GameStop announces the launch of an NFT and cryptocurrency wallet

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GameStop has announced the launch of a MetaMask-like cryptocurrency and NFT wallet. 

GameStop Corp. is an American retailer of video games, consumer electronics, and gaming merchandise.

After its decline during the mid-late 2010s, GameStop became newly popular in January 2021. The company gained significant attention from media and Reddit users due to the volatility of its stocks.

GameStop first announced its Web3 expansion plans on May 26, 2021. 

On May 23, 2022, the company shared that it launched a self-custodial wallet based on Ethereum Layer 2. This technology is cheaper and more efficient than Layer 1. Although, it is as secure as the Ethereum mainnet. 

The wallet will allow gamers and users to send, receive, and use NFTs and cryptocurrencies across decentralized applications. Individuals will not have to leave their web browsers in order to make transactions. 

The wallet will also enable transactions on the GameStop NFT marketplace, which is due by the end of July.  

The GameStop Wallet will apparently also track some of user information, including IP address, GPS coordinates, network, clicks, mouse position, and keystroke logging. 

The beta version of the GameStop wallet is already available on the Company’s website. The wallet extension can be downloaded from the Chrome Web Store.

Photo by M. Dean on Unsplash

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Valeria Goncharenko

Valeria is an Italy-based writer passionate about Web3 and innovation. She is getting her second Major in International Business Management while dedicating her spare time to photography and fashion.

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