GameStop’s Bold Step into the NFT Universe
GameStop has officially partnered with Loopring to integrate their Ethereum layer-2 zk-Rollup protocol into a highly anticipated NFT marketplace. This move promises a fast, cheap, and secure way for users to engage with the burgeoning world of digital ownership. Adam Browman, Loopring’s head of growth, broke the news in a Medium post, revealing that the beta version of GameStop’s marketplace is already live!
Power to the Players and Creators
According to Browman, this partnership aims to empower everyone involved in this digital economy—players, creators, and collectors. Loopring’s integration allows users to mint NFTs for a fraction of the cost associated with the traditional Ethereum layer (less than $1 in gas fees!). Now that’s what we call a steal! Who knew digital ownership could be so affordable?
Benefits of Using Loopring L2
- Massive Speed Improvements: Users can enjoy a faster experience that makes minting NFTs a breeze.
- Secure Transactions: Leveraging Ethereum L1’s security ensures robust digital property rights.
- Lower Costs: Say goodbye to crippling gas fees that used to haunt your wallet!
What About the Full Launch?
Beta users can now access deposits ahead of the grand launch of the official marketplace, which is expected to roll out soon. And let’s face it, there’s never too much excitement when it comes to NFTs, especially with GameStop leading the charge.
GameStop’s NFT Journey So Far
GameStop’s journey into the NFT space doesn’t end with Loopring. Last January, the company announced a partnership with Immutable X, designed specifically for trading and minting NFTs. This comes after a substantial $100 million grant aimed at supporting game creators and developers, because who doesn’t love a good incentive?
Market Reactions and Future Outlook
As a cherry on top, GameStop’s stock surged by 15% to $141.35 per share based on the excitement surrounding NFT announcements. Meanwhile, Loopring’s trading volume soared by a whopping 32%. If this isn’t proof that NFTs have a tangible impact on the market, we don’t know what is!
