GameStop Launches NFT, Crypto Wallet

Dow Jones2022-05-23

GameStop Corp. said it launched a digital wallet for cryptocurrencies and non-fungible tokens.

The company said the move will allow gamers and others to store, send, receive and use cryptocurrencies and NFTs across decentralized apps without having to leave their web browsers.

GameStop described the wallet as a self-custodial Ethereum wallet. A web browser extension for the wallet can be downloaded from the Chrome Web Store, the company said.

It will enable transactions on GameStop's forthcoming NFT marketplace, which is expected to launch in the second quarter of the company's fiscal year, the company said.

In January, The Wall Street Journal reported that the company was launching a division to develop an NFT marketplace and establish cryptocurrency partnerships.

Shares of GameStop rose more than 2% in premarket trading to $97.71. The stock is down more than 35% so far this year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
10