American electronics retailer GameStop has taken a step into the world of cryptocurrency and unveiled a proprietary blockchain wallet that will feature non-fungible token functionality.
GameStop Wallet will allow players to purchase, send and store Ether (ETH), ERC-20 tokens and NFTs through a self-custodial browser extension running on the Ethereum blockchain. The mobile app is also in the works.
This is official! Gamestop Wallet is here.
– GameStopNFT (ameGameStopNFT) May 23, 2022
This wallet will run on Ethereum’s Looping Layer 2 scalability protocol, designed for decentralized exchanges, with high throughput, low cost trading and payment capabilities.
Users will be able to download and install Wallet extensions through the Chrome Web Store. Similar to MetaMask’s Chrome expansion, Gamestop Wallet will integrate with its upcoming NFT marketplace, which will launch in the second quarter of the company’s fiscal year.
GameStop announced a partnership with ImmutableX in February 2022, benefiting Ethereum NFT Scaling Platform to develop a custom NFT marketplace for the renowned real-world video game retailer.
An announcement earlier this year stated that the market would be 100% carbon neutral and no gas charges. To attract potential creators and developers of NFT content, the two companies have also committed to a कार्यक्रमा 100 million grant program, which will be paid for in IMX tokens.
Gamestop’s NFT Move has been in operation since May 2020, when the company applied for software engineers who specialize in Solidarity, React and Python to sign up for their team. The beta version of Gamestop NFT Marketplace with looping technology was announced in March 2022 by the Layer 2 scalability protocol.
Non-custodial multi-chain cryptocurrency wallets are becoming an important focal point for companies looking to keep strong roots as Web3 grows. Coinbase, the leading US cryptocurrency exchange, integrated Web3 app functionality with wallets and browsers for a select group of its mobile app customers in May 2022. This will include tokens and access to popular decentralized exchanges such as NFT Market, Currency Swap, Uniswap and OpenSea. Decentralized Financial Debt Protocol.
Coinbase is not the only exchange looking to improve its offering, as Robinhood, a commission-free trading platform, promotes the upcoming non-custodial cryptocurrency wallet with access to multiple blockchains. Wallet storage and NFT will also allow access to the market.
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