NFTs

GameStop Launches Wallet for Crypto and NFTs

Published

2 years ago

May 23, 2022

GameStop officially announced on Twitter it has launched its wallet for crypto and NFTs.

This is a beta launch that will allow users to store, send, and receive both NFTs and crypto through their web browsers.

The wallet is currently available as an extension for Google Chrome and Brave, but GameStop’s wallet website indicates it will also be available as an iPhone app in the future.

Let’s dive into the details.

GameStop NFT marketplace

GameStop launched its NFT marketplace (beta version) with Loopring in March earlier this year.

Immutable X is essentially the foundation to GameStop’s NFT marketplace.

Loopring on the other hand focuses on scalability, application delivery, and secure exchanges of payment.

Combined, GameStop has a powerhouse for the future of blockchain gaming.

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 Crypto and NFT Wallet

GameStop’s wallet is non-custodial, meaning users can access their assets via a private key known only to them.

The setup is compatible with hardware wallets and 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’s official! The GameStop Wallet is here.

Download: https://t.co/dK2dmRmwRI

🧵👇— GameStopNFT (@GameStopNFT) May 23, 2022

GameStop wallet is a simple and secure way to get started with Web3.

The wallet is a self-custodial Ethereum wallet, meaning you are always in full control of your wallet and assets.

Harnessing the power of Loppring’s zkRollup – and Ethereum Layer 2 scaling protocal – GameStop gives you low cost and fast transactions, with Ethereum security, opportunity, and global reach.

This allows you to reduce gas fees and network congestion, while always remaining in control of your funds.

MAIN FEATURES

Create a secure, self-custodial Ethereum wallet – where you truly own your assets, and are always in full control.
Buy ETH with a few taps using Apple Pay, or a credit or debit card. Save time and money by purchasing directly to Loopring Layer 2.
Store all your Ethereum-based assets in one secure place (ETH, ERC-20, ERC-721, ERC-1155). • Send and receive ETH, ERC-20 tokens, and NFTs – to anyone, anywhere, any time.
Swap between ETH and ERC-20 tokens on both Ethereum Layer 1 and Loopring Layer 2.
Connect your GameStop Wallet to decentralized apps (dApps) and explore the world of Ethereum – from DeFi to NFT marketplaces.
Connect your wallet and get started with NFTs on GameStop NFT at https://beta.nft.gamestop.com.
Learn about Ethereum, Blockchain, GameStop NFT, and best safety practices.

You can follow Nez Media on Twitter @NezMediaCompany.

Related: GameStop’s Short Interest Keeps Surging Proving Short Squeeze Thesis

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Related Topics:Cryptocurrency GameStop Meme Stocks NFTs

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How Much is A Series 1 “I Own AMC” NFT Worth?

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NFTs

How Much is A Series 1 “I Own AMC” NFT Worth?

Published

3 years ago

March 13, 2022

Frank Nez

AMC shareholders who self-identified as investors on Investor Connect received a free series 1 “I Own AMC” NFT from the company.

More than 580,000 of these “I Own AMC” NFTs were distributed amongst shareholders early this year.

Many investors have claimed to have not received theirs yet.

I suggest you check your junk mail or search for “AMC Investor Connect Update”.

Let’s get into how the value of NFTs are determined.

How are NFTs valued?

NFTs (non-fungible tokens) are valued based on what the market values it.

Major contributing factors include who the artist is, their reputation, the story behind the NFT, and social currency of the artist/brand.

The “I Own AMC” NFT was created by AMC Entertainment, the largest movie theatre chain in the world.

The story behind this 1 series NFT is an incredible one that depicts retail investors saving the brand from bankruptcy while fighting against injustices in the stock market.

This series 1 “I Own AMC” NFT is part of a historical battle to squeeze short sellers attacking the company stock to drive the MOASS (mother of all short squeezes).

While AMC recently released Spider-Man No Way Home and ‘The Batman’ NFTs, “I Own AMC” NFTs are a shareholder exclusives.

Being a 1st generation or ‘series 1’ NFT we can expect the value of this NFT to surge as AMC Entertainment releases new series NFTs.

Read: What are NFTs and how will they change the world?

How much are these “I Own AMC” NFTs selling for?

Some investors have already begun to put these assets out into the market.

Many are using eBay as a way to drive attention to the value of the NFT.

Investors are asking anywhere between $500-$9,000 for an “I Own AMC” NFT on eBay.

Few are valuing their asset below $500.

Redditors are encouraging investors not to sell their NFTs as they could be worth a lot more down the road.

The community speculates that these “I Own AMC” NFTS will gain more value once AMC squeezes shorts from their positions.

AMC Entertainment as a company has massively improved every quarter since 2020 and 2021.

The movie theatre chain seated more than 60 million guests in the United States, Europe, and Middle East in Q4 of 2021 alone.

The company also announced it now has a positive EBITDA which provides investors with a snapshot of a company’s financial performance.

Should you sell or keep your AMC NFT?

How much is a series 1 "I Own AMC" NFT worth? — How much is a series 1 “I Own AMC” NFT worth? – I own AMC NFT eBay

NFTs are worth selling if your intuition tells you the asset is at its peak.

But if you think one day collectors (especially investors) will be on the hunt for this series 1 “I Own AMC” NFT then it might be worth holding onto.

This is a very special NFT due to the story behind it.

It a piece of time capsulated in this digital asset.

What do you think?

Leave a comment down below.