{"id":569145,"date":"2022-03-23T14:57:58","date_gmt":"2022-03-23T11:57:58","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=569145"},"modified":"2022-03-23T16:28:46","modified_gmt":"2022-03-23T13:28:46","slug":"lrc-spikes-40-gamestop-launch-nft-marketplace","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/lrc-spikes-40-gamestop-launch-nft-marketplace\/","title":{"rendered":"LRC Gains Over 40% as GameStop Taps Loopring for NFT Marketplace"},"content":{"rendered":"\n<ul><li>Global video gaming retail giant GameStop has officially stepped into the non fungible token (NFT) space with the beta launch of its marketplace.<\/li><\/ul>\n\n\n\n<ul><li>The project is built using the Ethereum layer 2 solution Loopring.<\/li><\/ul>\n\n\n\n<ul><li>Also, the news triggered a massive surge in LRC and GME market prices.<\/li><\/ul>\n\n\n\n<p>According to a medium article <a href=\"https:\/\/medium.loopring.io\/gamestop-nft-marketplace-powered-by-loopring-l2-6cdb9289d937\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">published<\/a> on Wednesday, the Ethereum layer 2 protocol Loopring teamed up with international consumer electronics company GameStop for an NFT marketplace. The platform has launched with a beta version for users to create their profiles and make deposits.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The future of <a href=\"https:\/\/twitter.com\/hashtag\/NFTs?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#NFTs<\/a> are here + they&#39;re powered by <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Ethereum<\/a>&#39;s second layer\ud83d\udc99<br><br>Loopring L2 x <a href=\"https:\/\/twitter.com\/GameStop?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@GameStop<\/a> <br><br>Power to the players.<br>Power to the creators<br>Power to the collectors.<a href=\"https:\/\/twitter.com\/hashtag\/L222?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#L222<\/a>\ud83c\udf00<a href=\"https:\/\/t.co\/0gdvKLivfp\" rel=\"nofollow\">https:\/\/t.co\/0gdvKLivfp<\/a><\/p>&mdash; Loopring\ud83d\udc99\ud83c\udff4\u200d\u2620\ufe0f (@loopringorg) <a href=\"https:\/\/twitter.com\/loopringorg\/status\/1506548697689063429?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">March 23, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Details from the announcement highlight that GameStop chose to tap Loopring for its NFT platform due to the protocols self-custodial security. Also, the layer 2 solution mitigates high gas fees commonly associated with Ethereum layer 1 transactions.<\/p>\n\n\n\n<p>Loopring leverages zkRollup protocols to support optimized scalability and quick payments. The layer solution also offers a digital wallet and web application that provides access to a decentralized exchange.&nbsp;<\/p>\n\n\n\n<p>GameStop also plans to leverage Loopring\u2019s open mint function which launched earlier in March 2022. Since the feature was released, over 1 million NFTs have been minted on the layer 2 protocol.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Over 1 Million NFTs have been minted on Loopring L2 since the launch of open <a href=\"https:\/\/twitter.com\/hashtag\/NFT?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#NFT<\/a> minting less than a month ago \ud83e\udd73<br><br>Come join our amazing community of L\u00f6\u00f6pers in the Discord + mint some ultra-secure NFTs on <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Ethereum<\/a> for less than a dollar\ud83d\udc99<br>\u27a1\ufe0f<a href=\"https:\/\/t.co\/hL5HQ3Ba8w\" rel=\"nofollow\">https:\/\/t.co\/hL5HQ3Ba8w<\/a> <a href=\"https:\/\/t.co\/PQIb9jokFK\" rel=\"nofollow\">pic.twitter.com\/PQIb9jokFK<\/a><\/p>&mdash; Loopring\ud83d\udc99\ud83c\udff4\u200d\u2620\ufe0f (@loopringorg) <a href=\"https:\/\/twitter.com\/loopringorg\/status\/1504810566602399746?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">March 18, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p><p>Following the news, both GameStop\u2019s GME stock and Loopring\u2019s native token LRC have experienced a hefty increase in volume. Data from <a href=\"https:\/\/coinmarketcap.com\/currencies\/loopring\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-type=\"URL\" data-id=\"https:\/\/coinmarketcap.com\/currencies\/loopring\/\">CoinMarketCap<\/a> shows that LRC has gained over 40% in the last 24 hours.<\/p>\n<h2>GameStop To Bridge Gap Between NFTs and Mainstream Gaming<\/h2><\/p>\n\n\n\n<p>The gaming giant initially announced plans to collaborate with another layer 2 solution &#8211; Immutable X for its digital collectibles marketplace back in February 2022. The retail heavyweight also announced a $100 million fund in Immutable\u2019s native token IMX. Details from the announcement explained that the fund was geared towards supporting studios focused on developing NFT-based games.<\/p>\n\n\n\n<p>GameStop hopes to establish a presence in the <a href=\"https:\/\/en.ethereumworldnews.com\/nft-market-slumps-on-ethereum-and-solana\/\" target=\"_blank\" rel=\"noopener\">NFT<\/a> space with its latest digital product. The move could also drive mainstream adoption of blockchain technology in the multi-billion dollar gaming industry.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>GameStop, in partnership with Loopring, has the opportunity to cement itself at the forefront of this new NFT + gaming paradigm and become THE destination for new global digital economies.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>GameStop Taps Loopring layer 2 solution for NFT marketplace.<\/p>\n","protected":false},"author":55,"featured_media":569152,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[825,2,108339],"tags":[7002,108228,108182,108282],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/569145"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=569145"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/569145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/569152"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=569145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=569145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=569145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}