GameStop unveils beta cryptocurrency wallet and upcoming NFT platform

American electronics retail steadfast GameStop has taken a measurement into the satellite of cryptocurrencies, unveiling a proprietary blockchain wallet that volition diagnostic nonfungible token functionality.

The GameStop Wallet volition let gamers to acquire, nonstop and store Ether (ETH), ERC-20 tokens and NFTs done a self-custodial browser hold moving connected the Ethereum blockchain. A mobile exertion is besides successful the works.

The wallet volition tally connected Ethereum’s Loopring layer-2 scaling protocol designed for decentralized exchanges, which boasts of precocious throughput, low-cost trading and outgo capability.

Users volition beryllium capable to download and instal the wallet hold done the Chrome Web Store. Much similar MetaMask’s Chrome extension, GameStop Wallet volition integrate with its upcoming NFT marketplace, which is scheduled for motorboat successful the 2nd 4th of the firm’s fiscal year.

GameStop announced a concern with ImmutableX successful February 2022, with the Ethereum NFT scaling level tapped to make the renowned brick-and-mortar video crippled retailer’s customized NFT marketplace.

Related: GameStop looks toward NFT marketplace motorboat aft large Q4 loss

The announcement earlier this twelvemonth claimed that the marketplace would beryllium 100% carbon-neutral, with nary state fees. The 2 companies besides committed to a $100 cardinal assistance program, to beryllium paid successful IMX tokens, successful bid to pull prospective NFT contented creators and developers.

GameStop’s NFT determination has been a enactment successful advancement since May 2020, erstwhile the steadfast made archetypal calls for bundle engineers specializing successful Solidity, React and Python to use to articulation its team. A beta mentation of the Loopring-powered GameStop NFT marketplace was announced by the layer-2 scaling protocol successful March 2022.

Noncustodial, multichain cryptocurrency wallets are proving to beryllium a large focal constituent for firms looking to found steadfast roots arsenic Web3 continues to grow. Major United States cryptocurrency speech Coinbase integrated Web3 exertion functionality with a wallet and browser for a prime radical of its mobile app clients successful May 2022. This volition incorporated trading connected NFT marketplaces, token swaps connected fashionable Ethereum-based decentralized exchanges similar Uniswap and OpenSea, and entree to decentralized concern lending protocols.

Coinbase isn’t the lone speech looking to amended its offerings, arsenic commission-free trading level Robinhood has promoted an upcoming noncustodial cryptocurrency wallet with multipleblockchain accessibility. The wallet volition besides let retention and entree to NFT marketplaces.