Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech

2 years ago

Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech

This week, the user electronics and gaming bundle retailer, Gamestop, has officially revealed the company’s self-custodial, Web3 ethereum wallet. The wallet is presently successful beta signifier and present disposable via the firm’s web portal, successful bid to supply users with a wallet that stores crypto assets and non-fungible tokens (NFTs). Furthermore, the wallet utilizes Loopring’s furniture 2 (L2) ZK-rollup exertion to supply users with “fast [and] reasonably priced transactions.”

Gamestop Wants to Bring Power to Players via the Company’s Self-Custodial Ethereum Wallet

For rather immoderate clip now, it’s been good known that Gamestop was getting into the NFT space and that the gaming bundle retailer planned connected releasing an NFT marketplace. At the extremity of March 2022, Gamestop explained it had partnered with the Ethereum L2 scaling task Loopring, and noted the institution would leverage Loopring’s ZK-rollups.

Now Gamestop has unveiled its non-custodial, Web3 ethereum wallet that uses the ZK-rollup tech for cheaper transactions. The wallet volition let gamers to store in-game NFTs, but it besides holds Ethereum-based crypto assets arsenic well. Gamestop plans to motorboat the company’s NFT marketplace successful July and aims to springiness “power to the players.”

Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech

“Gamestop Wallet is simply a elemental and unafraid mode to get started with Web3. Use your GameStop Wallet to buy, hold, swap, display, and utilize Ethereum-based assets,” the wallet’s statement says. Gamestop Wallet is simply a self-custodial ethereum wallet, meaning you are ever successful afloat power of your wallet and assets.” Gamestop’s wallet summary further notes:

Harnessing the powerfulness of Loopring’s ZK-rollup [tech] — an Ethereum Layer 2 scaling protocol – Gamestop gives you low-cost and accelerated transactions, with Ethereum security, opportunity, and planetary reach. This allows you to trim state fees and web congestion, portion ever remaining successful power of your funds.

Gamestop’s wallet is akin to Metamask and provides the idiosyncratic with a desktop mentation of the software. While the institution worked with Loopring connected the wallet’s technology, the NFT marketplace volition usage Immutable X technology. Gamestop partnered with Immutable X connected February 3, 2021, and launched a $100 cardinal NFT fund.

Additionally, the wallet’s privacy policy explains that the bundle does show the user’s data. Data collected includes “contact and illustration information, show names, email address, illustration biography, Ethereum nationalist code details, and Twitter and Reddit usernames.” An iOS mentation of Gamestop’s wallet is “coming soon,” according to the website.

What bash you deliberation astir Gamestop’s ethereum wallet? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Jamie Redman

Jamie Redman is the News Lead astatine Bitcoin.com News and a fiscal tech writer surviving successful Florida. Redman has been an progressive subordinate of the cryptocurrency assemblage since 2011. He has a passionateness for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written much than 5,000 articles for Bitcoin.com News astir the disruptive protocols emerging today.

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