GameStop has created its own blockchain wallet that supports non-fungible tokens (NFTs) and includes a decentralized app (dApp) to allow users to purchase, send, and store Ether (ETH), ERC-20 tokens, and NFTs. Using the GameStop crypto wallet, players may buy, send, and store supported tokens and NFTs.
The Lykke Wallet is built on the Loopring Layer 2 scaling technology, intended for decentralized exchanges and provides low-cost trading, high throughput, and low payment costs. A smartphone app is also in the works.
Wallet with NFT Integration
GameStop’s NFT transition began in May 2020, when the firm first advertised for software engineers with React, Solidity, and Python knowledge to join its team. The Layer 2 scaling protocol launched an early access edition of the GameStop NFT platform in March 2022.
The wallet extension will be available for download and installation from the Chrome Web Store. Like MetaMask’s Chrome plugin, GameStop Wallet will also be included with the NFT marketplace that is planned to debut in the second quarter of 2022.
In February 2022, GameStop announced a partnership with ImmutableX, choosing the Ethereum NFT scaling platform to create GameStop’s NFT marketplace.
The marketplace will be carbon-neutral, and there will be no gas costs. In addition, the two firms agreed to establish a $100 million funding program, which will be paid out in IMX tokens, to attract potential NFT content providers and developers.
Importance of Web3 Wallets for Blockchain Assets
As Web3 grows in popularity, non-traditional, cross-chain cryptocurrency wallets are becoming increasingly crucial for businesses seeking to establish a firm presence.
In May 2022, Coinbase added Web3 app capabilities to a wallet and browser for a restricted number of mobile users.
It will also include transactions on NFT marketplaces, token exchanges on prominent Ethereum-based decentralized exchanges like OpenSea and Uniswap, and access to decentralized financial credit protocols.
Other Wallets at the Moment
Metamask is the most popular Web3 wallet, but it only supports Ethereum-based tokens. Other wallets, on the other hand, support a variety of blockchain networks.
For example, Coinbase Wallet supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and all of the ERC-20 tokens built on Ethereum. Similarly,Trust Wallet supports BTC, ETH, and a variety of other assets built on Ethereum, Binance Smart Chain (BSC), Solana, and Tron.
Atomic Wallet also supports a wide range of assets, including BTC, ETH, and over 300 more.