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.” The future of #NFTs are here + they're powered by #Ethereum's second layer💙 Loopring L2 x @GameStop Power to the players.Power to the creatorsPower to the collectors.#L222🌀https://t.co/0gdvKLivfp — Loopring💙🏴☠️ (@loopringorg) March 23, 2022 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.The post GameStop Beta NFT Marketplace Goes Live on Loopring appeared first on Cryptoknowmics-Crypto News and Media Platform.
