• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Friday, July 18, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

GameStop NFT’s daily revenue plummets below $4k as the market places move in a gloomy path

by Nishant K
August 22, 2022
in Crypto, NFTs
Reading Time: 2 mins read
0
GameStop NFT marketplace's revenue dips

Credits: The Motley Fool

TwitterWhatsappLinkedin

GameStop NFT platform’s daily fee goes under $4000, as the NFT industry moves in gloomy direction

  • GameStop NFT platform’s fee falls below $4k
  • The comparison between GameStop and Open Sea
  • BendDAO’s Bored Ape move in danger zone
  • NFT industry moves into a gloomy space

 

You might also like

France’s New Bitcoin Mining Pilot: Turning Surplus Power into Profit

BlackRock Amplifies Bitcoin Holdings as ETF Inflows Surge

House Sets Record in Marathon Vote to Advance Crypto Bills

GameStop NFT platform’s fee falls below $4k

According to the development of reports, it is noted that, NFT marketplace, GameStop’s daily revenue fee has plummeted below $4k. Over the last 24 hours, GameStop NFT has achieved sales volume totaling over $166,800. With the platform only taking a 2.25 percent cut of NFT sales, that only amounts to $3,753 in earnings over that time period.

The issue for GameStop started quite early on the day, as the market seems to be gloomier than ever before. Not only GameStop, more or less every NFT market place, or company dealing with NFT is either loosing money or is liquidating the NFTs to save the value of other digital assets such as cryptocurrency.

Let’s do a comparison between Open Sea and GameStop, to understand how the value of the later has dipped

Open Sea Vs GameStop

According to the reports, the HyperViciouZ project, which is the top selling project of GameStop went on to generate a revenue of around $50k. When we compare these figures to the top selling project of Open Sea, we observe that, the value earned by Gamestop is almost three times less than that of Open Sea. Open Sea’s top selling project Pudgy Penguins made around $1.5 Million.

BendDAO’s Bored Ape NFTs move into danger zone

BendDAO's bored apes in danger zone
Credits: CNET

Out of the 272 Bored Ape NFTs the loan site has; it is estimated that 45 have already crossed into the “Danger Zone” based on reports from the platform. Danger Zone denotes the proximity of liquidation to the NFTs utilized as collateral. According to the reports, Bored Ape NFTs are expected to be liquidated for about $5 million.

 

NFT industry moves into a gloomy space

The NFT market space is moving into an unwanted gloomy direction. Major projects are flunking in the market, making it more difficult for the investors in the market. Both Bored Ape NFTs and Mutant Ape NFTs have moved into danger zones, ringing alarm bells in the market. Now, only time will tell, how long will the market be in the gloomy space before it gets back onto the track.

_____________________________________________________________________________________________________________

What do you think about GameStop’s position in the NFT industry? How do you see the progression of the market into duller space? Share your thoughts in the comment section below. Also incase you liked the article, then please share it with your family and friends.

 

Tags: #Crypto#mutant ApebitcoinBored ApeEthereumNFT
Tweet54SendShare15
Previous Post

How does a Demat Account Allow You To Earn Unlimited?

Next Post

How Fintech influenced the Online Casino

Nishant K

Recommended For You

France’s New Bitcoin Mining Pilot: Turning Surplus Power into Profit

by Anindya Paul
July 17, 2025
0
Bitcoin

French lawmakers have unveiled a bill (submitted on July 11, 2025) proposing a five year experimental program that would allow energy producers to redirect surplus electricity—particularly from nuclear and renewable...

Read more

BlackRock Amplifies Bitcoin Holdings as ETF Inflows Surge

by Anindya Paul
July 17, 2025
0
BlackRock

Asset management behemoth BlackRock continues its notable accumulation of Bitcoin, riding the wave of robust demand for its Bitcoin-backed ETF. Over the past month, the firm has made...

Read more

House Sets Record in Marathon Vote to Advance Crypto Bills

by Anindya Paul
July 17, 2025
0
House

In a historic move, the U.S. House of Representatives on July 16–17 broke records by holding its longest-ever vote—spanning nearly ten hours—to advance three major cryptocurrency bills. Amid...

Read more
Next Post
How Fintech influenced the Online Casino

How Fintech influenced the Online Casino

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?