GameStop has confirmed its integration with Loopring (LRC), an Ethereum Layer 2 zkRollup protocol designed for powering decentralized cryptocurrency exchanges, into their highly anticipated NFT marketplace. Adam Browman, Loopring’s Head of Growth, announced on Medium on Wednesday that the beta version of GameStop’s marketplace had gone live.
Loopring L2 x @GameStop
— Loopring☠️ (@loopringorg) March 23, 2022
According to Browman, GameStop, in partnership with Loopring L2, aims to provide “fast, cheap and secure” access to digital ownership for the masses. They intend to give power back to the players, creators and collectors with GameStop at the “forefront of these new global digital economies.”
He explained how users can now mint NFTs directly on Loopring L2 for “fractions” of the costly gas-fees that tend to result from minting on L1, approximately less than $1. The Loopring zkRollup inherits Ethereum L1’s self-custodial security to ensure that its users “receive the strongest digital property rights.”
Beta users will get access to these “massive speed improvements and lower costs” and start making deposits ahead of the the full launch of the official marketplace that is reportedly coming soon.
GameStop recently partnered with Immutable X (IMX) for its NFT marketplace and announced a $100 million grant for game creators…