GameStop NFT's daily revenue drops below $4,000

The platform charges just a 2.25% commission on NFT sales, which equates to revenue of only $3,753. This indicates a strong decline in community interest in GameStop NFT.

The latest figures we know from DappRadar mark a significant drop from the project's first working day on July 13, at which time NFT sales were believed to be $1.98m, equivalent to around $44,500 in revenue.

GameStop isn't the only part of the NFT world currently struggling. According to the NFT Price Floor, the price of the Bored Ape Yacht Club (BAYC) Floor has fallen 19% since the start of August to 68.48 ETH or $109,900 as of 22 August, while the price of the Mutant Ape Yacht Club (MAYC) Floor has dropped 28.6% to 11.2 ETH or $17,986.

So far this month, the floor price for other leading NFT projects such as CryptoPunks has also fallen significantly. Despite a sharp rise from 68.3 ETH on August 1 to 77.4 ETH on August 4, CryptoPunk's minimum price has since fallen to 66.45 ETH, or $106,518.