GameStop Launches Self Custodial Ethereum Wallet

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American gaming powerhouse Gamestop announced this morning the launch of its digital asset wallet. The digital asset wallet will allow gamers and others to store, send, receive and use NFTs across several Decentralized apps (Dapps). And they can do this without having to leave their web browsers.

A Self Custodial Ethereum Wallet for the coming GameStop NFT marketplace

According to the press release video game retail giant, the wallet is a self-custodial Ethereum wallet. And it is downloadable from the chrome web browser. The wallet will also permit transactions on the coming Gamestop NFT marketplace.

The video game retail giant also plans to launch its NFT marketplace as part of its wider foray into web 3. And this is expected to launch by the second quarter of Gammestop’s fiscal year.

Features of the Gamestop NFT wallet

The wallet which has both the web browser version for PC and iOS version for iphone users has the following characteristics:

  • You can store both crypto and NFTs securely with the wallet.
  • The wallet utilizes decentralized apps on the Ethereum network
  • It offers high speed and fairly low fees. to achieve this, the wallet leverages on the power of layer 2 tech Loopring.
  • It is self-custodial and gives the users full control of their assets.

Gamestop to Launch beta version of NFT Marketplace

Gamestop also announced the launch of the beta version of its NFT marketplace that will be using the Loopspring L2. The integration of the layer 2 protocol is part of the NFT marketplace’s plan to become the destinaion for new global digital economies.

As part of this move, Gamestop is also doling out a whopping $100 million. This is to fund game developers who use the marketplace.

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