Is loopring partnering with GameStop?

Loopring (LRC), a Decentralized Exchange (DEX) that utilizes zkRollups, just took a significant step toward mass accessibility, thereby paving the way for a potential partnership with GameStop ( NYSE:GME ). As a refresher, Rollups are a Layer 2 (L2) solution that aggregates and processes transactions outside of Ethereum’s main blockchain.

Could loopring take off without a meme stock connection?

Loopring has the same qualities that make some cryptocurrencies genuinely useful, and stands a good chance of growing in value during the next few quarters. A GameStop alliance or merger might accelerate that process, but Loopring could well take off even without a meme stock connection. Rhian Hunt owns shares of Dogecoin.

What is loopring & how does it work?

Loopring is a program designed to work on top of Ethereum’s blockchain (a layer 1, or base, blockchain). This means that Loopring seeks to make the experience of using Ethereum faster by processing elements of Ethereum transactions on its own network. You can think of it as creating a side road off the main highway to help ease congestion.

What is a GME & how does it work?

The GME is a private agreement concluded between companies that wish to collaborate on the performance of a contract, which they could not have pursued alone. It has no legal personality and the contractual relationship between the parties exists only for the duration of the specific project.