Bloomberg: Falling Crypto Market Hurts GameStop NFT Business

12/28 18:17

The fall in the crypto market has hurt GameStop and Coinbase's NFT business, with both GameStop and Coinbase's NFT trading volumes slowing sharply, with Coinbase's NFT business having the bigger impact, according to Bloomberg disclosures. The data shows that the Coinbase NFT marketplace has traded just 4,380 ETH since its launch in April, with a total value of less than $8 million, with just over 16,000 users and only around 50,000 transactions facilitated to date. However, the more specialised NFT market has performed more steadily, with OpenSea trading at over $9 billion and nearly 1.5 million new users in the same period.
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