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GameStop launches a wallet for crypto and NFTs

Mat Goldman by Mat Goldman
May 26, 2022
in Nft & Metaverse
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GameStop launches a wallet for crypto and NFTs
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One of many largest US laptop video games retailers GameStop strikes additional into Web3 introducing its non-custodial Ethereum pockets to the general public. The brand new pockets will enable crypto holders to retailer, ship, and obtain each currencies and NFTs and comes forwarded by its gaming NFT market launched in partnership with Loopring.

At the moment, you possibly can strive GameStop pockets within the type of Chrome and Courageous browser extensions. The corporate additionally plans to launch an iPhone-compatible crypto pockets within the close to future.

GameStop will not have entry to its customers’ non-custodial wallets, which implies that crypto holders solely bear full duty for his or her crypto property. Prefer it goes with many different wallets, if a novel seed phrase or personal secret’s forgotten, a consumer could lose entry to the pockets as soon as and for all.

Whereas most options of the brand new GameStop product can hardly be known as excellent, there’s nonetheless one, which makes it stand out from many others. Thus, Loopring’s zero-knowledge proof roll-up expertise permits ETH transactions with out excessive charges.

Though the corporate can have no entry to the customers’ wallets’ contents, it’s going to nonetheless accumulate and retailer some information, together with contact data, show names, profile biography, Ethereum public handle particulars, and Twitter or Reddit usernames.

For now, it is too early to guage whether or not GameStop’s Ethereum and NFT pockets will change into an equal competitor to market leaders resembling MetaMask. Let’s wait and see.



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