GameStop unveils crypto and NFT wallet, shares rise 3%

GameStop unveils crypto and NFT wallet, shares rise 3%

A beta version of the self-managed Ethereum wallet is now available for download on GameStop's website.

Video game retailer GameStop (GME) has unveiled a digital wallet for storing, sending and receiving cryptocurrencies and non-fungible tokens (NFTs) ahead of the launch of its NFT marketplace later this year.

  • A beta version of the self-managed Ethereum wallet is now available for download on GameStop's website.
  • The wallet will allow players to send and receive in-game assets without leaving their web browser.
  • GameStop announced in its fourth quarter earnings report in March that it plans to launch an NFT marketplace by the end of July.
  • The company has partnered with Layer 2 system Immutable X for its marketplace, which will be based on Ethereum.
  • Shares of GameStop, which trade on the New York Stock Exchange, rose 2.67% to $98.21 in premarket trading.