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Jafrin Ahmed
Mar 24, 2022
by Jafrin Ahmed

GameStop Beta NFT Marketplace Goes Live on Loopring

GameStop NFT marketplace
Video game retailer GameStop has officially announced the launch of its NFT marketplace in beta, powered by layer-2 solution Loopring. Since the NFT marketplace is powered by an  Ethereum scaling solution, users would enjoy security along with lower gas fees.

GameStop NFT Marketplace Beta Version Now Live

According to an announcement post on Twitter, the Ethereum layer 2 protocol Loopring has teamed up with GameStop to launch the beta version of its NFT marketplace.

Adam Browman, Head of Growth at Loopring revealed that the full version would arrive shortly. He also explained how users can now mint NFTs directly on Loopring L2 for "fractions" of gas fees or approximately less than $1.

In addition, zkRollup scaling solution inherits Ethereum L1's self-custodial security to ensure that its users "receive the strongest digital property rights."

Following the news, both GameStop’s GME stock and Loopring’s native token LRC have experienced a surge in volume. Data from CoinMarketCap shows that LRC gained over 40% in the last 24 hours after the announcement was revealed.

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GameStop Beta NFT Marketplace Goes Live on Loopring
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.