22/07/2022 GameStop’s NFT Marketplace Opening Week Sales Eclipse Coinbase Volume

The video-game retailer's marketplace opened to $7.2 million in weekly sales volume, with the MetaBoy collection being the top seller so far.

The video-game retailer's marketplace opened to $7.2 million in weekly sales volume, with the MetaBoy collection being the top seller so far.

CoinDesk - Unknown

Video-game retailer GameStop’s non-fungible token (NFT) marketplace is proving to be an early hit among JPEG collectors, doing over 5,000 ETH (around $7.2 million) in trading volume since its launch on July 11, more than doubling competitor Coinbase’s all-time NFT volume, according todatacompiled by CoinDesk.

Of that early success, sales volume of 1,200 ETH (around $1.7 million) has been from the project MetaBoy, the marketplace’s top collection since the launch. On its opening day, the marketplace had trading volume of 1,831 ETH (around $2.7 million), with daily sales steadily declining since then.

The competing product from crypto exchange Coinbase has done just 1,913 ETH (around $2.8 million) in sales since its public launch on May 4, according to data from Dune Analytics.

The Coinbase NFT woes began early on its life cycle, with volume data from even its private beta proving underwhelming. The Coinbase marketplace failures have also been the subject of scrutiny after the company laid off over 1,100 employees in June.

The popularity of GameStop’s NFT shop can likely be attributed more to the brand’s loyal following than the marketplace’s technology. Sentiment around the marketplace on NFT Twitter has largely been positive, while Coinbase and its largercompany imagehas trended in the opposite direction.

Furthermore, GameStop’s success comes despite its 2.25% marketplace fee, while Coinbase continues to offer zero-fee trading to attract new users.

The marketplace isn’t the only Web3 product that GameStop has rolled out in recent months. In May, GameStop launched its own crypto and NFT dedicated wallet, which briefly pumped its stock price. The company is also sitting on a$100 million gaming fundit announced in partnership with Immutable X, which it tapped for the marketplace’s back end, in February.

Both marketplaces remain a good distance away from the industry leading platform OpenSea, which saw $120 million in ETH sales in the past week, according to data from DappRadar.
Arts

https://www.coindesk.com/business/2022/07/19/gamestops-nft-marketplace-opening-week-sales-eclipses-coinbase-volume/

Interesting NFTs
Auto-Erotic Sphinx with Toys
In this image, a giant sphinx spoons itself in erotic play within an aquatic styled environment littered by various denizens. These creatures include symbols and archetypes both current and nostalgic–each inhabiting a rootedness within mass cultural adolescence. Among the roster are Servbots, video game inspired mushrooms, a Pacman-like creature, a distant sea faring rubber duck, creatures sporting the symbols reminiscent of popular anime, and a Pokemon-like rabbit (a novel incarnation of Ganesha indicated by the Shiva trident on its nose). In addition, a few sea creatures partly inspired by sea monsters of western antiquity conglomerate along the mid left side of the composition. The Sphinx itself is an amalgam of aquatic, fetishist, ancient Egyptian, and 80’s style adornments, both living, as in a clown fish, or material, such as a cassette tape. Nautically colored antennae receive somatic signals from the atmosphere, perhaps from the 8 Ball moon or giant ringed planet beyond.
Pfötchen
*waves*! I'm Pfötchen. I'm a Ventriloquist by day, and I like running a podcast by night. I am 42% fairy, 48% Dogwalker, and otherwise bad at math. I hope we can be pawmates.
Portrait of the Artist in Digital Decay
Self Portrait taken in the East Village, January 2019. Stereoscopic Effect created with Facebook 3D photo, "painted" with neural imaging, then digitally pixelsorted. Single Edition Hi Res GIF Token by Sarah Zucker.
CryptoPunk 5577
By C352B5
Poem by Motoyoshi Shinno, from the series One Hundred Poems by One Hundred Poets, Explained by the Nurse
Katsushika Hokusai (1760-1849) Poem by Motoyoshi Shinno, from the series One Hundred Poems by One Hundred Poets, Explained by the Nurse late 1830s - Japan