Gamestop Launches NFT Marketplace on Loopring
2 min read

GameStop Launches NFT Marketplace on Loopring (LRC)

By News Desk

GameStop has launched a beta version of its highly anticipated non-fungible token (NFT) marketplace on the Loopring (LRC) blockchain, sending LRC parabolic in the process.

First announced last year, GameStop aims to bring fast, cheap, and secure NFT trading to the masses, addressing the issue of most regular developers and gamers being priced out of the market.

In a blog post, head of growth Alex Browman says Loopring’s zero-knowledge (ZK) rollups combined with Ethereum’s inherent self-custodial security eliminates the costly gas fees and “leaves no one priced out.”

Last month, GameStop announced it was partnering with Immutable X to provide up to $100 million worth of IMX tokens for grants to creators of NFT content and technology. Immutable X also became a layer-2 partner and platform for GameStop’s NFT marketplace.

Image via Shutterstock

Loopring, an Ethereum-powered, Merkle Tree-based protocol with some centralized features exploded on news of the new marketplace, running from $0.85 to above $1.20 within a couple of hours.

Currently, the marketplace is in beta with limited features and can be viewed here.

According to Loopring, one million NFTs have already been minted using its blockchain since it was enabled less than a month ago. LRC is currently priced at $1.17 and ranks at #65 according to CoinMarketCap. As per the market’s response, Loopring’s partnership no doubt has further bullish implications on LRC as the marketplace will presumably spark higher demand for its layer-2 wallets.

Newsletter Inline

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

Latest Posts

Trader Joe Review
Trader Joe Review 2022: Complete Guide to the Top DEX on Avalanche
Trader Joe Review

Trader Joe Review 2022: Complete Guide to the Top DEX on Avalanche

July 2, 2022 30 min read
Huobi Global Review
Huobi Global Review 2022: Good Exchange with DEEP Liquidity
Huobi Global Review

Huobi Global Review 2022: Good Exchange with DEEP Liquidity

June 29, 2022 37 min read
FTX vs FTX US Review
FTX vs FTX US: Which one is BEST for You?
FTX vs FTX US Review

FTX vs FTX US: Which one is BEST for You?

June 27, 2022 14 min read
Bancor Review
Bancor Review: Impermanent Loss Protector?
Bancor Review

Bancor Review: Impermanent Loss Protector?

June 22, 2022 15 min read
Bridge Mutual Review
Bridge Mutual: Insurance for your Crypto
Bridge Mutual Review

Bridge Mutual: Insurance for your Crypto

June 22nd, 2022 22 min read
Serum Review
Serum Review: Solana’s One-Stop DeFi Toolbelt
Serum Review

Serum Review: Solana’s One-Stop DeFi Toolbelt

June 16, 2022 17 min read
Raydium Review: Solana’s DeFi Liquidity Mammoth

Raydium Review: Solana’s DeFi Liquidity Mammoth

June 11, 2022 17 min read

Related Posts

Trader Joe Review
Trader Joe Review 2022: Complete Guide to the Top DEX on Avalanche
Trader Joe Review

Trader Joe Review 2022: Complete Guide to the Top DEX on Avalanche

July 2, 2022 30 min read
Huobi Global Review
Huobi Global Review 2022: Good Exchange with DEEP Liquidity
Huobi Global Review

Huobi Global Review 2022: Good Exchange with DEEP Liquidity

June 29, 2022 37 min read
FTX vs FTX US Review
FTX vs FTX US: Which one is BEST for You?
FTX vs FTX US Review

FTX vs FTX US: Which one is BEST for You?

June 27, 2022 14 min read
Bancor Review
Bancor Review: Impermanent Loss Protector?
Bancor Review

Bancor Review: Impermanent Loss Protector?

June 22, 2022 15 min read
Bridge Mutual Review
Bridge Mutual: Insurance for your Crypto
Bridge Mutual Review

Bridge Mutual: Insurance for your Crypto

June 22nd, 2022 22 min read
Serum Review
Serum Review: Solana’s One-Stop DeFi Toolbelt
Serum Review

Serum Review: Solana’s One-Stop DeFi Toolbelt

June 16, 2022 17 min read
crypto com
Crypto.com Exchange Review 2022: A World-Class Crypto Exchange
crypto com

Crypto.com Exchange Review 2022: A World-Class Crypto Exchange

June 14th, 2022 30 min read