GameStop Taps Loopring’s Tech for New Non-Custodial Web 3.0 Ethereum Wallet.

On Monday, video game and electronics retailer GameStop announced the launch of a new wallet that allows gamers to store, send, and receive cryptocurrencies and non-fungible tokens (NFTs) on different dApps.

GameStop Launches Non-Custodial Wallet, announced the launch of its all-new, browser-based wallet in preparation for the release of its online NFT marketplace.

The new non-custodial wallet from GameStop will allows gamers to access, spend, and trade cryptocurrencies and other digital assets without leaving their games.

The new Web 3.0 Ethereum wallet, which leverages Loopring’s ZK-rollup technology for cheaper transactions, can host and transact ETH, NFTs and ERC20 tokens.

According to GameStop, its Web 3.0 wallet will eventually launch as a mobile app that can be downloaded on smartphones.

The announcement had a positive impact on the value of GameStop shares, which jumped nearly 3% in pre-market trading on Monday. At the time of writing, GME trades at $96.13, up from its prior $93.6 pricepoint.