GameStop NFT Platform Thriving After Just 48 Hours

GameStop's NFT marketplace launched 2 days ago, without any gaming NFTs which the company claims will be its main focus. With that said the new marketplace has already dwarfed Coinbases NFT platform, in all-time trading volume. Coinbase NFT has been operating since May.

Since its launch on Monday GameStop NFT has already had at least 3,167 ETH in trading volume, according to data published on the marketplace website. Which equals to around $3.5 million, but still only pertains to the platform's top 50 collections, so the real figure could be significantly higher.

On the opposite side, Coinbase NFT since its launch has not been able to even scratch the competition, with data from Dune Analytics showing only 1,704 ETH in trading volume, or roughly $1.8 million.

Though Gamestop seems to be stomping Coinbase, its numbers pale in comparison to the top of the competition such as OpenSea which did $16 million in trading volume on Wednesday alone.

But the company's ability to have already eclipsed a mainstay Web3 company such as Coinbase in the NFT space is nothing to scoff at.

Since the marketplaces launching GameStops stock (GME) has seen a 10% rise, closing today at $141.28, still down 26% from its all time high back in 2020.

NFT and gaming has had a battle-hardened relationship with many in the space calling NFTs a scam as well as other fruitful words, but this has not stopped giants from within to take the task of making such a nascent technology accepted by all.

GameStops persistence should lead to them gaining an early lead in the future of the space, if their bets are able to pay off.