It has been rumored for a while that GameStop will open an NFT marketplace. It has been determined that the beta version of the expected platform has been released and is built on Loopring. This news was provided via Loopring’s Medium post. Following the news, Loopring’s altcoin project LRC saw a surge. Here are the details…
GameStop prefers Loopring: Altcoin LRC surges
Loopring, a layer-2 scaling project, shared in a recent post that the long-awaited GameStop NFT Marketplace (beta) is now operational and built on Loopring L2. “GameStop, in partnership with Loopring, has the opportunity to be at the forefront of this new NFT and gaming paradigm and stay in focus for new global digital economies,” states Medium.
Loopring L2 eliminates expensive gas fees while inheriting Ethereum’s self-custodial security. After the announcement in question, the LRC experienced an increase of close to 40 percent. While the coin was trading at $ 0.80 in the morning, it rose to a high of $ 1.18 during the day. At the time of writing, it is trading on the green board, albeit retracing to $1.15.
GameStop’s NFT journey
Despite GameStop’s mixed fourth-quarter financial results, video game retailer crypto enthusiasts made an announcement. The firm’s financial results included an announcement that the highly anticipated NFT market is expected to launch “at the end of the second quarter of fiscal 2022.” This gave GameStop until June 30 to keep its promise.
cryptocoin.com As we reported, the gaming company’s stock made headlines in 2020 as one of the primary assets fueling the “meme stock” craze in financial markets. Other stocks, including Blackberry, AMC Theaters, Nokia and Bed Bath & Beyond, rose as rookie investors poured money into these stocks. With this momentum, some of these companies have focused on the crypto space. GameStop’s upcoming NFT launch is an example, the AMC Theater chain has also started accepting crypto payments, including Dogecoin, for ticket sales. They even offered free NFTs to shareholders.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.