{"id":569164,"date":"2022-03-23T16:00:32","date_gmt":"2022-03-23T13:00:32","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=569164"},"modified":"2022-03-23T16:00:47","modified_gmt":"2022-03-23T13:00:47","slug":"gamestop-nft-marketplace","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/gamestop-nft-marketplace\/","title":{"rendered":"GameStop NFT Marketplace Beta Launches on Loopring"},"content":{"rendered":"\n<ul><li>The beta version of GameStop\u2019s NFT marketplace has gone live on Loopring L2.<\/li><li>The marketplace will use the zk-Rollup technology to power its transactions, allowing trades at low cost and high speed.<\/li><li>GameStop will focus on attracting developers and players to use its marketplace, with the aim of becoming a hub for digital economies.<\/li><\/ul>\n\n\n\n<p>GameStop\u2019s NFT marketplace, which has caused quite a stir in the crypto community over the months, has finally confirmed that it will be using Loopring L2. Loopring\u2019s Head of Growth Adam Browman made the announcement in a <a href=\"https:\/\/medium.loopring.io\/gamestop-nft-marketplace-powered-by-loopring-l2-6cdb9289d937\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">blog post<\/a> published on March 23, revealing that the beta version of <a href=\"https:\/\/beta.nft.gamestop.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">GameStop NFT Marketplace<\/a> had gone live.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img width=\"1024\" height=\"536\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/gameStop-nft-1024x536.png\" alt=\"GameStop NFT Marketplace\" class=\"wp-image-569169\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/gameStop-nft-1024x536.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/gameStop-nft-300x157.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/gameStop-nft-770x403.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/gameStop-nft-1536x804.png 1536w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/gameStop-nft-269x141.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/gameStop-nft-746x390.png 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/gameStop-nft-1376x720.png 1376w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/gameStop-nft.png 1582w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/figure>\n\n\n\n<p>Going with the tagline of <strong>Power to the Players<\/strong>, the collaboration will see the NFT marketplace of the popular game retailer use Loopring\u2019s L2 non-custodial DEX to power transactions. The AMM is based on the zk-Rollup technology, and can process up to 2,000 transactions per second.<\/p>\n\n\n\n<p>GameStop\u2019s NFT marketplace hopes to become the \u201cdestination for new global digital economies,\u201d as it puts it, with the integration. Users will be able to mint new NFTs directly on Loopring L2 for under $1, and Loopring celebrated the fact that over 1 million NFTs have been minted on it since it launched a month ago.<\/p>\n\n\n\n<figure class=\"wp-block-embed aligncenter 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>The integration will allow more developers, games, and players to join the market without the worry of high transaction costs and slow transaction speeds. This has been a major pain point for the market and has priced out many individuals and teams. Even <a href=\"https:\/\/en.ethereumworldnews.com\/blockchain-game-developers-are-connecting-bitcoins-btc-lightning-network-to-ethereum\/\" target=\"_blank\" rel=\"noreferrer noopener\">blockchain-based games<\/a> have struggled under heavy transaction loads.<\/p>\n\n\n\n<p>This is a major step forward for GameStop, which set the market alight last year when it was revealed that an NFT feature was arriving. The once struggling retailer has benefited from a community-driven push, and this may just be the first of many positive developments.<\/p>\n\n\n\n<h2>GameStop Finds New Life in Crypto Technologies<\/h2>\n\n\n\n<p>Ever since <a href=\"https:\/\/en.ethereumworldnews.com\/trons-justin-sun-joins-r-wallstreetbets-pledges-to-buy-10m-in-gme\/\" target=\"_blank\" rel=\"noreferrer noopener\">the GME incident<\/a>, which continues to be a phenomenon in the market, GameStop has been progressing positively. Crypto holders and gamers have taken to the retailer with enthusiasm and the foray into NFTs was met with a rapturous welcome.<\/p>\n\n\n\n<p>GameStop is shelling out up to <a href=\"https:\/\/www.businesswire.com\/news\/home\/20220203005549\/en\/GameStop-Selects-Immutable%E2%80%99s-Liquidity-Solution-for-its-Gaming-Focused-NFT-Marketplace-Parties-Launch-Up-To-100-Million-Fund-To-Advance-High-Impact-NFT-Gaming-Projects#:~:text=GameStop%20are%20also%20creating%20an%20up%20to%20%24100%20million%20fund%20dedicated%20to%20providing%20grants%20to%20game%20developers%20and%20studios%20to%20build%20on%20Immutable%20X%20and%20the%20NFT%20Marketplace.\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$100 million<\/a> to fund game developers who use the marketplace. While there haven\u2019t been many releases yet, the popularity of NFTs means that it could turn into something that does have a wide-reaching impact.<\/p>\n\n\n\n<p>The gaming industry is currently deliberating the use of NFTs, with companies like <a href=\"https:\/\/news.ubisoft.com\/en-us\/article\/6as5XUADxpbBblHxFVhhzg\/ubisoft-quartz-what-you-need-to-know\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Ubisoft<\/a> already working with it. Others are not so keen, and there has been a backlash from some parts of the gaming community about the utilization. Still, the industry seems to be interested in changing the revenue model, and NFTs tentatively showcase themselves as a solution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The beta version of GameStop\u2019s NFT marketplace has gone live on Loopring L2. The marketplace will use the zk-Rollup technology to power its transactions, allowing trades at low cost and high speed. GameStop will focus on attracting developers and players to use its marketplace, with the aim of becoming a hub for digital economies. GameStop\u2019s NFT marketplace, which has caused quite a stir in the crypto community over the months, has finally confirmed that it will be using Loopring L2. [&hellip;]<\/p>\n","protected":false},"author":52,"featured_media":569173,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,108339],"tags":[108228,108407,108408,108406,108182],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/569164"}],"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\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=569164"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/569164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/569173"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=569164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=569164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=569164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}