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Loopring (LRC) Price Soars By 42% Following Gamestop (GME) Partnership

Loopring (LRC), a decentralized exchange (DEX), announce that the GameStop NFT marketplace built on Loopring L2 is now live. However, this will be the Beta version as the full marketplace will be launched shortly. Responding to the news, the LRC token’s price has seen a surge of whooping 42%.

Mint NFTs cheaply with L2

The Metaverse and NFT marketplace are evolving as a new face of the internet. This has led them to become the meeting point of gaming and digital ownership of unique virtual goods and property.

Loopring believes that many users, gamers and developers are priced out due to high costs. To keep players in the power, this new world needs to be fast, cheap, and secure for the customers. It also mentioned that GameStop’s partnership with LRC has the potential to cement itself in this new digital era of gaming and NFTs.

Loopring L2 ensures that GameStop NFT Marketplace users receive the strongest digital property rights, anchored by a secure, decentralized, and a credibly neutral environment, like Ethereum.

Recently, the protocol revealed that over 1 million NFTS have been minted on it since the launch. LRC makes sure that the cost for minting on L2 will be under $1 compared to the minting directly on Ethereum L1.

LRC’s 24-hr trading volume jumps by 285%

The latest updates and announcements have sent LRC to the moon. The token is up by over 42% in the last 24 hours. While. Its 24-hour trading volume of $1,332,545,472 jumped by more than 285%. The Loopring coin is trading at an average price of $1.19, at the press time.

A huge surge has helped the coin to land into the top gainers among the biggest 100 cryptocurrencies. According to CoinMarketCap, LRC is placed at the 65th spot with a market cap of over $1.3 billion.

Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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