Last month, reports circulated that GameStop was partnering with Microsoft to launch its NFT marketplace. This has not been confirmed. In October, GameStop announced its multi-year strategic partnership with Microsoft.
Beta users will be able to access these “massive speed increases and lower expenses” and can make deposits before the main launch of the market, which is rumored to be coming quickly.
Related: GameStop plans to launch a NFT market after big Q4 losses.
GameStop announced a $100 million grant to game designers and developers after it partnered with Immutable X for its NFT marketplace. GameStop specified that Immutable was its first Layer 2 NFT integration to trade and minting in a Securities and Exchange Commission Report submitted January 28, 2022. Last month, reports circulated that GameStop was partnering with Microsoft to introduce its NFT marketplace. In October, GameStop announced its multi-year strategic partnership with Microsoft.
NFT-related announcements can have an influence on the price of GameStop shares (GME), which rose 15% to $141.35 per share today. LRC likewise experienced a 32% rate change at publication due to a sudden surge in trading volume throughout the last 24 hours.
GameStop confirmed their integration with Loopring, an Ethereum Layer 2 protocol that powers decentralized cryptocurrency exchanges. On Wednesday, Adam Browman (Looprings Head for Growth) announced that GameStops beta variation had ended up being live on Medium.
GameStop revealed a $100 million grant to video game designers and creators after it partnered with Immutable X for its NFT marketplace. GameStop stated that Immutable was its very first Layer 2 NFT integration to trade and minting in a Securities and Exchange Commission Report submitted January 28, 2022. Loopring would follow. Immutable X closed a $200 million round of fundraising, which increased the businesss value to $2.5 billion.
#NFTs future is here! Theyre powered #Ethereums 2nd layer Loopring x @GameStop Power for the players. Power to the creators Power to the collectors. #L 222https:// t.co/ 0gdvKLivfp.
— March 23, 2022, Loopring (@loopringorg).
Browman states GameStop is partnering with Loopring L2 to offer “fast, low-cost, and secure” digital ownership to the masses. GameStop will be at the “frontline of the new worldwide digital economies” and return power to gamers, collectors, and creators.
He described that users can now mint NFTs on Loopring L2 at “portions” the high gas-fees, which are less than $1, that arise from minting L1. Loopring zkRollup acquires Ethereum 1s self-custodial security so that its users “receive digital home rights at their greatest.”.