Welcome back to Chain Reaction.
Last week, we looked at web3 without web2’s winners. This week, we’re looking at a crossover episode for meme investing.
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power to the pumpers
A weekly dispatch from the desk of TechCrunch crypto editor Lucas Matney:
What happens when a meme stock and a meme asset class collide? Well, investors in each hope that the result is a tidal wave of very real money.
This week, GameStop launched an NFT marketplace. The reception wasn’t particularly overwhelming, the marketplace reportedly raked in about $2 million in sales volume which equates to less than $50k in transaction fee revenue on the first day. Daily volumes have trended downward in subsequent days but it’s far from an embarrassing launch, especially when one considers the failure …
