Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech
Categories: Crypto News US
For quite some time now, it’s been well known that Gamestop was getting into the NFT space and that the gaming software retailer planned on releasing an NFT marketplace. At the end of March 2022, Gamestop explained it had partnered with the Ethereum L2 scaling project Loopring, and noted the company would leverage Loopring’s ZK-rollups.Now Gamestop has unveiled its non-custodial, Web3 ethereum wallet that uses the ZK-rollup tech for cheaper transactions. The wallet will allow gamers to store in-game NFTs, but it also holds Ethereum-based crypto assets as well. Gamestop plans to launch the company’s NFT marketplace in July and aims to give “power to the players.” Gamestop’s wallet is similar to Metamask and provides the user with a desktop version of the software. While the company worked with Loopring on the wallet’s technology, the NFT marketplace will use Immutable X technology. Gamestop partnered with Immutable X on February 3, 2021, and launched a $100 million NFT fund.Additionally, the wallet’s privacy policy explains that the software does monitor the user’s data. Data collected includes “contact and profile information, display names, email address, profile biography, Ethereum public address details, and Twitter and Reddit usernames.” An iOS version of Gamestop’s wallet is “coming soon,” according to the website.