Earlier today, the video game retailer GameStop, which has both an online and a brick-and-mortar location, made available the beta version of its very own Ethereum wallet. Users who are interested in testing out the beta version of the wallet can get it through the Chrome Web Store, where it can be installed as an extension for the Chrome or Brave web browser. Users who are not interested in testing out the beta version of the wallet can get it directly from the developer.
Once downloading the extension, users will be able to store bitcoins in a secure manner and use them across a wide range of decentralised applications without having to leave the Chrome tab in which the extension is open. This will be possible after the user has installed the extension. According to information provided on the website of the corporation, mobile versions of the GameStop wallet will also be available at some time in the not too distant future.
The fact that the digital wallet offered by GameStop is non-custodial, which indicates that customers will maintain full control over any digital things they place in it, is another one of the differentiating qualities of the product. [Citation needed] Due to the fact that only the user will own possession of the wallet’s private key, the only one who will be able to access the wallet associated with a user is the user themselves. Those who are interested in making their wallets even safer have the option of dumping their contents onto a third-party hardware wallet that is compatible with their wallet. This option is available to users who are interested in making their wallets even more secure.
With the aid of the wallet, users will be able to save and arrange all of their NFTs in a single digital location, which is perhaps the most important benefit of using the wallet. This is in line with a statement that the video game shop made earlier this year, declaring its intentions to establish a gaming-themed NFT marketplace somewhere between the end of the first quarter and the beginning of the second quarter. This information is compatible with that remark.
As a direct consequence of this, it is quite evident that GameStop intends to double down on embedding its roots firmly inside Web3 while the iron is still hot. Because a rising number of gamers choose to buy their games digitally, the higher-ups at the firm are hoping that this will allow them to make up for the growing losses the company has incurred over the years. The news also illustrates that the relatively new NFT section of the shop has been making constant progress ever since it was made public for the very first time earlier this year. This component of the store was made public for the very first time earlier this year.
The claim that was made by GameStop is emblematic of a larger, more pervasive tendency in which more traditional businesses are staking their claims in the Web3 sector. For example, Web 2.0 firms such as eBay and Instagram have hopped on the NFT bandwagon by either embedding NFTs into their websites or establishing their own collections of NFTs.
