As reported by Decrypt, the company has announced that its NFT marketplace will shutter on February 2.
The marketplace has been updated with a notice to this effect, citing "continuing regulatory uncertainty of the crypto space," the exact same wording GameStop gave when it announced the end of its crypto wallet.
Like many retailers, GameStop has struggled in the face of ecommerce and digital distribution, though it still retains a strong nostalgic appeal to many gamers.
In 2021 we saw the strange saga of its stock price getting driven into the stratosphere by small traders organized through Reddit.
Though the story has been made into a movie with a bafflingly excellent cast, the good times didn't last for GameStop or many of those hobbyist traders.
The company continued to lose revenue, however, and in June of last year CEO 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. »