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• Shares of the company rose almost 3% in premarket trading to $98.21
GameStop Corp (NYSE: GME) on Monday launched a digital wallet for cryptocurrencies and nonfungible tokens.
Gamers and other users will be able to store, send, receive and use cryptocurrencies and NFTs across decentralized apps without having to leave their web browsers, the company said in a statement.
Shares of the company rose almost 3% in premarket trading to $98.21.
GameStop, which described the new wallet as a self-custodial Ethereum wallet, said a web-browser extension for the wallet can be downloaded from the Chrome Web Store.
The wallet extension will also enable transactions on GameStop’s NFT marketplace, which is expected to launch in the second quarter of the company’s fiscal year.
With rising inflation and broad selloff in stock market, cryptocurrencies are at their all-time low, erasing their gains through the pandemic.
Picture Credits: WSJ
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