GME GameStop Corp Holding Company

By Will Feuer

GameStop Corp. said it launched a digital wallet for cryptocurrencies and non-fungible tokens.

The company said the move will allow gamers and others to store, send, receive and use cryptocurrencies and NFTs across decentralized apps without having to leave their web browsers.

GameStop described the wallet as a self-custodial Ethereum wallet. A web browser extension for the wallet can be downloaded from the Chrome Web Store, the company said.

It will enable transactions on GameStop's forthcoming NFT marketplace, which is expected to launch in the second quarter of the company's fiscal year, the company said.

In January, The Wall Street Journal reported that the company was launching a division to develop an NFT marketplace and establish cryptocurrency partnerships.

Shares of GameStop rose almost 3% in premarket trading to $98.21. The stock is down more than 35% so far this year.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

May 23, 2022 07:43 ET (11:43 GMT)

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