collapsing, and cryptocurrency scams were popping up everywhere you looked. That was when GameStop announced its intention To get access to all that cool Web 3.0 stuff. Well, you’d never believe it, but things didn’t go well. in An update was just posted on his NFT sitethe company announces that everything will be terminated.
It’s shocking stuff. Who could have accurately predicted every detail of it when they vaguely heard it upon its release? Well, maybe not all those people who It turned the meme into a religiontruly believing GameStop is going on Failure to rise like a phoenix From the ashes of physical media was evidence of its undoubted success. Pour ’em one, as GameStop declares that “continued regulatory uncertainty in the cryptocurrency space” means it’s time to ditch the future of jpeg trading.
This is really the reason given. The full “Important Update” reads:
GameStop has decided to end our NFT market due to continued regulatory uncertainty in the cryptocurrency space.
Starting February 2, 2024, customers will no longer be able to buy, sell, or create NFTs. Your NFTs are on the blockchain and will remain accessible and sellable through other platforms.
Yes, all of them Animated images of moving shapes Investing in it almost wouldn’t have been a problem for GameStop. Yes, this $253.83 Two-frame animation of an eyeball in pixels It will have to be purchased elsewhere. The regulation is too uncertain for GameStop to handle.
at least everything gold Really good For that year and a half althoug.
Funnily enough, it was “regulatory uncertainty” that we also experienced GameStop is shutting down its cryptocurrency wallets Last August.
The company now appears to have completely rid itself of the cryptocurrency nonsense, and is presumably looking for the next meme-y idea to latch onto for another memestock surge.