Rumors that Loopring is partnering with GameStop on an upcoming NFT marketplace have been reignited, following a large transaction on the network. On November 16th, a data tracker uncovered a deposit of 61.3 million LRC (worth $164.8 million USD at the time) on the Loopring Exchange.
While the rumors are mostly speculation at this time, building an NFT marketplace requires knowledge of Ethereum and Ethereum layer 2 solutions.
Loopring is an Ethereum L2 platform that integrates zkRollup to achieve very high speeds, settling 2,025 trades per second. Speculators believe that the fund from Loopring could be used to support a GameStop NFT marketplace.
Raking in ludicrous gains over the last few months briefly earned Shiba Inu (SHIB) a place in the top 10 largest cryptos. However, its position did not last long as whales began moving funds out of the meme coin, with more than $1.13 billion moved in single transactions.
Quoted from dailycoin.com
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