GameStop introduces Web3 wallet for Crypto, NFTs

Written By Simon Mwebaze

Competition in the Web3 wallet space is stiff and getting stiffer. Despite several established players, more companies are making their way into the space.

What is their goal? To unseat the current leaders by offering more value to customers.

Who are they and what are they doing?

GameStop, a electronics retail company, is rolling out a wallet for both crypto and NFTs. Customers can store, send, receive, and use cryptocurrencies and non-fungible tokens (NFTs).

The non-custodial Ethereum wallet will be accessible across decentralized applications (dApps). Additionally, customers can download the extension from the Chrome Web Store. They can use the wallet without exiting their browsers.

In partnership with Loopring, GameStop will also launch its own NFT marketplace. With the quarter 2 launch, customers will be able to use the wallet to perform transactions.

Entering the NFT marketplace space will not be a walk in the park. This is because of other established brands with skin in the game. These include Binance, FTX, Trezor, and Coinbase which have competitive wallets.

But more competition could be a great thing. It could mean better wallet and marketplace services and features.

We look forward to what GameStop’s wallet and marketplace have to offer. May the best wallet/marketplace win.

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