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.
It’s official! The GameStop Wallet is here.
— GameStopNFT (@GameStopNFT) May 23, 2022
Download: https://t.co/dK2dmRmwRI
🧵👇
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)
Discussion (4 replies)
Join Discussion →Well, how GameStop somehow miraculously survived the pandemic Ill never understand but this will surely kill it off.
Yea it's an odd scramble being made to spend cash before it disappears.
It does seem like they are trying to fix the leak in the bucket by pouring in water faster
It's because their stock value was artificially boosted by reddit groups punishing people artificially shorting their stocks. I'm sure you're read up on it. Now they are seeing the tide wash out and want to use their increased value as fast as they can before the bottom drops out so they have some assets to flip when they need operating capital.