GameStop Corp. today 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 company said in a press release.
The electronics retail firm added, “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.”
The Wall Street Journal reported that GameStop has joined forces with Immutable X for its NFT marketplace that will be built on the Ethereum blockchain. The marketplace will be environment-friendly with 100% carbon-neutral and no gas fees.
It was mentioned that with the news of the new digital wallet, shares of the company also surged by more than two percent, which is at $98.21 in the pre-market trading. Meanwhile, the new GameStop NFT wallet will also run Ethereum’s Loopring layer-2 scaling protocol that was specifically designed for decentralized exchanges. This platform boasts of low-cost trading and payment capability but high throughput.