GameStop’s new NFT Marketplace carries about $ 44,500 in transaction fees in the first 24 hours after launching via public beta on Monday.
GameStop NFT reportedly generated and estimated $ 1.98 million in NFT sales in its first full day of business. As the platform charges a 2.25% NFT sales fee, this is equivalent to an estimated $ 44,500 fee.
Even if that amount seems disappointing, since it only represents 0.27% of GameStop’s daily revenue for 2021, it depends on your perspective. According to news outlet Kotaku, GameStop will have 4,816 stores in the United States by the start of 2021, averaging $ 3,426 in daily net sales for the company.
To make more difference, despite much anticipation before its launch in May, Coinbase NFT only generated $ 75,000 in NFT sales on the first day and took about a month to generate $ 1 million in volume. halin. Coinbase NFT also offers zero fees to attract new users that month.
GameStop NFT, based on Ethereum Layer 2 Loopring, is currently home to the long list of new and unknown NFT projects. However, it will soon host several Ethereum Layer 2 scaling solution projects, Immutable X such as Gods Unchained and Guild of Guardians. The duo teamed up in February to develop NFT games.
At this point, the MetaBoy NFT project featuring GameBoy-like animated console avatars is the best-selling collection on the market to date and has generated a volume of 989,597 ETH, or $ 1.1 million at current prices.
Top 10 best -selling projects: GameStop NFT
When attacked by game developers: “Why NFTs are a dream”
On Friday, video game developer Mark Venturelli launched a surprise attack on NFTs during the International Games Festival in Brazil. The event was sponsored by several NFT/blockchain companies such as Lakea and Ripio.
Venturelli, known for his work on Chroma Squad, was asked to give a virtual presentation on the future of gaming, but after the show he quickly changed, launching a tirade about “why NFTs are a you dream “.
Venturelli’s presentation, which also has an English version, actually argues that the introduction of speculative economic activity through NFTs will ultimately ruin the experience of people who just want to play for fun.
During an interview with PC Gamer on July 11, Venturelli said:
What will really happen is that organized groups will move and thrive with even less margins, and push everything. Because that’s what happened. If you play EVE Online or Runescape, or any other game that mimics the economy, this is what happens.
“Organized groups will crush you. What really happens if you don’t play and have fun – think about that – then you want to sell your stuff, your stuff is worthless, ”he added.
Tony Hawk… arrived in the metaverse
Skateboarding icon Tony Hawk has teamed up with The Sandbox to build the “largest skatepark” in the Metaverse.
The move was announced on July 13, and early previews showed users socializing at Hawk’s skatepark and the ability to create custom courses for their skating avatars.
Details are scarce at this point, but Hawk notes that it is the “largest skatepark” to reach the Metaverse. The deal marks another notable mainstream partnership for The Sandbox this week, after Playboy announced it was launching MetaMansion on the platform.
Limewire is back in full force
Limewire, the brand famous for providing pirated music/file sharing between 2000 and 2010, trended on Twitter this week after relaunching it as a music and entertainment-focused NFT platform.
The platform was launched on July 7 and has nothing to do with streaming software other than the purchase of name usage rights. He teamed up with iconic 2000s musicians like Soulja Boy to spread the word.
Many people on Twitter have since enjoyed pointing out the irony of Limewire from being a music piracy platform to selling NFTs where their works can be easily ‘stolen’ by a right click and a backup. Limewire, however, joined in the fun by retweeting those memes.
More interesting news
Blockchain analytics service Nansen released its NFT Indices report for the second quarter of 2022, with data showing that June saw the lowest number for the calendar year even though buyers remained steady.
China’s largest city, Shanghai, is officially looking to accelerate the development of innovations such as blockchain, NFTs, Metaverse and Web3 during its next five-year plan.