GameStop is discontinuing its crypto locker after just one year. According to an alert on the company’s website (via Game Developer), GameStop Wallet will no longer be available after November 1st. The decision is attributed to the regulatory uncertainty surrounding the cryptocurrency space.
The retailer’s iOS and Chrome Extension lockers, which were marketed as a “self-custodial Ethereum wallet,” will be removed on November 1st. GameStop advises customers to have their Secret Passphrase ready by October 1st in order to retrieve their NFTs. The company stated, “Any customer with access to their Secret Passphrase has the ability to recover their account in any compatible wallet.”
Like many other companies in 2021 and 2022, GameStop heavily invested in NFTs with the hope of profiting from digital collectible sales. With a $100 million fund (in partnership with Immutable X) to incentivize developers, the retailer aggressively pursued a Web3 future…
2023-08-04 11:42:52
Article from www.engadget.com rnrn