GameStop NFT Marketplace Launches Beta, Nearly Doubles Total Coinbase NFT Ethereum Sales in Just Two Days

Retail giant GameStop has launched a beta version of its non-fungible token (NFT) marketplace, already surpassing one prominent competitor.

GameStop released the NFT Marketplace just two days ago, but the total amount of Ethereum (ETH) NFTs sold on Coinbase’s NFT Marketplace, which was launched a few months ago, has already almost doubled.

according to data From GameStop, its NFT marketplace has so far confirmed transaction volumes in excess of 3,000 ETH and is worth about $ 3.4 million at the time of writing.

Statistics from crypto data provider Dune Analytics clearly In contrast, Coinbase’s NFT marketplace isn’t that hot.

Since its launch in May, Coinbase’s digital collectibles store has generated approximately 1,700 ETH worth of transactions, which at the time of writing is equivalent to approximately $ 1.8 million.

By comparison, OpenSea, the world’s largest NFT marketplace, has so far that’s all ETH trading volume of $ 4 million today alone.

The video game giant initially announced plans to create an NFT marketplace in February, partnering with Immutable X (IMX), an Ethereum-based layer 2 scaling solution.

In March, GameStop also announced a partnership with another ETH Layer 2 scaling solution, Loopring (LRC), as a means of driving planning for the NFT market.

While Loopring is running for $ 0.37, ImmutableX is changing hands at $ 0.88 at the time of writing.

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Featured Image: Shutterstock / ArtemisDiana