GameStop, citing “regulatory uncertainty,” winds down its crypto & NFT wallet

GameStop is shutting down its GameStop Wallet app for iOS and its Chrome browser extension as of November 1, and telling customers to make sure they can access their Secret Passphrase. The company's notice cites "the regulatory uncertainty of the crypto space" as the reason. Game Developer notes the decision may have been in the works earlier, since December 2022 layoffs heavily affected the team working on the Ethereum-based wallet. GameStop advises customers to ensure access to their Secret Passphrase by October 1, 2023, which it says should allow recovery in any compatible wallet, such as MetaMask after exporting keys.