A few months ago, the US-based game retailer GameStop announced that it would enter the NFT and crypto money business. According to the statement released by GameStop at the time, a unit would be established for cryptocurrencies and NFTs. As you know, GameStop’s shares skyrocketed last year thanks to a ‘meme’ spread on Reddit.
This is one of the reasons why the company wanted to enter the cryptocurrency and NFT market, and even after its announcement, GameStop shares rose again. Starting today, GameStop’s wallet for cryptocurrencies and NFTs is officially released.
GameStop has released a beta version of its Ethereum wallet
GameStop allows users to host, send and purchase both cryptocurrency and NFTs via their web browser. has released a beta version of its own Ethereum-based wallet that will allow The wallet is currently available as an extension for Google Chrome and Brave, there is even an iPhone app, but it is not available in our country.
GameStop’s wallet is not under surveillance, meaning users can access their assets via a private key known only to them. While this makes it difficult for hackers to access the wallet, it also means that if the wallet owner forgets his key, they can lose all their assets.
GameStop’s wallet uses Loopring to process transactions, a ‘Layer 2’ method built on top of the Ethereum blockchain, which reduces power costs. Along with the launch of the GameStop wallet, the firm has announced that the NFT market will also be available in the second quarter of this year. What are you thinking? Please do not forget to share your thoughts with us in the comments.
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