GameStop, a retailer of video games, announced today that it has launched its cryptocurrency and non-fungible token (NFT) wallet. This is GameStop’s first venture into the world digital assets.
GameStop announced in a press release that it is an Ethereum wallet that can be used by gamers without having to leave their web browsers.
The company noted that the web browser extension to the wallet can be downloaded from the Chrome Web Store.
It’s official! The GameStop Wallet has arrived.
— GameStop (@GameStop) May 23, 2022
The newly launched digital asset wallet will also allow transactions on the GameStop NFT marketplace; however, this is expected to launch in the second quarter (Q2) of the GameStop fiscal year which will be in early July.
GameStop is a popular choice
GameStop’s popularity grew during the pandemic as an outstanding meme stock and earlier this year, in January, it partnered with immutable X to create the NFT marketplace. Immutable X, an Ethereum Layer 2 for NFTs created with StarkWare’s ZK-rollup technology, helps to lower gas fees as well as increase scalability.
Digital Worlds will give approximately $100 million in IMX tokens and $150 million to GameStop to NFT developers, according to the terms of the agreement.