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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why is Ethereum used for NFTs?A notable factor in Ethereum’s growth is the blossoming of the NFT industry. Why are the two so strongly linked and will it remain that way in the future?
Read more »
NFTs Are Put to New Use in China, Countering Censorship During PandemicIn most of the world, the market for NFTs is plummeting. In China, nonfungible tokens are on the rise, not as digital-art investments but as a way to strike back at censorship.
Read more »
Draft Law About NFTs Submitted to Russian Parliament – Regulation Bitcoin NewsLawmakers have filed a bill with the State Duma aimed at introducing the term NFTs to Russian legislation.
Read more »
More Than 800,000 NFTs Minted on Cardano Since March as Number of Projects IncreasesICYMI: over 800,000 NFTs issued on Cardano since March as number of projects grows $ADA CardanoADA CardanoCommunity
Read more »
Web3, NFTs, Metaverse: The tools for a truly decentralized futureDylan Dewdney, the founder of NFT3, believed that the crypto ecosystem needs to evolve beyond the financial use case into the “human use case” of blockchain.
Read more »
NFTs: Empowering artists and charities to embrace the digital movementNFTs are more than just collector’s items. Here’s why a research-funding organization wants you to know about their potential for charitable giving, argues a biotech investor.
Read more »