A beta version of the wallet Ethereum a decentralized open-source blockchain with smart contracts functionality. with self-custody is available for download now from the website of GameStop.
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The video game retailer GameStop (GME) today unveiled a digital asset wallet for storing, sending and receiving cryptocurrencies and tokens no fungibles (NFT) before the launch of its NFT marketplace later this year.
A beta version of the wallet Ethereum with self-custody is available for download now from the website of GameStop.
The wallet will allow players to send and receive in-game assets without having to leave their web browsers.
According to the information, the main advantages of GameStop Walle t are the possibility of secure storage of cryptocurrencies and NFTs, the ability to use Ethereum dApps and transactions that are carried out through Loopring Layer 2. It is also worth noting the browser extension for PC and the fact that the wallet is self-custodial.
It says in a press release:
“The wallet a place where cryptocurrency users can store, send and receive digital assets. extension, which can be downloaded from the Chrome Web Store, will also enable transactions on GameStop’s NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. marketplace, which is expected to launch in the second quarter of the company’s fiscal year.”
Share price rises, but doesn’t hold up
On the other hand, the actions of GameStop, traded on the New York Stock Exchange, rose 2.67% to $98.21 in pre-market trading, early, when the first news came out. However, at the open of trading the price did not hold and at 9:35 am New York time, it is priced at USD $94.14.
It should be remembered that the actions of GameStop had a giant growth spurt in January 2021 when fans in Reddit made the share price of this company, which, as a result of the pandemic, was falling sharply. . At that time, a group of investors joined together in the sub-Reddit Wallstreetbets , launched a provocative, irreverent and serious attack on Wall Street firms by buying up massive amounts of shares of GameStop which drove the stock price up more than 480% in one week. They drove the stock up to unimaginable levels: over $325 each. After that, the move didn’t hold and the stock has been hovering between $100 and $200, although these are much higher prices than they were in 2020, when they were below $10.
NFT market an area or arena, online or offline, in which commercial dealings are conducted. ready
As we count, GameStop in its fourth-quarter earnings report in March, announced its plans to start an NFT marketplace later this year. The firm partnered with layer 2 system Immutable a property that defines the inability to be changed, especially over time. X for its market, which will be located on Ethereum .
As part of the effort, the two companies have established a $100 million fund to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. game developers bringing their NFT projects to market. It is expected that the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. collectibles trading site of GameStop, powered with the technology of Immutable X, will be launched sometime in 2022.
In January of this year Gamestop reported on the creation of a new division dedicated exclusively to games NFT.
Sources: Coindesk, Gamestop Wallet , Press release from Gamestop, UToday , archivo
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