04.08.2023 18:54 Uhr, Quelle: Engadget

GameStop’s NFT wallet will shut down in November

GameStop is pulling the plug on its crypto locker after only a year. An alert posted this week to the company’s website (viaGame Developer) says GameStop Wallet will be no more after November 1st. The retailer says its decision was “due to the regulatory uncertainty of the crypto space.”The gaming retailer’s iOS and Chrome Extension lockers, billed as a “self-custodial Ethereum wallet,” will be removed on November 1st. The retailer recommends that customers have access to their Secret Passphrase to retrieve their NFTs by October 1st. “Any customer with access to their Secret Passphrase has the ability to recover their account in any compatible wallet,” the company wrote.Like many companies in 2021 and 2022, GameStop invested heavily in NFTs in hopes of essentially printing money through digital collectible sales. Backed by a $100 million fund (in partnership with Immutable X) to provide developer incentives, the retailer aggressively pursued a Web3 future under

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