GameStop Has Launched Its Own Cryptocurrency Wallet
As it prepares for a push into the realm of digital assets, video game retailer GameStop revealed on Monday that it has established a crypto and non-fungible token (NFT) wallet.
Gamers and others will be able to store, transmit, receive, and use bitcoins and NFTs across decentralized apps using the self-custodial ethereum wallet, the company said in a press release.
It will also enable transactions on GameStop’s NFT marketplace
In January of this year, the company joined with Immutable X to expand the NFT marketplace, which rose to prominence during the pandemic as a noteworthy meme stock. According to the terms of the partnership, Digital Worlds aims to give NFT developers up to $100 million in IMX tokens and GameStop itself up to $150 million if it hits certain objectives.
Immutable X is a Layer 2 Ethereum network for NFTs based on StarkWare’s ZK-rollup technology, which promises better scalability and decreased gas fees.
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