GameStop has taken a step in unveiling a exclusive blockchain wallet that will feature NFT functionality.
The GameStop Wallet will enable gamers to obtain, send and store ETH, ERC-20 tokens and NFTs through a self-custodial browser extension running on the Ethereum blockchain.
The wallet will run on Ethereum’s Loopring layer-2 scaling protocol designed for decentralized exchanges, which claims of a high throughput, low-cost trading and payment capability.
Users will be able to download and install the wallet extension through the Chrome Web Store. GameStop Wallet will integrate with its upcoming NFT marketplace, which is scheduled for launch in the second quarter of the firm’s financial year.
GameStop publicized its partnership with ImmutableX , with the Ethereum NFT scaling platform tapped to develop the renowned brick-and-mortar video game retailer’s custom NFT marketplace.
The announcement earlier this year claimed that the marketplace would be 100% carbon-neutral, with no gas fees. The two companies also committed to a $100 million grant program, to be paid in IMX tokens, in order to attract prospective NFT content creators and developers.
Multichain cryptocurrency wallets are demonstrating to be a crucial point for firms seeking to establish it as Web3 continues to grow Coinbase alsorecently integrated Web3 application functionality with a wallet and browser for a select group of its mobile app clients.
