GameStop launches an Ethereum wallet

U.S.-based video game firm, GameStop, has announced in a press release that it had rolled out the beta version of a non-custodial wallet to allow “gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens” across decentralized applications on Ethereum.

This Ethereum wallet comes in the form of a browser extension available for download on the retailer’s website.

The wallet lands ahead of GameStop’s NFT marketplace launch scheduled for the second quarter of this year.

The marketplace will launch the Best Ethereum wallet in partnership with Immutable X, an NFT-focused Layer 2 scaling solution for Ethereum that supports high-speed, low-cost blockchain transactions.

GameStop became the world’s first “meme stock” in early 2021 due to a large, loosely-organized group of retail investors bidding up its stock price from around $18 to an all-time high of $325 to “short squeeze” Wall Street hedge funds.

GameStop is hoping that the new Ethereum wallet launch will help the company grow its customer base, and attract them to its own ecosystem of Web3 applications.