GameStop launches a wallet for cryptocurrencies and NFTs

GameStop, one of the largest computer game retailers in the US, moves further into Web3 and introduces its non-custodial Ethereum wallet to the public. The new wallet will allow cryptocurrency holders to store, send and receive both coins and NFTs and is featured through its gaming NFT marketplace launched in partnership with Loopring.

Currently, you can try the GameStop wallet in the form of Chrome and Brave browser extensions. The company also plans to launch an iPhone-compatible crypto wallet in the near future.

GameStop will not have access to its users’ non-custodial wallets, meaning that cryptocurrency holders alone bear full responsibility for their crypto assets. As with many other wallets, if a unique passphrase or private key is forgotten, the user can lose access to the wallet once and for all.

While most of the features of the new GameStop product can hardly be called outstanding, there is still one that makes it stand out among many others. Thus, Loopring’s zero-knowledge proof accumulation technology enables ETH transactions without high fees.

Although the company will not have access to the contents of users’ wallets, it will still collect and store some data, including contact information, display names, profile bio, public Ethereum address details, and names. Twitter or Reddit username.

For now, it’s too early to judge whether GameStop’s Ethereum and NFT wallet will become an equal competitor to market leaders like MetaMask. Let’s wait and see.

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