American video game retailer GameStop Corp (NYSE: GME) today launched its non-custodial, browser-based Ethereum wallet similar to MetaMask.
The wallet would let users store, send, and receive cryptocurrencies and non-fungible tokens (NFTs) across various crypto apps. It will support NFT trading through the upcoming launch of GameStop’s NFT marketplace in Q2 2022.
GameStop stock reacts
Despite successful launches of its beta NFT marketplace and today’s crypto wallet, GameStop’s stock is down 3.56% at the end of trading hours last Friday.
The decline in stock is likely related to the company’s weak Q4 results. GameStop reported a loss of $147.5 million in Q4 2021 against an $80.3 million profit reported in the same period the previous year.