Monday, November 28, 2022

GameStop Launched Self Custodial Wallet For NFTs And Crypto

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GameStop launched self custodial wallets for NFTs and crypto and advanced its reach into the Web3 space with the launch of its new crypto wallet so let’s read more today in our latest cryptocurrency news.

The new wallet that Gamestop launched is a non-custodial one and allows users to connect to DEFI platforms from their web browsers. The company said the allowance will be provided by the digital asset wallet and will allow gamers and others to receive, store and use crypto and NFTs across the decentralized apps without having to leave the web browsers. The new wallet is based on the Ethereum blockchain and can be obtained by visiting the Chrome Web Browser to download it. Besides allowing users to connect with other mainstream marketplaces in the space, the GameStop wallet will allow seamless access to the company’s NFT marketplace.

The TExas-based company which is known for meme stock trading, charted a new path for itself to bring more value to the users and the company at large. The company’s stock surged in an unusual way back in January and revealed a grand entry into the world of NFTs and the crypto ecosystem. The company made a lot of strides in partnering with Web3 startups and helped achieve its goals like connecting with ImmutableX and going to pursue the world of digital currencies which haven’t tapered down in the past few months.

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Gamestop said its NFT market is out in Beta and revealed that it partnered with Loopring as an ETH-compatible ZkRollup protocol. The NFT market is now in line to be launched during the second quarter of the company’s financial year while scheduled to be in July this year. The overall push into the Web3 space is another testament to the growing embrace of the things around Crypto among other Wall Street Companies.

As recently reported, Gamestop added Loopring as another scaling partner alongside Immutable X and the Gamestop ETH NFT marketplace will support its layer-2 technology alongside Immutable X. The users can connect a wallet to the Beta version of the marketplace but the trading functionality is not live yet. The video game retailer is embracing the world of crypto as it pivots the business away from physical goods and its long-teased NFT marketplace is taking the final shapes. Today, the retailer launched a limited-functionality beta that is built on ETH’s scaling provider Loopring

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