GameStop, once a giant among video game retailers, has seen its star fade for more than a decade, as consumers have turned to online marketplaces to buy their favorite games as opposed to brick-and-mortar stores.
The ailing retailer hoped a bet on crypto would partially reverse its decline, unveiling a new wallet, or place where users can store tokens and NFTs, in May 2022. However, on Tuesday, the company told users that it was discontinuing the wallet come Nov. 1, citing the “regulatory uncertainty of the crypto space.”
