Loopring (LRC) rocketed higher, breaking into the $ 1.23 price level on March 23 with a jump of over 57% from $ 0.78 on March 22.
However, at the time of writing this asset was down 10% with the current trading value recorded at $ 1.12 but still maintained a jump of almost 29% in 24 hours and over 55% for a week period.
What led to this surge?
For information, the non-fungible token (NFT) market platform GameStop (GME) has officially released in beta on the Loopring protocol.
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 creators
Power to the collectors.#L222🌀https: //t.co/0gdvKLivfp
- Loopring💙🏴☠️ (@loopringorg) March 23, 2022
Through the status of the NFT platform which is still in beta, users will still be able to register, set usernames and profiles, including connecting wallets and making deposits.
Loopring Detail (LRC)
Is a layer-2 blockchain designed to address issues of speed and transaction costs in Ethereum (blockchain layer-1).
The presence of Loopring allows users to generate (mint) NFT on the network at a cheaper price by retaining the security features of Ethereum.
The news managed to bring in gains in GME shares, closing at $ 141 with a jump of over 14%.
For the record, since November there have been rumors linking the collaboration between GME and Loopring for a metaverse-related project.
In fact GME has also partnered with Immutable X (IMX) for the establishment of the NFT platform with the launch of a $ 100 million grant for game developers and creators.
