15/07/2022 GameStop’s Ethereum NFT Sales Dwarf Coinbase NFT in Two Days

The two-day-old platform, still in beta, moved well over 3,000 ETH. That's minuscule compared to OpenSea, but it beats Coinbase NFT.

Image: Shutterstock
Image: Shutterstock

GameStop’s new Ethereum-based NFT marketplace has been live in beta for a little over 48 hours. It isn’t even offering gaming NFTs yet, which will bethe marketplace’s planned core offering.

Even so, the video game retailer’s new platform has already seen nearly twice the all-time trading volume of Coinbase’s NFT marketplace, which has been open since May.

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Since Monday’s launch, GameStop NFT has seen at least 3,167 ETH in trading volume, according to data published on the marketplace website. That figure, equalling almost $3.5 million, represents the trading volume for the marketplace’s top 50 collections, the only data publicly available, which means GameStop’s total trading volume marketplace-wide is likely higher.

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In contrast, since itslackluster launch, Coinbase’s NFT marketplace has generated a total of 1,704 ETH in trading volume, or roughly $1.8 million, according to the latest data fromDune Analytics.

Of course, GameStop NFT’s early performance pales in comparison to that of leading NFT marketplaces like OpenSea, which did$16 million in trading volume on Wednesday alone.

But the fact that the video game retailer has so quickly eclipsed the all-time volume on a $12 billion Web3-native company like Coinbase in the NFT space is not insignificant.

Since launching the marketplace on Monday, GameStop stock (GME) has risen 10%, closing on Wednesday at $141.28. (The notorious meme stock is still down 26% over the past 12 months.)

'Bitcoin Billionaires' Author Ben Mezrich Talks Robinhood And GameStop

Ben Mezrich, author of "Accidental Billionaires" (which became the movie "The Social Network") and "Bitcoin Billionaires (about the Winklevoss brothers) talks to Decrypt Daily podcast host Matthew Diemer about his new book "The Antisocial Network" on Reddit traders and the GameStop short squeeze. To listen to the Decrypt Daily, head to https://decrypt.co/modal/podcast.

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NFTsare blockchain-based tokens that show ownership over digital or physical assets, and GameStop's NFTs are on the Ethereum blockchain. The company is taking a 2.25% commission on its NFT sales, so asArs Technicanotes, the actual revenue for GameStop thus far is small.

GameStop NFT currently offers only artwork NFTs, but intends to launch a suite of gaming NFTs, which can be used as interactive items within video games. In February, GameStoplaunched a $100 million token incentive fundwith Ethereum layer-2 scaling solutionImmutable Xto support development of NFT-compatible video games and products. The marketplace website notes that gaming NFTs on Immutable X are “coming soon,” and currently teases 13 NFT-compatible games that will have products available on the platform for purchase.

Coinbase’s NFT marketplace, meanwhile, has struggled mightily to attract business, aftergarnering 150 active users on its first day. The platform hasadded a number of new features to the site since launch, but those have largely failed to attract a sizable customer base.

In the time since GameStop NFT launched on Monday, for example, Coinbase NFThas processed $31,000 in sales: that’s less than 1% of GameStop NFT’s business.

Arts

https://decrypt.co/105069/gamestop-ethereum-nft-sales-dwarf-coinbase-nft

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The Dumpers
If Elon Musk, Vitalik Buterin, CZ and Xi Jinping had a band what would it be like? Inspired by the american rock band formed in Las Vegas in 2001 by Brandon Flowers and Dave Keuning "The Killers".
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The First KayPikeFashion Mint Ever. Ever feel so joyful and were grinning so hard you felt you could split in half? That punk rebel yell of glee when you pull of a particularly refined stunt? This is the paint of dreams, fangs and neon. Hellish and hard to pull off. I was able to with this work quietly paint a sweet inner tale of childhood influences, rat fink and autobody shops. All while pretending to paint gwenom for the audience. More on that in bonus material. This is my alternate animation made specifically for crypto art collectors. It will only ever exist in this format. You get the Shiny, unused in media verified image. More on that in the bonus material. Mixed Media: Bio/Digital. Glycerin on 5'9" human skin 10-14 hours Performance art. Shot on Canon EOS RP. 16 + hours Photoshop and DaVinci Resolve. All Works are SFW. Art has been Seen on the front page of Reddit, Featured in the New York Times, Galileo.tv, and multiple other promotions including Twitch.tv, Disney Interactive, RIOT games, WB games, AMD and more! More on how this art is unique and potentially explosive in the NFT world: https://youtu.be/CXbNF2Y6srs ------------------------- The purchase of this NFT Grants the buyer unique bonus material. Physical Mail Bonus Package: A verified physical Art Print. Autographed from the artist in 12x16. Please allow a few weeks for delivery. Digital Bonus Package: This image in .mp4. An "About the Art" Video and an "From the Artist" introduction. A README.txt about the artwork with some personal notes and Links relevant to the artwork.
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#XCOPY #GIF #screen #time #mirror
Who Is The Creator 2
The idea for this piece was borne out of a tweet of mine that caused a bit of a stir. I’d posted a link to a blog article I’d written a number of months previous titled ‘Who is the Creator’ discussing various types of creative collaborations and why I hire people to work on my animations. It generated a lot of debate around creation and attribution with the community split on whether it’s right or wrong for an artist to hire other professionals to help them realize their art projects. I decided to push the boundaries even further and see how the cryptoart community responded. What if I quite literally had nothing to do with the physical or digital elements of the work other than coming up with the concept and coordinating it? I decided there was one artist in the space who could add huge value to this idea on levels that none other could and so I gathered my courage and contacted the great José Delbo to ask him if he’d be interested in a very unique collaboration. I explained to him that to make this piece ‘work’ he couldn't have any say in what I produced and moreover, he wouldn’t even be allowed to see the animation until it was dropped on MakersPlace. To my surprise, Mr Delbo agreed to my proposal. The animation tells the story of the creative process, which includes my roles as writer, director, and producer working with a team and making edits and changes ‘in real time’. The dialogue between myself and my ‘hired guns’ plays out in front of the viewer. The music written for the piece adds to the nostalgia of the comic book superhero theme but other elements such as the snapping and kicking of the pencil and the signing of my signature at the bottom incorporates further layers and challenges the viewer to ask important questions, such as, is the ‘Art’ the final animation (the creation) or is the ‘Art’ the concept/credit for the creation itself?