Cryptocurrencies
GameStop Launches Its NFT Marketplace Just as NFT Sales Dry Up
- The marketplace is part of a push to turn the retailer around
- The launch comes amidst an industry-wide NFT sales slump
A GameStop store in West Hollywood, California.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Retailer GameStop Corp. launched its long-awaited marketplace for nonfungible tokens Monday just as sales of such digital artworks dry up amid the crypto industry crash.
The marketplace is part of a push by GameStop Chairman Ryan Cohen to expand its array of digital services and online products in a bid to turn around the struggling video-game retailer.