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GameStop has just created a wallet for crypto and NFTs

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Earlier today, video game retailer GameStop launched a beta version of its own Ethereum Wallet. Users interested in participating in the beta can download the wallet from the Chrome Web Store, to use as a Chrome or Brave browser extension.

After downloading, users will be able to securely store and use cryptocurrencies across a wide range of decentralized applications without leaving their Chrome tab. According to its website, mobile versions of Gamestop Wallet will be available in the future.

Gamestop

Another key feature of GameStop’s wallet is that it is non-custodial, meaning users will have complete control over any digital product they store. No paid third party user will have access to the wallet, only the possession of the personal key. Users interested in making their wallets more secure can do so by offloading their contents to a compatible third-party hardware wallet.

More importantly, the wallet will allow users to store and integrate their NFTs into a digital location. The game retailer lined up earlier this year with an announcement that its planned gaming-themed NFT marketplace would be released in late Q1 or early Q2.

At the same time, there is a clear desire to double down from Gamestop to firmly take root in Web3 while the iron is hot – a strategy that the company’s superiors expect to compensate for the growing loss of more gamers over the years. Chose to buy their games digitally. The announcement further shows that the retailer’s relatively-new NFT segment has made steady progress since it was first released earlier this year.

GameStop’s announcement highlights their claim to the Web3 space and falls into the broader overall trend of more traditional businesses. For example, Web 2 organizations like eBay and Instagram have gained NFT frenzy by integrating NFT on their sites or publishing their own collections.



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