Over $3M Has Been Spent on GameStop's NFT Marketplace

GameStop’s experiment with NFTs has gotten off to a surprisingly good start.

That’s not gamechanging money, but is more than many expected.

Ether, with which most NFTs are purchased, is down nearly 70% since the new year dawned.

GameStop’s NFT marketplace has had a stronger start than crypto exchange CoinBase.

The biggest NFT collection on GameStop’s NFT marketplace is MetaBoy, which features Game Boy-themed pixel art.

Over $1 million has been spent on MetaBoy NFTs alone.

In addition to its newly-launched marketplace, GameStop also offers its own cryptowallet.

NFT sales on OpenSea fell from $2.5 billion in May to $696 million in June.

The two have offered a $100 million grant to Web3 developers that join the platform.

It comes at a tumultuous time for GameStop.

Last week the company fired its Chief Financial Officer amid wider layoffs within the organization.