Wednesday, June 7, 2023
TopCrytpoNews.com
Shop
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana
TopCrytpoNews.com
No Result
View All Result
Home Cryptocurrency

GameStop launches digital wallet for cryptocurrency, NFTs

Mikhailev by Mikhailev
May 26, 2022
in Cryptocurrency
0
GameStop launches digital wallet for cryptocurrency, NFTs
Share on FacebookShare on Twitter


This audio is auto-generated. Please tell us when you’ve got feedback.

Dive Temporary:

  • GameStop on Monday introduced the beta launch of its digital asset wallet for customers to retailer, ship, obtain and use non-fungible tokens and cryptocurrency, based on a press launch.
  • The online game retailer stated the pockets will allow transactions with GameStop’s NFT market, which is predicted to launch within the second quarter of its fiscal 12 months.
  • The GameStop Pockets is a self-custodial Ethereum pockets, which means customers have full management of property however can’t get better their accounts if login data is stolen or misplaced. The pockets is at present accessible by way of an online browser extension.

Dive Perception:

GameStop is getting into a brand new enviornment with its digital pockets — one which already has some heavy competitors from firms like Robinhood and Coinbase. The GameStop Pockets touts its potential to let customers function with out leaving their browser and gives decrease transaction charges by way of Loopring Layer 2, a set of protocols to resolve frequent congestion points from the Layer 1 blockchain.

Related articles

The Fake Team That Made Solana DeFi Look Huge

Berkshire Hathaway’s Charlie Munger Calls Cryptocurrency a ‘Gambling Contract’ | Video

February 2, 2023
What crypto hodlers should keep in mind as tax season approaches

What crypto hodlers should keep in mind as tax season approaches

February 2, 2023

The online game retailer formally joins the blockchain world within the midst of intense volatility and a decline in NFT curiosity. NFT sales are down by 92% since final September, based on the information web site NonFungible. Extra so, earlier this month, the cryptocurrency market had one among its most volatile trading weeks prior to now two years.

The announcement additionally follows GameStop’s tough Q4 earnings report in March, as its losses widened regardless of elevated gross sales. The push into NFTs and crypto comes as no shock although. Shareholder and Chewy founder Ryan Cohen launched an activist marketing campaign towards GameStop in 2020, calling for it to develop into a digitally pushed expertise firm. 

Since then, Cohen has become the board’s chairman, and a number of other executives have been appointed. Most lately, GameStop COO Jenna Owens left after simply seven months on the job. She was changed by former Belk CEO Nir Patel earlier this month.

Appearing on the digital transformation Owens referred to as for, GameStop in February launched its plans to develop an NFT marketplace with expertise companion Immutable X. Nevertheless, the online game firm isn’t the primary to take a step into the world of blockchain. Residence retailer Overstock started accepting crypto in 2014 and invested closely in an organization blockchain unit, which later misplaced the retailer hundreds of thousands of {dollars}.

With the crypto market rising in popularity, unstable and prone to large-scale theft, GameStop is aware of it is opening up a brand new world of dangers for its followers. The corporate on Twitter even cautioned customers in regards to the irreversibility of transactions and to make use of the pockets responsibly.

This can be a beta launch. Please use responsibly, and don’t add extra funds than you’re comfy with.


— GameStopNFT (@GameStopNFT) May 23, 2022





Source link

Share76Tweet47

Related Posts

The Fake Team That Made Solana DeFi Look Huge

Berkshire Hathaway’s Charlie Munger Calls Cryptocurrency a ‘Gambling Contract’ | Video

by Mikhailev
February 2, 2023
0

Please observe that our privacy policy, terms of use, cookies, and do not sell my personal information has been up...

What crypto hodlers should keep in mind as tax season approaches

What crypto hodlers should keep in mind as tax season approaches

by Mikhailev
February 2, 2023
0

Submitting taxes for cryptocurrency is usually a complicated and daunting job for a lot of people. The USA Inside Income...

BIT Mining Limited Regains Compliance with NYSE Continued Listing Standards

BIT Mining Limited Regains Compliance with NYSE Continued Listing Standards

by Mikhailev
February 2, 2023
0

AKRON, Ohio, Feb. 2, 2023 /PRNewswire/ -- BIT Mining Restricted (NYSE: BTCM) ("BIT Mining," "the Firm," "we," "us," or "our firm"),...

London Crowned World’s Leading Cryptocurrency Hub, According to Study – Bitcoin News

London Crowned World’s Leading Cryptocurrency Hub, According to Study – Bitcoin News

by Mikhailev
February 2, 2023
0

In line with analysis from Recap, a cryptocurrency tax software program firm, London has grow to be the world’s main...

Banner Year for North Korean Cryptocurrency Hacking

Banner Year for North Korean Cryptocurrency Hacking

by Mikhailev
February 2, 2023
0

Blockchain & Cryptocurrency , Cryptocurrency Fraud , Fraud Management & Cybercrime Chainalysis: Pyongyang Stole $1.7B in Crypto, Primarily From DeFi...

Load More
  • Trending
  • Comments
  • Latest
Square Enix NFT And Blockchain Plans Laid Out In Annual Report

Square Enix NFT And Blockchain Plans Laid Out In Annual Report

May 13, 2022
Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

Is Austin, Texas About to Lead the US in Blockchain, Crypto and Sustainability? With Mission 6, it Appears So

May 13, 2022
Jack Dorsey Names Reason for Next Bitcoin Price Surge

438.4 Million Dogecoin Moved to Robinhood for Fee That Easily Beats Any Bank

May 22, 2022
Top LTC Online Gambling Sites for 2022

Top LTC Online Gambling Sites for 2022

May 15, 2022
Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

Japan’s Nomura dives into cryptocurrency derivatives trading (NYSE:NMR)

0
Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

Cryptocurrency Avalanche’s Price Increased More Than 8% Within 24 hours

0
Bitcoin & Cryptocurrency Take Massive Nose Dive

Bitcoin & Cryptocurrency Take Massive Nose Dive

0
Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

Todd Snider talks life on the road making music ahead of Southern California dates – Daily News

0
El Salvador’s Bitcoin miner Volcano Energy launches with $250M investment

El Salvador’s Bitcoin miner Volcano Energy launches with $250M investment

June 7, 2023
Jack Dorsey courts controversy by claiming ETH is a security

Jack Dorsey courts controversy by claiming ETH is a security

June 7, 2023
Europe’s right-wing political groups find cause in crypto

Europe’s right-wing political groups find cause in crypto

June 7, 2023
Can blockchain games really offer a sustainable income?

Can blockchain games really offer a sustainable income?

June 7, 2023

Recent News

El Salvador’s Bitcoin miner Volcano Energy launches with $250M investment

El Salvador’s Bitcoin miner Volcano Energy launches with $250M investment

June 7, 2023
Jack Dorsey courts controversy by claiming ETH is a security

Jack Dorsey courts controversy by claiming ETH is a security

June 7, 2023
Europe’s right-wing political groups find cause in crypto

Europe’s right-wing political groups find cause in crypto

June 7, 2023

Categories

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Solana

Follow Us

Tags

Avalanche bitcoin bitcoin price bitcoin price in india bitcoin price today Blockchain Blockchain Wire business Business news Cardano Crypto Crypto Coins CryptoCurrencies Cryptocurrency cryptocurrency news cryptocurrency price today crypto market crypto news crypto price in india crypto price today Culture DeFi Dogecoin Dogecoin price ETH Ethereum fintech FTX investing Litecoin Markets News NFT Opinion Ripple SEO Shiba shiba inu Shiba Inu Price SOL Solana solana price TECH Technical Analysis Technology
  • Contact Us

© 2022 Top Crypto News - All rights reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Market & Analysis
  • Bitcoin
  • Altcoins
  • Dogecoin
  • Ethereum
  • Litecoin
  • Solana

© 2022 Top Crypto News - All rights reserved.