GameStop Launches Wallet for Cryptocurrencies and NFTs

Rhea-AI Summary

GameStop Corp. (NYSE: GME) has launched a new digital asset wallet aimed at gamers, allowing for the storage and transaction of cryptocurrencies and NFTs across decentralized applications. The self-custodial Ethereum wallet can be downloaded from the Chrome Web Store and facilitates transactions on GameStop's upcoming NFT marketplace, expected to launch in Q2 of the fiscal year. With this initiative, GameStop aims to enhance user experience in the digital asset space.

Positive

• Launch of a self-custodial digital asset wallet aimed at gamers.
• Enables transactions on GameStop’s upcoming NFT marketplace.

Negative

• None.

GRAPEVINE, Texas--(BUSINESS WIRE)-- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced it has launched its digital asset wallet to allow gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens (“NFTs”) across decentralized apps without having to leave their web browsers. The GameStop Wallet is a self-custodial Ethereum wallet. The wallet extension, which can be downloaded from the Chrome Web Store, will also enable transactions on GameStop’s NFT marketplace, which is expected to launch in the second quarter of the Company’s fiscal year. Learn more about GameStop’s wallet by visiting https://wallet.gamestop.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS - SAFE HARBOR

This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally, including statements about the Company’s NFT marketplace and digital asset wallet, include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” “when,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the SEC including, but not limited to, the Company’s Annual Report on Form 10-K for the fiscal year ended January 29, 2021, filed with the SEC on March 17, 2022. All filings are available at www.sec.gov and on the Company’s website at www.GameStop.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220523005360/en/

GameStop Corp. Investor Relations

(817) 424-2001

ir@gamestop.com

Source: GameStop Corp.

FAQ

What is the new launch by GameStop Corp. related to digital assets?

GameStop Corp. has launched a self-custodial digital asset wallet for gamers to store and use cryptocurrencies and NFTs.

When is GameStop's NFT marketplace expected to launch?

GameStop's NFT marketplace is expected to launch in the second quarter of the company’s fiscal year.

How can users access the GameStop digital asset wallet?

Users can download the GameStop digital asset wallet extension from the Chrome Web Store.

What cryptocurrency platform does the GameStop wallet support?

The GameStop wallet is a self-custodial Ethereum wallet.