GameStop Launches Digital Wallet for Cryptocurrencies and NFTs

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Image: Gamestop

GameStop has officially entered the NFT and crypto space with the launch of its first digital asset wallet, a new option for Chrome and mobile devices that joins Exodus, MetaMask, and the countless alternatives that are already out there for traders and investors who have declined upgrading to a more secure hardware solution. The retailer’s wallet is powered by a self-custodial model, allowing users to access their assets with their own private key, and it also utilizes Loopring Layer 2 for faster transactions and less terrible gas fees—one of the Ethereum network’s biggest drawbacks. GameStop revealed in February that it would be partnering with Australian blockchain startup Immutable X to launch an NFT marketplace, noting that the platform would be available during the second quarter of this year.

GameStop announced it has launched its digital asset wallet to allow gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens (“NFTs”) across decentralized apps without having to leave their web browsers. The GameStop Wallet is a self-custodial Ethereum wallet. The wallet extension, which can be downloaded from the Chrome Web Store, will also enable transactions on GameStop’s NFT marketplace, which is expected to launch in the second quarter of the Company’s fiscal year. Learn more about GameStop’s wallet by visiting https://wallet.gamestop.com.

Source: BusinessWire (via IGN)

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Tsing Mui
News poster at The FPS Review.

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