Pepe Deep Dive
Bitcoin Faces Key Resistance at $98,400 Amid Market Optimism
What Is Abstract Chain? The Next Layer-2 Blockchain For Consumer Crypto
High-Value NFT Sales Slowing as Market Dynamics Change
NFT/Tokens Gainers of the Week (23 Dec – 29 Dec)
Fartcoin Deep Dive
NFT/Tokens Gainers of the Week (16 Dec – 22 Dec): Pudgy Penguins Learn to Fly
10 Safest Crypto Exchanges to Use for Secure Trading in 2025
What is KYC in Crypto and Why Do Crypto Exchanges Need KYC?
What Is Dollar-Cost Averaging? Definition, Benefits, & Examples
What is an NFT Drop? Your Simple Guide to Participation
15+ Best Crypto Signals Telegram Groups in 2025
NFT Dapps: A Comprehensive Guide for Creators and Collectors
11 Best P2P Crypto Exchanges for Secure & Fast Transactions
How to Secure Your Cryptocurrency in 2025: A Complete Guide
Top 7 Binance Alternatives for 2025: Fees and Features Reviewed
Bybit vs MEXC 2025: Fees, Features, and Security Comparison
What are PFP NFTs? Why are Profile Picture Tokens so Hyped?
What Is Trust Wallet? A Comprehensive Guide to Its Features and Safety
How to Use Phantom Wallet in 2025?
Custodial vs Non-Custodial Wallet: Choosing the Right Option
What is an NFT Airdrop and How Does It Work?
Phantom Wallet Review 2025: Is it Safe & Worth it?
What is DeFi (Decentralized finance) and How Does it Work?
What is DeFi NFT: The Ultimate Guide
How to Create A DAO: The Ultimate Guide
What is a DAO In Crypto & How Does It Relate to NFTs?
By NFTevening
In July of 2022, GameStop launched its NFT marketplace. Now, just over one year later, GameStop has decided to stop supporting its crypto extension wallet due to “regulatory uncertainty of the crypto space.” Why has the gaming company made this decision? Let’s take a closer look.
TL;DR:
From November 1st, the iOS and Chrome Extension wallets will no longer be available. As such, users are advised to have access to their secret passphrases by October 1st. The wallets were first launched in May of 2022, allowing users to manage cryptocurrencies and NFTs.
The exact reasons behind the decision to discontinue the wallets are unclear. The announcement states ‘regulatory uncertainty’ but does not specify beyond that. However, given that GameStop is based in the United States, it may have been influenced by the ongoing legal actions taken by the SEC against crypto firms in the country. Many court cases involving blockchain companies and their executives are also still ongoing.
So, what does this mean for the GameStop NFT Marketplace? That remains unsure, but things are not looking good. In June of 2023, GameStop terminated CEO Matt Furlong. Furlong was key in the company’s expansion into NFTs. This decision demonstrates that GameStop may be rethinking it strategy, and shifting focus back to video games.
GameStop, a leading gaming retailer famous for its Wallstreetbets fame, launched its NFT marketplace on July 11th, 2022. The marketplace caters to its avid gaming generation. It allows users to trade art, in-game items, and more in the form of non-fungible tokens.
Initially starting with existing collectibles and digital artwork, it now supports various wallets, including its ‘Gamestop Wallet’ browser extension, soon to be removed. The platform’s partnership with Immutable X enables users to trade in-game items with zero percent gas fees and a carbon-neutral minting process. This collaboration also opens access to digital assets from projects like Gods Unchained and Illuvium. GameStop’s move into the NFT space aligns with its mission of empowering players, providing a dynamic platform for gaming enthusiasts to explore and exchange digital assets.
Disclaimer
NFTevening is an award-nominated media outlet that covers NFTs and the cryptocurrency industry. Opinions expressed on NFTevening are not investment advice. Before making any high-risk investments in cryptocurrency or digital assets, investors should conduct thorough research. Please be aware that any transfers and transactions are done at your own risk, and any losses incurred are entirely your responsibility. NFTevening does not endorse the purchase or sale of any cryptocurrencies or digital assets and is not an investment advisor. Additionally, please note that NFTevening participates in affiliate marketing.
Cryptocurrency
Learn
Cryptocurrency
Analysis
Exchanges
Learn
Analysis
Guides
Guides
Exchanges
Exchanges
Learn
Please be aware that our Privacy Policy, Terms of Use, and Disclaimers & Ethics notice have been updated.
NFTevening is a renowned and award-nominated media platform dedicated to reporting on the cryptocurrency industry. Its journalists adhere to a rigorous set of editorial standards, guided by principles designed to uphold integrity, ensure editorial independence, and maintain unbiased reporting across all its publications.
The latest news, articles, and resources, sent to your inbox weekly.