NFTs

Gamestop NFT – Gamestop Launch An NFT Marketplace

2 Mins read

Welcome to bulliscoming media, another notable project that’s been gaining much attention in the NFT space is the Gamestop NFT marketplace.

Recently, there has been a variety of companies transitioning into the world of NFTs by integrating their business with NFT – an example is the Nike brand.

NFTs is a digital asset running on blockchain that has been used to disrupt different sectors – it has been a major foundation for blockchain-based gaming and met averse. It is widely used because it enhances the uniqueness of an asset and authenticates its ownership.

In the traditional gaming industry, Players are not given the power to influence the industry or get rewarded despite their loyal contribution to this sector. NFT is a major asset that will change the narrative with the technology of blockchain through P2E gaming model.

Recently, GameStop has partnered with Loopring to integrate NFT into the video game industry, and it aims to be the destination for global digital economies.

Gamestop NFT Marketplace is built upon Loopring L2 – it enables users to receive the strongest digital property rights anchored by a secure, decentralized and credibly neutral environment like Ethereum. 

Loopring zkRollup is Layer 2 blockchain that inherits Ethereum’s self-custodial security while eliminating the high gas fees that always occur in the Ethereum blockchain.

Gamestop has initially partnered with Immutable X – of which over $100M was raised.

Users have been expecting the launch of the Gamestop NFT marketplace and the team has now launched the Beta version – whereby users can get early access by visiting the beta launch website, to set up a username and profile, make deposits, and be prepared for the full launch of the official marketplace.

According to a recent Medium publication, Loopring has built the rails for creators to deliver high-performance applications that rival the speeds and scalability of Web2, while also empowering users to receive provable ownership and control over their assets in Web3. These massive speed improvements and lower costs open up the design space for NFTs and gaming that were recently unimaginable.

 “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.” Said; Adam Browman!

Loopring is an Ethereum Layer 2 zkRollup protocol for scalable, secure exchanges & payments. Loopring builds non-custodial, high-performance products atop our L2, including the Loopring Wallet — a mobile Ethereum smart wallet, and the Loopring L2 web app — an L2 order book and AMM DEX.

Due to the large users base of Gamestop, Loopring is the best choice of blockchain for the development of the Gamestop NFT marketplace because it enables users to mint NFTs directly on Loopring L2 for fractions of the costs of minting on L1 (less than $1) while inheriting Ethereum L1 security.

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About author
Samson Olatinwo is a creative content creator, a young fellow that derives passion from creating insightful content about cryptocurrency and blockchain technology. A cryptocurrency analyst, trader & investor. samsonolatinwo3@gmail.com
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