GameStop’s new wallet is available as a browser extension.
and reduces the risk of it being hacked or confiscated, but it means that if the owner loses their key, they also lose access to its contents.
It uses Loopring to execute transactions, a Layer 2 solution built on top of the Ethereum blockchain that’s supposed to lower costs for “gas,” the sometimes exorbitant fees incurred when processing a transaction on Ethereum. Earlier this month, the cost to process a transaction on Ethereum spiked into the thousandsdue to the sheer volume of transactions processed at once.
With the launch of the new wallet, GameStop also confirmed that its upcoming NFT marketplace will become available sometime in the second quarter of this year. Upon launch, users will be able to use their wallets in conjunction with the marketplace.in February alongside a $100 million fund that’s supposed to convince game developers to actually use it.
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