There’s no question that GameStop’s business venture into NFTs and cryptocurrency has been the subject of much criticism. The announcement sure didn’t have a warm reception, and it looks like public perception isn’t improving.
A post on r/wallstreetbets, a subreddit devoted to tracking financial investments and trends, notes that on July 30, 2022, GameStop’s NFT marketplace had its worst day thus far. At one point, the controversial storefront was making approximately $13.40 an hour. Conversely, the highest revenue point came in at around $475.41, which is obviously better but still relatively poor all around. For the whole weekend, total profits came in at roughly $4696.41.
