25/05/2022 GameStop now has its own wallet for crypto and NFTs

Photo by Justin Sullivan/Getty Imagesnone

GameStop has launcheda beta for its very own Ethereum wallet that will let users store, send, and receive both cryptocurrency and non-fungible tokens (NFTs) through their web browsers. The wallet is currently available as an extension for Google Chrome and Brave, butGameStop’s wallet websiteindicates it will also be available as an iPhone app in the future.

AfterGameStop reached meme stock statuslast year, the company’s fan base has become largely split between two groups: gamers and investors. Those dedicated to “hodling” the stock may be in favor of GameStop’s foray into Web3, but many gamers dislike having the concept wedged into their pastime as much or more than they used to hate GameStop’s preorder policies or its insulting lowball offers for used games and systems.Players recoiledupon hearing Ubisoft’sNFT integration intoGhost Recon, and such strong reactions from gaming communities led the developers ofgames likeS.T.A.L.K.E.R. 2andWormsto abandon their NFT projects altogether.

GameStop’s wallet is non-custodial, meaning users can access their assets via a private key known only to them. The setupis compatible with hardware walletsand 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 thousandsduring the mint for the Bored Ape Yacht Club’s metaverse projectdue 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.GameStop first announced the NFT marketplacein February alongside a $100 million fund that’s supposed to convince game developers to actually use it. The company is partnering with Immutable X for its launch, another Layer 2 protocol designed to lessen the gas fees associated with Ethereum transactions.

Arts

https://www.theverge.com/2022/5/23/23137703/gamestop-wallet-crypto-nft-launch-web3

Interesting NFTs
Emoji Love #2/5
Nothing can be explained when love is involved. The work is inspired by the emoji of facebook but with the addition of the tits that the social network does not like.
#19468
By OthersideDeployer
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CryptoKitties
Good morning! I'm Kitty #162141. I've never told anyone this, but I once headbutted a dog. I'm convinced that the world is flat. One day I'll prove it. Can't wait to eat lasagna with you!
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The idea for this piece was borne out of a tweet of mine that caused a bit of a stir. I’d posted a link to a blog article I’d written a number of months previous titled ‘Who is the Creator’ discussing various types of creative collaborations and why I hire people to work on my animations. It generated a lot of debate around creation and attribution with the community split on whether it’s right or wrong for an artist to hire other professionals to help them realize their art projects. I decided to push the boundaries even further and see how the cryptoart community responded. What if I quite literally had nothing to do with the physical or digital elements of the work other than coming up with the concept and coordinating it? I decided there was one artist in the space who could add huge value to this idea on levels that none other could and so I gathered my courage and contacted the great JosĂ© Delbo to ask him if he’d be interested in a very unique collaboration. I explained to him that to make this piece ‘work’ he couldn't have any say in what I produced and moreover, he wouldn’t even be allowed to see the animation until it was dropped on MakersPlace. To my surprise, Mr Delbo agreed to my proposal. The animation tells the story of the creative process, which includes my roles as writer, director, and producer working with a team and making edits and changes ‘in real time’. The dialogue between myself and my ‘hired guns’ plays out in front of the viewer. The music written for the piece adds to the nostalgia of the comic book superhero theme but other elements such as the snapping and kicking of the pencil and the signing of my signature at the bottom incorporates further layers and challenges the viewer to ask important questions, such as, is the ‘Art’ the final animation (the creation) or is the ‘Art’ the concept/credit for the creation itself?