{"id":160187,"date":"2022-07-12T03:03:38","date_gmt":"2022-07-12T03:03:38","guid":{"rendered":"https:\/\/precoinnews.com\/?p=160187"},"modified":"2022-07-12T03:03:38","modified_gmt":"2022-07-12T03:03:38","slug":"gamestopgme-releases-public-beta-nft-marketplace","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/gamestopgme-releases-public-beta-nft-marketplace\/","title":{"rendered":"Gamestop(GME) Releases Public Beta NFT Marketplace"},"content":{"rendered":"
Remember Gamestop?\u00a0<\/p>\n
Yes, the infamous Gamestop(GME) where Redditors in the WallStreetBets subreddit came together for a war against hedge funds and caused the ultimate short squeeze that saw shares run-up to a 2500% return.\u00a0<\/p>\n
Even Michael Burry from the movie, The Big Short, was in on the action.<\/p>\n
Today they released their\u00a0 GameStop NFT marketplace out as a public beta!<\/p>\n
The brick-and-mortar retailer pivoted to the digital gaming space during the pandemic, and we are finally seeing the results of that move.<\/p>\n
Gamestop\u2019s NFT Marketplace is running on the Ethereum blockchain via the Loopring Layer 2 Scaling solution that uses ZK-Rollups to process off-chain transactions, allowing for scalability and low-cost transactions.<\/p>\n
They also have a partnership with Immutable X providing $100 million dollars to fund high-level projects from studios, developers, publishers, and content creators.<\/p>\n