GameStop Shares Surge After Crypto Wallet Launch

May 23, 2022

American video game company GameStop officially announced the launch of its crypto and NFT wallet today.

The video game firm announced in a press release that its self-custodial ethereum wallet is now available to download on its website Chrome Web Store.

The self-custodial wallet will allow users to send and receive in-game assets without having to leave the browser.

Shares of GameStop were almost up 3.5% in the pre-market trading.

The wallet extension is expected to launch in the second quarter of this fiscal year.

The American video game company had announced its plans to launch an NFT marketplace by the end of July.

GameStop partnered with the layer 2 system Immutable X for its NFT marketplace.