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Aqua Shutters Gaming NFT Marketplace Amid Slower-Than-Expected Growth

Aqua, a gaming NFT marketplace, has officially closed its doors due to the Web3 gaming market not scaling to a mass market size in a time frame that made sense. CEO Sean Ryan stated that while Aqua did some things well, it struggled to raise funds in a broader crypto gaming market with slower-than-expected growth. Ryan still believes that gamers will own their gaming assets, but it will take longer than expected. Aqua aimed to offer a gaming NFT marketplace and more white-glove, embedded marketplace solutions for game developers, but faced competition from other gaming NFT platforms such as G2A, OpenSea, and Magic Eden.

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