GameStop Launches Crypto Wallet b285u NFT Marketplace Integration to Come Soon

The wallet extension will also enable transactions through GameStop's NFT marketplace. 4h5q54

By Shomik Sen Bhattacharjee | Updated: 24 May 2022 14:22 IST

GameStop Launches Crypto Wallet, NFT Marketplace Integration to Come Soon

Photo Credit: Reuters 3v6d2p

GameStop has launched an Ethereum-powered self-custodial wallet

Highlights

GameStop is one of the world's largest video game retailers
The wallet is non-custodial, and is compatible with hardware wallets
GameStop's NFT marketplace is set to launch in Q2 2022

ment

Video game retailer GameStop announced on Monday that it has launched a crypto and non-fungible token (NFT) wallet, as it prepares for a push into the world of digital assets. The self-custodial Ethereum wallet will allow gamers and others to store, send, receive, and use cryptocurrencies and NFTs across decentralised apps (dApps) without having to leave their web browsers. Available via the Chrome web store, it will also enable transactions on GameStop's NFT marketplace, which is expected to launch in the second quarter of the company's fiscal year, which begins in July.

The wallet leverages Loopring's ZK-rollup technology, an Ethereum layer-2 scaling protocol for cheaper and faster transactions. Though the wallet is non-custodial, it does track certain information, including IP address, GPS coordinates, and information near to the 's device, according to their .

Securely store, send & use ETH, NFTs & ERC20 tokens with GameStop's self custodial Ethereum Wallet.
— GameStop (@GameStop) May 23, 2022

"It also monitors the 's network, clicks, mouse position and keystroke logging" reads the .

Let's talk about wallet safety:
GameStop employees will NEVER ask for your Secret Recovery Phrase or ask you to send us funds. We will only ever conduct GameStop Wallet via our official GameStop Blockchain Helpdesk: https://t.co/5xP1vwgCVP. ????️‍♀️
— GameStop (@GameStop) May 23, 2022

s can access the wallet via a 12-word secret recovery phrase. GameStop emphasises that customers should write the phrase down, warning they will be unable to access the wallet without it. "This is a beta launch," GameStop added. "Please use responsibly, and do not add more funds than you are comfortable with."

In of functionality, the Gamestop's wallet is similar to Metamask and provides the with a desktop version of the software. While the company worked with Loopring on the wallet's technology, the NFT marketplace will use Immutable X technology. Gamestop NFT content creators and developers. The announcement earlier this year also claimed that the marketplace would be 100 percent carbon-neutral, with no gas fees.

Non-custodial, multichain cryptocurrency wallets are proving to be a major focal point for firms looking to establish firm roots in the Web 3 world. Major US-based cryptocurrency exchange Coinbase also promoted an non-custodial wallet with multi-chain interoperability.

Should you pick Vivo over Galaxy S22 and OnePlus 10 Pro? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

links may be automatically generated - see our ethics statement for details.

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.