Fun

Gamestop Beta NFT Marketplace Launches, Platform Leverages Loopring’s ZK-Rollup Tech

News Feed - 2022-03-24 06:03:30

Gamestop Beta NFT Marketplace Launches, Platform Leverages Loopring"s ZK-Rollup Tech


On Wednesday, the head of growth at Loopring, Adam Browman, announced that the recently teased Gamestop NFT marketplace has launched its beta version using Loopring’s layer two (L2) technology. Browman says that with Gamestop’s new NFT marketplace leveraging Loopring’s ZK-rollup technology, the platform “inherits Ethereum’s self-custodial security while abstracting away costly gas-fees, leaving no one priced out.” Gamestop Reveals NFT Market Built With Loopring’s L2 Tech


During the last few months, the video game retail giant Gamestop has been hinting at a non-fungible token (NFT) marketplace launch. Last month, Gamestop revealed a partnership with Immutable X and revealed a $100 million NFT fund. Now according to the team from the Ethereum L2 project Loopring, the beta version of Gamestop’s NFT market called beta.nft.gamestop.com is now live. The announcement was revealed by Loopring’s head of growth, Adam Browman on March 23. Browman’s blog post announcement states: [With the new marketplace] built atop Loopring L2, ensures that users receive the strongest digital property rights anchored by a secure, decentralized and credibly neutral environment like Ethereum. The beta.nft.gamestop.com web portal.


Browman further remarked that users can gain early access to the website and set up a username and profile. Furthermore, Loopring’s head of growth noted that users can also “make deposits and be prepared for the full launch of the official marketplace coming soon.”


“We believe that today marks an important inflection point for the entire NFT space, and we are excited to be a part of what’s to come,” Browman added. Loopring Speculation Comes to Fruition


Meanwhile, statistics on March 23 show that the median sized fee to transact with ethereum (ETH) is $2.15 per transaction, according to l2fees.info. Onchain Ethereum network fees to swap a token today, costs around $10.74 per transaction. Loopring, on the other hand, is one of the cheapest L2 methods to send ether, as it currently costs $0.07 per transaction to use Loopring according to l2fees.info. Swapping a token with Loopring costs $0.75, which is 93.01% cheaper than the median-sized data transfer fee of $10.74 to swap coins onchain.


There was a lot of speculation that Gamestop would be working with Loopring at the end of November, 2021. At the time, a Canadian reporter asked Loopring’s CEO Daniel Wang about the Gamestop speculation. After the reporter told Wang that there’s been “a lot of rumors about a potential partnership with Gamestop” and then asked the CEO if the “potential deal” was legitimate, Wang replied: I cannot comment on that. Tags in this story Adam Browman, Daniel Wang, data transfer fee, Ethereum, GameStop, Gamestop Loopring, Gamestop NFT market, Gamestop NFT Platform, Gamestop NFTs, GME, L2, Layer two, Loopring, nft, NFTs, Non-fungible Token


What do you think about Gamestop teaming up with Loopring and the new NFT marketplace launch? Let us know what you think about this subject in the comments section below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Crypto.com Chosen as an Official FIFA World Cup Sponsor NEWS | 14 hours ago Paris Saint-Germain Soccer Club Files Trademark Application to Get Into the Metaverse and NFTs NEWS | 18 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleiExec Launches iExec Portal, a New Interface to Involve and Reward the Community Next articleFed Chair Powell Says Crypto Needs New Regulation Citing Risks to US Financial System Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItBinance Now Fully Licensed by Central Bank of Bahrain to Offer Crypto Services


Cryptocurrency exchange Binance has announced that it has received a full license from the Central Bank of Bahrain. "The crypto asset license will allow Binance to provide crypto-asset trading, custodial services, and portfolio management to customers under the supervision of ... read more.US Justice Department Returns Stolen Bitcoin to Victim of Government Imposter Scam Robert Kiyosaki Predicts End of US Dollar — Says War Giving Rise to Crypto as Safer Haven Than Fiat Money Elliptic Identifies "Several Hundred Thousand Crypto Addresses" Tied to Russia-Based Sanctioned Actors President Zelenskyy Signs Ukraine’s Law ‘On Virtual Assets’

News Feed

Price analysis 4/5: BTC, ETH, BNB, SOL, XRP, DOGE, ADA, AVAX, TON, SHIB
Rakesh Upadhyay6 hours agoPrice analysis 4/5: BTC, ETH, BNB, SOL, XRP, DOGE, ADA, AVAX, TON, SHIBBitcoin remains locked in a battle near the $69,000 mark, which may extend for a few more days.2474 Total views3 Total shar
Brayden Lindrea4 hours agoSEC’s Gary Gensler believes AI can strengthen its enforcement regimeThe Securities and Exchange Commission chair highlighted market surveillance and other instances where agency staff could be
Trump-themed token RTR dumps 95% after son denies link to token
Ciaran Lyons2 hours agoTrump-themed token RTR dumps 95% after son denies link to tokenThe Donald Trump-themed memecoin “RTR” plunged 95% after Eric Trump warned they have nothing to do with it.951 Total viewsListen t
Tom Blackstone3 hours agoLazarus used ‘Kandykorn’ malware in attempt to compromise exchange — ElasticLazarus members posed as engineers and fooled exchange employees into downloading difficult-to-detect malware.891
This Company Sets Out to Prove Crypto Mining Has a Place in Your Home
This Company Sets Out to Prove Crypto Mining Has a Place in Your Home Hotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mi
Portugal Prepares to Tax Crypto Gains at Rate of 28%, Draft Budget Unveils
Portugal Prepares to Tax Crypto Gains at Rate of 28%, Draft Budget Unveils Authorities in Portugal intend to impose a levy on gains from short-term crypto investments with the stat
SUI Price Nears $2.82 Resistance – Is A Breakout Imminent?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Turner Wright8 hours agoBankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entitiesTerraform Labs claimed that the failures of its algorithmic stablecoin and governance token were the result of a
370K nodes on HyperCycle could combat AGI threat to humanity
Andrew Fenton4 hours ago370K nodes on HyperCycle could combat AGI threat to humanityA new ledgerless blockchain is connecting AI agents around the world and, one day, hopes they will combine into artificial general intel
Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments
Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency PaymentsMore than 2,500 merchants in Austria can accept three types of cryptocurrencies via the payment processor Salaman
Meet Ordinals, the New Bitcoin NFT Engine, and the Drama Surrounding Them
Meet Ordinals, the New Bitcoin NFT Engine, and the Drama Surrounding Them Ordinals, a new way of using and getting content using Bitcoin, are enabling creators to harness the utili
Crypto mixing is ‘not a crime,’ says CryptoQuant CEO
Zoltan Vardai12 hours agoCrypto mixing is ‘not a crime,’ says CryptoQuant CEOThe arrest of the founders of Samourai Wallet led to widespread concerns in the crypto community that the U.S. government was attempting to