- GameStop NFT marketplace’s beta version is currently available, while marketplace’s official release is anticipated to be rolled out soon.
- GameStop, in collaboration with Loopring L2, targets to offer swift, inexpensive and safe accessibility to virtual ownership.
- There are talks circulating in the air regarding possible collaboration of GameStop with Microsoft for NFT MArketplace.
GameStop Unites With Loopring L2
GameStop has affirmed that they are joining forces with Ethereum L2 zk-Rollup protocol, Loopring (LRC), customized to fuel decentralized digital asset exchanges, in their much awaited NFT marketplace.
Head of growth at Loopring, Adam Browman, made an announcement on Medium that GameStop’s beta version of marketplace is live now.
The future of #NFTs are here + they're powered by #Ethereum's second layer
Loopring L2 x @GameStop
Power to the players.
Power to the creators
Power to the collectors.#L222— Loopring
As per Browman, GameStop, in collaboration with Loopring L2, is looking to offer secure, quick and cheap accessibility to virtual ownership for masses. They want to give control back to gamers, collectors and creators with GameStop at vanguard of these latest international virtual economies.
He elaborated that folks now are able to mint NFTs directly on Loopring L2 for ‘fractions” of expensive gas fees which tends to result from minting on L1, almost lower than $1.
Loopring zk-Rollup inherits Ethereum layer 1’s self-custodial safety to make sure that folks gets the best virtual property rights.
Beta users will have accessibility to these huge speed improvements and lesser costs, and commence making deposits ahead of entire release of official marketplace which will be on table soon.
Merger With Immutable X
GameStop had already joined forces with IMX (Immutable X) for its NFT marketplace, and declared a $100 Million grant for game devs and creators. GameStop had said in a SEC report filed on 28th January this year, that Immutable was the initial L2 merger for minting and trading, whose trail will Loopring follow.
Recently, Immutable X agreed upon a $200 Million fundraising round, which took organization’s valuation to $2.5 Billion.
Reports regarding GameStop joining forces with Microsoft for its NFT marketplace were also in the air just previous month but no confirmation is out there yet by either of the organizations. GameStop initially made an announcement regarding multi year strategic collaboration with Microsoft during October 2021.
Announcement associated with NFTs tend to influence GameStop share value, which surged from $77.62 to $179.91 at the time of writing. Similarly, Loopring (LRC) was trading at a market value of $1.26, down by 1.34% in previous 24 hours.
Source: https://www.thecoinrepublic.com/2022/04/13/gamestop-beta-version-of-nft-market-driven-by-loopring-l2-operational-now/