The video game retailer of meme-stock fame will let its customers fully own their digital assets.
GameStop announced Monday that its non-custodial, browser-based cryptocurrency wallet is now available. The GameStop Wallet is currently in Beta and works with the Ethereum (ETH) network and uses Loopring Layer 2 technology to facilitate transactions. The company also announced that its NFT marketplace will be launching sometime during the second quarter of this year. GameStop’s second quarter is set to end on June 31, 2022. With the GameStop Wallet, users will be able to have full control over their digital assets. Using the wallet, they can store, send, swap, and receive NFTs and cryptocurrency. The GameStop Wallet will also work seamlessly with GameStop’s upcoming NFT marketplace when it releases. A non-custodial wallet means users are given their own unique, 64-digit key to access the wallet. Custodial wallets are wallets in which a third party holds the key for the wallet’s owner. Also: Robinhood’s non-custodial, no-fee crypto wallet will store all your digital assets
The GameStop Wallet can be downloaded as an extension with Google Chrome or the Brave browser. According to the wallet’s website, the wallet will also be available to use with iPhones. The wallet will operate similarly to MetaMask, and users can migrate their MetaMask wallet to their GameStop wallet. And despite being a hot wallet – a digital-only offering through a browser or on mobile – it is compatible with cold wallets, or physical hardware that must be plugged into a computer and accessed with a PIN.
