GameStop is all-in on cryptocurrency. The video game store announced Monday that it had developed its own self-custodial ethereum digital wallet. The wallet will be available via a Google Chrome extension and will be used to purchase and sell NFTs on GameStop’s future NFT marketplace, which is set to launch by the end of July.
Nonfungible tokens, or NFTs, are digital assets such as photos, videos, and art that can be traced using blockchain technology. This year, a variety of corporations, like the NFL and Twitter, have embraced the technology, with some collectible items selling for hundreds of thousands of dollars to millions of dollars.
Self-custodial wallets only give the user access to the private digital key needed to access the wallet. The key is not stored anywhere else, which means that users don’t have to rely on an intermediary like Robinhood or PayPal to buy and sell cryptocurrencies and NFTs.
GameStop partnered with blockchain startup…