Gamestop Launches Digital Asset Wallet, eBay Releases NFT Collection, Balenciaga Accepts Cryptocurrency As Payment

Written by Lindi Miti

May 24, 2022

Gamestop Launches Digital Asset Wallet

Gamestop, an electronics retail company, launched its digital asset wallet on Monday. The wallet will allow users to store, send, and receive currencies and NFTs. The Gamestop wallet is built on the Ethereum blockchain and is a self-custody wallet – meaning users will have complete control of their assets. 

The Gamestop wallet will use Loopring’s zkRollup, a layer 2 Ethereum scaling protocol, to enable users to have faster transactions and save on gas fees. Gamestop is also launching an NFT marketplace in the second quarter of this year. The wallet is now available for download on the Chrome Web Store. 

Gamestop is a publicly listed company founded in 1984 in Dallas, Texas. GameStop ($GME) shares are famous for the pump and dump attack orchestrated by Reddit users in January 2021. 

 

eBay Launches NFT Collection 

eBay, a multinational e-commerce company, launched its debut NFT collection in partnership with Oneof, a Green NFT platform. The NFT collection is called The Sports Illustrated and Wayne Gretzky. The collection has 13 NFTs, and the prices range from $10 to $1500. 

“We are excited about the underlying capabilities and how blockchain-driven collectibles bring trust and authenticity, key components of a marketplace, to the digital space,” an eBay representative told CoinDesk.

Oneof partnered with Sports Illustrated. The Sports Illustrated x Wayne Gretzky is the fourth Sports Illustrated collection, featuring the legendary hockey player on the 1982 “Sportsman Of The Year” cover. eBay plans to release more NFTs in partnership with Oneof soon. 

Oneof is a Green NFT Platform powered by the Polygon blockchain. eBay is the second largest e-commerce company in the U.S. It has over 142 million customers. 

Balenciaga Accepts Bitcoin As Payment

Balenciaga, a luxury fashion brand, will start accepting Bitcoin and one other cryptocurrency as payment methods. The luxury fashion house will roll out cryptocurrency payments at selected stores in the U.S. and on their e-commerce platform. Balencia is part of the Kering Luxury Group and is their second company to accept crypto as payment after Gucci. 

Balencia will start the rollout in their flagship stores, Madison Avenue in New York and Rodeo Drive in Beverly Hills. The company has not decided which cryptocurrency payment provider it will use yet. However, it plans to accept more cryptocurrencies and roll out the acceptance of crypto to more stores. 

Written by Lindi Miti © Crypto University 2022  

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