GameStop Kick-Starts Its Crypto Wallet on the Ethereum Blockchain

Share This Post

Earlier this week, GameStop launched the beta version of its cryptocurrency wallet on the Ethereum blockchain.

The video games retailer joined forces with Immutable X to develop the new cryptocurrency marketplace, boasting cheap gas fees and using little blockchain energy.

How to Launch the Beta

To launch the beta, users must download the wallet from the Chrome Web Store, using either a Chrome or Brave browser extension.

Users can trade, buy and store cryptocurrencies across various decentralized applications following the download, providing Chrome or Brave tabs are running.

Key Features

GameStop’s wallet is non-custodial, so users have complete control of the digital goods they store on it. In addition, no third parties have access to the wallets, only those in possession of the account’s private key.

The wallet allows users to consolidate and store NFTs into one digital location. However, if extra cautious of security issues when trading and buying cryptocurrencies, users have the option to secure their wallets by offloading content into a third-party source.

Note: Users will lose access to the digital assets held on the platforms if losing the private key. 

Switching From Web2 to Web3

GameStop’s announcement follows other traditional businesses digging into the Web3 space. For example, more Web2 institutions, like Instagram and eBay, are buying into the NFT craze— either releasing collections of their own or integrating NFTs into their projects.

The creators of Assasin’s Creed, Ubisoft, and the publisher of Tomb Raider, Square Enix, are also creating cryptocurrency platforms.

Staying ahead of the game, GameStop is working towards creating a mobile version for its wallet, alongside an iPhone app.

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT drops, releases, reviews, and more. 


Related Posts

World Cup Legend Sir Geoff Hurst Releases NFTs For Alzheimer’s Research

The debut NFT collection, 'The Everlasting Memory' by World...

Stripe Launches Fiat-to-Crypto Payment Service for Web3 Companies

Stripe, a payment processing business, unveiled a "fiat-to-crypto on-ramp"...

Top NFT Analytics Tools to Use in 2023

Non-fungible tokens (NFTs) are gaining popularity as a way...

What is USDTe? A Full Guide to Avalanche Tether

USDTe is a stablecoin on the Avalanche blockchain that...

Did SBF Doom NFTs? FTX Aftermath – What’s Next

Many Web3 companies view the FTX aftermath as a...

Top NFT Podcasts for 2023 | Best Listens

For some, a good podcast can be highly entertaining...

Related Posts

Mattel Launches an NFT Marketplace With Hot Wheels Collection

Mattel announced a new NFT marketplace as it expanded...

Porsche Makes Its Web3 Debut With Its First NFT Collection

The luxury sports car manufacturer announced its official entry...

Yuga Labs’ Leaked Financials Show Insane Profits

Leaked data shows that Yuga Labs has sold more...

What You Need to Know About This NFT Market Crash

NFTs have already changed the world. Now it's time...

What is USDTe? A Full Guide to Avalanche Tether

USDTe is a stablecoin on the Avalanche blockchain that...

Binance Football Fever 2022 Offers Fans $1 Million in Rewards

Binance brings "Binance Football Fever 2022," a one-of-a-kind football...