GameStop launches into the web3 bath – At the start of 2021, the GameStop video game store chain made headlines. Indeed, members of the WallStreetBets subreddit conducted an unprecedented market war against a hedge fund, on shares of GameStop (GME). Obviously, this event was closely followed by the crypto ecosystem, even going so far as to bring the two together. Thus, GameStop has just announced the launch of its wallet Ethereum.
GameStop unveils its Ethereum wallet
On May 23, the company GameStop has announcement via a press release its desire to dive into the world of Web3.
Thus, the company has unveiled the release of its own crypto wallet, self-hosted. In practice, this will allow gamers and other users to store, send and receive cryptocurrencies as well as NFTs.
Of course, this will also allow interaction with decentralized applications and the entire DeFi ecosystem.
Presented under the form of a Chrome browser extensionthis wallet will be connected to the Ethereum network. Depending on the form it takes, it could also support other EVM chains, like MetaMask. In addition, it seems that a mobile version of the wallet is developed on iPhone.
A few hours after the announcement, shares of GameStop (GME) reacted positively with a rise of 4%.
A wallet that prepares the NFT marketplace
The press release issued by GameStop also specifies that the GameStop Wallet can be used on the NFT marketplace developed by the company.
Indeed, as we talked about at the beginning of the year, GameStop has revealed its desire to create a place to buy and sell NFT.
The launch of the latter is scheduled for the second quarter of 2022.
For this marketplace, GameStop did not want to put down its suitcases on the L1 of Ethereum. Thus, it is a second layer solution to Ethereum that has been favored. Indeed, the GameStop marketplace is developed in partnership with the second layer solution Immutable X.
As a reminder, this one uses zk-Rollups developed by StarkWare to ensure better performance than Ethereum’s L1.
At the same time, the two companies announced the creation of a $100 million. This will be intended to support developers who will launch their NFT game project on the marketplace.
Of course, GameStop isn’t the only company taking an interest in NFTs. Thus, the online sales giant eBay has just announced the launch of its own collection of NFTs on the Tezos blockchain.