Summary: Loopring officially announced GameStop NFT Marketplace (beta) is LIVE powered by their Layer2 protocol. Here is their announcement: We’re thrilled to announce that the long-awaited GameStop NFT Marketplace (beta) is now LIVE, with the full NFT Marketplace coming shortly, built atop none other than Loopring L2! It’s no secret that NFTs have become mainstream and ...

Loopring officially announced GameStop NFT Marketplace (beta) is LIVE powered by their Layer2 protocol. Here is their announcement:

We’re thrilled to announce that the long-awaited GameStop NFT Marketplace (beta) is now LIVE, with the full NFT Marketplace coming shortly, built atop none other than Loopring L2!

It’s no secret that NFTs have become mainstream and are quickly becoming the next frontier of gaming, and the future of digital ownership for unique digital goods and property.

However, currently too many developers, gamers, and users are priced out due to high costs. In order to truly return Power to the Players, access to this new paradigm needs to be fast, cheap, and secure for the masses.

GameStop, in partnership with Loopring, has the opportunity to cement itself at the forefront of this new NFT + gaming paradigm and become THE destination for new global digital economies.

To accomplish this, the new GameStop NFT Marketplace is built atop the second layer of Ethereum, specifically Loopring L2, to ensure that users receive the strongest digital property rights, anchored by a secure, decentralized, and a credibly neutral environment, like Ethereum. Loopring L2 inherits Ethereum’s self-custodial security while abstracting away costly gas-fees, leaving no one priced out.

As showcased here, you can now mint NFTs directly on Loopring L2, with all of the security you get from Ethereum L1, for costs of under $1, compared to the prohibitive costs of minting directly on Ethereum L1, which are up to 100x higher.

GameStop choosing to build on L2 first, bypassing L1 altogether, marks a huge step forward for the future of NFTs and an important moment for Ethereum scaling.

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 to create all sorts of new use-cases for NFTs + gaming that were unimaginable prior.

We believe that today marks an important inflection point for the entire NFT space, and we are excited to be a part of building the next frontier in gaming, digital ownership, and new digital economies.

About GameStop

GameStop Corp. is focused on offering games, entertainment products and technology through its e-commerce properties, marketplaces and stores. The Company offers a range of selection of pre-owned video gaming consoles, accessories, monitors, television (TV) and other consumer electronics and video game titles, in both physical and digital formats. The Company also offers a variety of POP vinyl figures, collectibles, and board games. The Company, through its buy-sell-trade program, gamers can trade in video game consoles, games, and accessories, as well as consumer electronics for cash or in-store credit. The Company’s geographic segments include United States, Canada, Australia and Europe. The Company’s consumer network also includes www.gamestop.com and Game Informer magazine.

About Loopring

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 orderbook and AMM DEX. To learn more, you can sign up for our Quarterly Update or see Loopring.org.