On May 23, the famous American video game, consumer electronics, and gaming merchandise retailer GameStop said in a press release that they are fully prepared to enter the world of digital assets and video game retailers with a crypto and non-fungible token (NFT) wallet.
These wallets have a variety of features, such as a self-custodial ethereum wallet that lets gamers and others store, send, receive, and use cryptocurrencies and NFTs across decentralised applications without leaving their web browsers.
It will be available via the Chrome web store and will allow transactions on GameStop’s NFT marketplace, which is expected to launch in the second quarter of the company’s fiscal year, starting in July.
The retailer, which sprang to fame as a notable meme stock during the epidemic, teamed up with Immutable X in January of this year to develop the NFT marketplace. According to the terms of the deal, Digital Worlds intends to award up to $100 million in IMX tokens to NFT producers and up to $150 million to GameStop itself if certain milestones are reached.
Immutable X is an Ethereum Layer 2 network for NFTs that uses StarkWare’s ZK-rollup technology for better scalability and lower gas fees. For minting and trading NFTs, it provides instant transaction confirmation and near-zero gas expenses. Users may simply create and trade NFTs while maintaining asset security.
