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GameStop launches crypto wallet on Ethereum (ETH)

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Video game company GameStop announced today in a release to the press that it launched the beta version of a non-custodial wallet to allow “gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens” across the decentralized world. applications on Ethereum.

Wallet is a browser extension available for download from website from the retailer. It arrives ahead of GameStop's NFT marketplace launch scheduled for Q2022 2. The Marketplace will launch in partnership with Immutable X, an NFT-focused Layer XNUMX scaling solution for Ethereum that supports both high-speed and low-speed blockchain transactions. cost.

GameStop became the world's first "meme stock" in early 2021 due to a large group of poorly organized retail investors who raised the stock price from around $18 to an all-time high of $325 to Wall Street hedge funds. The events, which started on the /r/WallStreetBets subreddit, made headlines around the world and caused chaos in the markets as traders turned to AMC and other stocks. Using the new capital and revived popularity to transform its business, GameStop has since taken steps to adopt NFTs, launching a dedicated division to develop an NFT marketplace for gamers.

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GameStop hopes that the launch of the new Ethereum wallet will help the company grow its customer base and attract them to its own ecosystem of Web3 applications.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
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