T O P

GameStop is obviously going to be using ethereum for their blockchain but obviously they will not be using layer 1 but something on layer 2. I was researching and I think it might be loopring due to who is head of blockchain at GameStop but wanted to see if anyone else had any insight?

GameStop is obviously going to be using ethereum for their blockchain but obviously they will not be using layer 1 but something on layer 2. I was researching and I think it might be loopring due to who is head of blockchain at GameStop but wanted to see if anyone else had any insight?

Franciscjr415

GME’s head of blockchain technology is Matt Finestone, former director at LoopRing. I would also assume they would be using LoopRing https://twitter.com/finestonematt?s=21


sarawrash

Yesss see glad we’re on the same page lol


sliverman69

Hmm…that’s definitely interesting. Glad I picked up some loopring already for other reasons. If true, that could mean a sudden spike in loopring value. I may need to increase my loopring position


sarawrash

When I found this out I immediately went and bought lol


Lumpy-Answer1933

How would you feel if GameStop used crypto to tokenize their shares? Or offering an NFT dividend. Fascinating that you can fractionalize an NFT


sarawrash

It’s a cool idea


Full-Interest-6015

Matt Finestone retweeted that “stocks are fractionalized NFTs” on July 4th. Loopring is launching a marketplace for someone in Q4 this year apparently if you read their blog section.


Kilgour_Bass

That would be GameStop too, according to some of the other subs


OnePrettyFlyWhiteGuy

Where did you guys buy? I only have a small amount of ETH, and it will cost me a lot to purchase LRC on Loopring Exchange due to to the deposit fee to Layer 2. Should I just use UniSwap instead? Just don’t want to use ShitBase or anything like that


BigPoodler

> ShitBase LOL!


sarawrash

You can buy on coinbasepro


mar0x

Ding ding. Perfect. Thanks, sorry for other comment lol. Loopring bout to go brrrr af


YoloRandom

Binance and FTX offer it, dont they?


DigitalG7

Sir, there’s something on your chin 😂


innovationcynic

Just did


Dao-of-farming

Another one added to my small bag lol


JCStuff_123

Look in the link. It is a great writeup why it should be looping :) [here](https://www.reddit.com/r/Superstonk/comments/pki107/the_glass_castle_new_game/?utm_medium=android_app&utm_source=share) Edit: guys give the awards to the guy who wrote it not me please. Thanks


pukekho

Thank you for this


mattwayne1209

I see you're a man of culture


JCStuff_123

Hello fellow primates.


totoallytom

I see you're a friend of rick?


Francis46n2WSB

You must also be a friend of Keith then.


MrKoreanTendies

Only from spades


Tagayugyog

Wow just wow. Thank you for this!!!


pcakes13

Came here to post what this guy did. I’ve been picking up LRC over the past week or so as a speculative moonshot because of this news. Figure the worst that can happen is I hold long enough to break even on it at some point during a pump.


sarawrash

This is exactly my thought process too!


gomisego

While this is a strong indicator, I feel that Optimism/Arbitrum/Boba are really the only useable Layer 2s right now, and are more likely at this point. Loopring is based on ZKrollup which doesnt have EVM compatibility and a big issue in adoption. Smart contracts on ZKrollup are still one year away. While you can transfer and swap assets, you can't do much else. You really need all DEFI tools to make a robust ecosystem. Nobody is going to want to mint NFTs on a Layer 2 that doesnt already have a robust ecosystem. Optimism/Arbitrum/Boba are all based on Optimistic Rollup which has EVM compatibility and are ready for adoption and use.


edwinbarnesc

What if I told you gamestop is not only creating an NFT using layer 2 but also creating a marketplace to sell these NFTs? 🤯


Laffingglassop

https://www.reddit.com/r/Superstonk/comments/pki107/the_glass_castle_new_game/?utm_medium=android_app&utm_source=share


Laffingglassop

^this is a recent, highly upvoted and awarded thread of gme investors going nuts figuring out it will be on loopring


sarawrash

Ooo thanks I’m gonna check it out ❤️


Laffingglassop

Theres a link in the very beginning of that post, which is essentialy part 1. You may want to start there.


sarawrash

Lol lord we some damn detectives in this space


co-oper8

Yeah Superstonk is often intense investigative journalism. It's pretty impressive sometimes!


quartersndimes

Sometimes they get things wrong as they dig, but the determination over at superstonk is unrivaled.


Laffingglassop

And sometimes we get it right but end up wrong in the end because the hedgies change something mad that we got it right lol


quartersndimes

Yeah I think it's a combo of them changing tactics and some people being wrong on certain things. Either way it doesn't matter, GameStop is so over short it would take a act of god to get the shorts out cleanly.


Laffingglassop

Its been a fun ride thats forsure. And any ethereum holders would be silly to hate. Their nft teaser is what got me into ethereum subs and buying some ethereum(though im talking i have a 3 digit number of ethereum but tens of thousands worth of gme)


ErrlRiggs

Non-fungible tokens give way to legitimate ownership of digital games/media. If GameStop issues a NFT dividend, the hypothesis is that Wallstreet will not be able to counterfeit shares to cover thier bad bets. Thusly, GME shares money glitch to the moon


Arpeggioey

Like being able to print money for war, all of the sudden soldiers don't take dollars.


YoloRandom

This!


CalKhal

The Glass Castle is probably the best DD I've read in the last 6 months. Well worth the time it takes to read the previous posts linked in it


Lumpy-Answer1933

Gme shares could be tokenized? NFT fractionalized and given out as dividend? Entire team of GameStop working in blockchain? Earnings call/ filings point towards transition from retail company to tech company? What tech do you believe this would be if not tokenization and making a market for NFT?


Full-Interest-6015

Matt Finestone Retweeted “stocks are just fractionalized NFTs” on July 4th.


Lumpy-Answer1933

So what your saying is, the GameStop team is already on board and recognizes the potential independence and real ownership capabilities of mating a token with it’s issued security?


ndest

To me it looks that’s the plan.


Still_Lobster_8428

I think they are a LOT further along then that.... That is just 1 facet of the future I think they are already building. Blockchain is I think going to be an integral part of their business model is several ways and also control their share issuance (which will see a transition in ALL companies share issuance!) If we are looking for a catalyst to see blockchain launch into mainstream domination, this saga around GME might just be that catalyst!


aime344

I actually wanted to link to that, good job😊


JCStuff_123

Yes this is the way, spread the education :)


GerbiJosh

I like how their ETH address has 1337 in it.


sarawrash

Does that have any important significance?


GerbiJosh

It's a gamer thing. 1337speak Just an Easter Egg in the address.


sarawrash

Oh that’s interesting. I didn’t know that I’ll have to look into that.


ashtonlaszlo

L337(LEET) is from the “pwn” era when “tryhards” ruled the battlegrounds. My toon was so “op” back then.


meastd_0

Ahh memories....☺️


sliverman69

Memories? I still use 1337-speak occasionally.


meastd_0

Haha. I do as well, but only around people I know understand.


Gothmog_LordOBalrogs

*1337?! That's the combination on my luggage...*


sliverman69

You really are a spaceball, you know that, don’t you?


gruntinvalhalla

Oh CS beta. Those were the days.


BurgerFoundation

That means compushare now


SeaWin5464

just got my first CS shares!


Gh0st_Pirate_LeChuck

The good days when I was actually good at competitive games haha


ashtonlaszlo

We’ll always have those memories, my friend. They can’t take that away from us. I mean, until they can that is.


aruapost

Kekw


EhukaiMaint

Don’t forget “BK” for “Bad Kid”


ashtonlaszlo

Lol I’ve never heard that one. Is that good “bad” or bad “bad”. Hit me with an example use.


Pseudorealizm

Homie on top needs to kick this bk randle from the lobby!


ashtonlaszlo

Lmao. Love it.


baxx10

Goes way further back than that lol.


ashtonlaszlo

Maybe that was just when my gaming career peaked lmao.


Keldraga

Did you have a level 19 nightelf rogue twink too?


ashtonlaszlo

I’m pretty sure we all did at one point.


[deleted]

Rawr


Wolfos9

Leet it's for old people gamers like me haha (early 30s)


sarawrash

Lol well I’m 28! But I was more of a PlayStation girl not PC


Wolfos9

That's probably it! I don't even remember what games it was popular on for chat. Probably WOW or something


sarawrash

I played WOW for the free trial and I’m glad back then I couldn’t afford the subscription. That game is addicting as hell 😂


salty_adult

Not to mention 1337x.to is one of the best (public) torrent sites out there. :)


BurgerFoundation

Oh yeah I forgot about that


Yonix06

Yes it does. 1337, l33t, leet, elite.


Darthgangsta

So crazy to see people not knowing what 1337speak is. I feel old af now


sarawrash

Haha I’m sorry 😂


evade26

1337 420


production-values

1337 420 in fact


Visible-Ad743

Ethereum has given us defi and NFT’s. It’s time for something new to boom. I know we have axie infinity but I have a feeling this shit about to go crazy. Let the games begin! $ETH on!


sarawrash

You think axie is competing with Eth?


Visible-Ad743

I didn’t say competition. I’m referring to gaming in general. IMO is the next big thing. I mean its already happening but hasn’t had the boom defi had last year and NFTS are still having this summer but its coming.


sarawrash

Hmmmm


Visible-Ad743

Axie is played on the ethereum blockchain. Anyway. My bet is on all things metaverse specially gaming. This is not financial advice.


sarawrash

I’ve heard the same


Lumpy-Answer1933

What if ethereum was used to tokenize securities?


Visible-Ad743

Should ask the SEC.


SullyCCA

Yesss I hope the GME apes all buy ETH now and will forever HODLING it cause it to boom just like their stock did


DiamondHndsForever

We have and will continue to. I'm early on my DCA journey but ETH is my largest bag. Loving being a part of this.


worriedaboutyou55

Once GME moons I will. Some of the rich apes prob already have a lot of eth. I have some ETH but not alot. I'll buy more after the memestock moon


Arpeggioey

GME would be sucking the dollars out of the stock market through the NFT dividend, inflating ETH as it happens. I'm betting on a simultaneous stonk/nft squeeze


MrKoreanTendies

You're probably right


Still_Scallion4343

"Did". It hasn't even begun


ItsssYaBoiiiShawdyy

Exactly, thank you.


AmericanPatriot117

See you on the moon


MajorBonesLive

I have way more invested into GME but I am also staking for ETH 2.0 because this is the way.


cat_fondu

Same here ma dude!


MrKoreanTendies

This is the way


TheyBanMeForBadWord

I bought some Loopring for this very reason


sarawrash

Same here!


Key_Function_1118

Where did you buy?


greatgoogelymoogely

In their contract address they've got a bunch of "gme" tokens. Anyone else find the runner game on that webpage?


sarawrash

Whatchu mean?


greatgoogelymoogely

If you click the little dot on that page it brings you to a game.


Jaycray95

My two favorite investments in 1 ❤️


CalKhal

This is the way


cryptolipto

Immutable X is my guess since they’ll be focused on NFTs


sarawrash

Yeah I know OMI (veve) and open sea are going to use that


cryptolipto

I guess well see…


sarawrash

Yes we shall


elbowleg513

Yooo! OMI homie!! I came here from one of the GME subs and I never get to talk about OMI with anyone! We’re gonna be so fucking rich off this shit dude.


sarawrash

Lol yessss I’m super bullish on OMI. People are sleeping on it. It’s gonna pop out of no where. Wish I had more money to put in it though.


daronjay

Yes, this is why I bought some LRC a few days ago.


sarawrash

Same here!


YoloRandom

Samesies. It aint much but its honest work. Will DCA from here


Dangerous_Forever640

Ethereum level 2 is still bullish for eth.. 👍


sarawrash

Yes it is !


Marinatr

Lots of evidence pointing to LRC. I swooped some too like others on this thread.


sarawrash

Nice hopefully will be ahead of the news when it hits


hehehexd13

What’s LRC?


kamratjoel

LoopRingCoin


irving_tx

Damn ima scoop some up


sarawrash

I did


raffiegang

Ideally they use a solution that can be deployed in a blockchain agnostic way. If your goal is speculating a la hausse , the least risk in this play is to go long ETH, not loopring. Longing loopring based on the thesis that gamestop will use that as its layer 2 solution is imo a very uncertain assumption.


sarawrash

Good point


BurgerFoundation

My insight is gamestop will be worth more than etherium short to mid term. Either way pretty cool


sarawrash

Nice


robotfightandfitness

It doesn’t have to be “on” loop ring, it can utilize a bunch of L2’s etc The excitement is about having positions brought public attention by issuing their NFT to share holders as a clause triggered by regulators not maintaining the legacy finance ‘laws’ Perhaps I’m missing your point?


Ahnoyd

I think it’s lrc it makes sense this could be a really good opportunity I’m going balls deep


sarawrash

It makes sense to me too


Ahnoyd

Let’s do it Sarah balls deep together


sarawrash

Lol balls deep wow


LiiVE2RAVE

Even if L2 is used, the L1 network will still profit, right? I mean it cant be bad for ETH when L2 solutions work with very low fees, right?


southernodyssey

Correct. L2s will have to settle with L1 eventually, they just do it in big efficient chunks.


Buyatdipandhold

*Informs the boys over at WSB, gets banned for mentioning crypto*


sarawrash

Lol does that really happen?


Buyatdipandhold

Mentioning crypto is bannable offense I’ve no idea why maybe they don’t want sub to be overrun with shitcoin shillers


ItsssYaBoiiiShawdyy

Hmm tough, tough decision…get some ETH and get a respectable return in several months/years or…buy 1 GME and be a multi-millionaire very very soon. It’s a bold strategy cotton, let’s see if it pays off for em!


oldmanjasper

> get a respectable return in several months/years or…buy 1 GME and be a multi-millionaire very very soon Right, because months is too long, whereas GME has been about to moon "very very soon" for...a year now?


ItsssYaBoiiiShawdyy

8 months, yep. In terms of legacy investing, 1 year is nothing. Apes also have a ton of legit evidence behind their thesis as well. Not something bears can say. The world will see In good time I’m sure. Not meaning to ruffle any feathers here. Edit: Yall don’t think some the richest most powerful people in the world would let it happen easy right? Not after 08. It was always gonna take a while.


Purple_Improvement56

Buy and HODL GME if you want in on the NFT/token


NewportMentholShorts

Ahhhh good to see the good word finally spreading out of superstonk


soulwriterrr

There are a lot of fluff and memes there(that definetly scares off typical investors). But if you ignore that, then the people posting hardcore dd there are pretty serious.


dusernhhh

This. It's 99% garbage memes and fluff, then 1% golden information.


PaulDavison

Love ethereum. Love GameStop. Smart to own both.


sarawrash

🙌🏻


3for100Specials

Loopring you say? I might know a thing or two about that. I'll just leave this here 👍 https://www.reddit.com/r/Superstonk/comments/pki107/the_glass_castle_new_game/?utm_medium=android_app&utm_source=share Edit: Well then, I probably should've scrolled a bit. Seems someone beat me too it, how wonderful. 🚀💫


vimotazka

they'll probably use loopring. Their head of blockchain was the head of loopring


sarawrash

Yup


Boots0235

Say no more. Buying Loopring now.


sarawrash

#NFA


ProvincialPromenade

Loopring now allows you to mint NFTs on L2 and then withdraw them to L1. So to me, this is exactly what Gamestop wants to do with NFTs for games. https://loopring.org/#/post/loopring-now-supports-nfts-on-l2


gomisego

For reference, you can already do this on L2s that are based on Optimistic Rollups, so I would say Optimism/Arbitrum/Boba have a better shot. L2s based on ZKrollup like Loopring are hard to adopt and integrate right now because they dont have EVM compatibility. No smart contracts means no DEFI.


ProvincialPromenade

Thanks for the perspective. I have OMG but not LRC anyway.


gomisego

Frankly, if GME was going to tie NFTs to games, then OMG/Boba makes more sense. They are utilizing hybrid compute - tying network to quantum computing for mutating degenerative NFTs https://twitter.com/quantumVerd/status/1433209933571534849?s=20


Darthgangsta

As someone who holds a lot of GME and a lot of ETH. Fug yes


sarawrash

Right 🙌🏻


blutsch813

I love this thread. Ready Player One anyone?


WanttoPokesmOT

Um yea OP go read the Glass Castle DD 1 and 2 shits on point and paints a clear picture. On r/superstonk or another GME sub


Still_Lobster_8428

Great to see this finally getting some traction in the crypto space! I think everyone in the crypto space should make some effort to grasp what has been going on around GME and what people have exposed..... the cross overs with the crypto space are multiple and exciting! First things first, I am 100% invested in crypto! I did not (until very recently) have a single investment outside of crypto, all my saving and spare money goes straight into crypto as fast as I can transfer it! So I came to this from a crypto perspective and STILL have that same perspective! And what I have come across is AMAZING from a crypto perspective! I'll give a VERY basic overview of GameStop's possible plans around utilising NFT technology but encourage anyone that even has a passing interest to head over to the Superstonk sub and check out the link near the bottom of my comment. There are 3 leading theories around this (go check out the Superstonk sub for more in depth discussions). 1 - NFT based marketplace tied to digital games. The NFT is the vehicle that has ownership of the digital copy of the game. That NFT can then be traded/sold and the ownership of the game transfers with it. This would fit perfectly with GameStops existing business model of being a marketplace for 2nd hand physical games.... just moving that business model into the digital era. Also opens up a GameStop marketplace for other "in game" objects. (this theory for me is highly likely) .................... The following 2 are more tied to the $GME share saga. If you don't know about this its WELL worth your time to head over to the above mentioned sub and read some of the fantastic research many people have put together..... because it has some MAJOR cross-overs with crypto (I was 100% in crypto, zero traditional shares or investments and I started seeing repeating patterns in crypto markets that sent me search for an explanation..... that lead me to the above mentioned sub and some pretty big eye openers about hedge funds and their already substantial investments PRIVATELY in the crypto space. More on that later) .................... 2 - NFT based dividend. Unsure what form this will take but its an idea being floated a lot and it ties back to the failure of the DTCC and their failure to maintain the integrity of the share issuance for GameStop and stopping the illegal creation of synthetic shares used to sell short the company. Usually what has happened in the past when a company has been naked shorted and the company issue's a dividend, they only issue if for the actual float of shares the company has issued. So let's say there is 100 shares in total and the company pays a $1 dividend so the company issues $100 in total. Now, in this example hedgies have been bad and participated in the practice of naked shorting. They have created a further 400 synthetic shares that have been sold into the market and if the dividend isn't paid to those 400 share holders..... then the scam will be exposed! So all they have traditionally done is pay the $1 dividend themselves and no one is any the wiser. Because its fiat, they can "counterfeit" the dividend with zero troubles. This is were a NFT based dividend is a game changer. It can't be counterfeited as its on the blockchain. Only 100 NFT's for the 100 shares for the companies share float would be issued by the company. That then puts the hedgies in the position that they can't counterfeit the dividend and will be exposed for their illegal naked shorting. GameStop doing this is a possibility..... 3 - NFT based share issue. This I think is GameStop's CEO's ultimate goal. The existing DTCC system has proven itself 100% corrupted repeatedly with 1000's of public companies and their shares. When the GME naked shorting finally gets exposed wide spread its going to cause a complete loss of trust in any sort of perceived integrity in the current DTCC system. This might happen immediately when GME blows up but I'm betting it will take a little longer to seep through all markets and market participants. Regardless, what's going on in GME is going to be the catalyst for the existing share trading system to loose ALL integrity in the eyes of market participants. This is where NFT based shares come into play. Each share is by its nature already unique. Every share issued by a company has a unique share number. The problem has been the system they used for digital share trading is easy to circumvent and create "synthetic" shares (counterfeit) and then hide that criminality. But with BLOCKCHAIN, that changes the WHOLE landscape! So each unique share will be "owned" by a unique NFT which will act as the vehicle to carry that share ownership. Each NFT transaction is then recorded on the blockchain creating a immutable record of when it was bought and sold, who owns it and most importantly how many in TOTAL exist at any point in time! This is GAME CHANGING! If GME successfully do this, it will create an entire new system of share issuance and share trading that is secure, fair and TRUSTLESS! Companies world wide will be desperate to issue their shares in this way and it will fundamentally change the way shares are traded! This is blockchain tech being implemented at the HEART of the entire financial system! Not waiting another 10yrs, not hoping to get mainstream adoption sometime in the future..... If this happens, BLOCKCHAIN WILL BE MAINSTREAM! That opens the door WIDE open for the crypto space! If GME plays out like its certainly looking like its going to play out, we might be looking at the catalyst that triggers the whole world to transition rapidly to blockchain based technologies! For those interested, someone compiled a library of all the research MANY people have done around this issue and it is an informative read. Even if you have ZERO interest in traditional markets and shares, the cross overs with the crypto space are IMO important and valuable to grasp... [Superstonk Library of DD ](https://fliphtml5.com/bookcase/kosyg) I for 1 want to be a part of ending the corrupt and criminal financial system and firmly see the future as 1 filled with blockchain and crypto. I didn't sell any of my crypto but I did take some fiat and bought some GME shares and then Direct Registered those shares with ComputerShare which forces REAL shares to be located in the DTCC system and taken out which really fucks the criminal naked shorts! I really think this thing needs to be spread far and wide in the crypto space! It is tied into crypto already in multiple ways and I think its largely being ignored. I hope some of you spend the time to sift through it and if you see the same things I see, please spread the word! This is potentially a major catalyst for the entire crypto space! TL;DR - Go back and read it, its something we all need to at least know about. But if not - Rampant criminality in the existing financial markets is about to be exposed, NFT and Blockchain technology is going to be the game changer! Plus a lot of other crypto related cross overs.


EEE_Call

GME and ETH holder here! love to see this post here ❤️


TheRealNotaredditor

Controversial opinion here. I predict them using the cosmos SDK


drivedown

GameStop is using NFT for digital goods trading?


heizungsbauer89

Interesting 🧐


Bkeeneme

I do worry about the PRC implications and their view of crypto atm. I am not sure how that factors into things but it something I wonder/worry about - let me know if I am off base and why.


BabydollPenny

Hope y'all got your bags of eth. It's gonna hit 10k by en of next year...that is if these guys don't rape Crypto to pay for their losses. Which it seems we been having happen already. Robbing peter to pay Paul..what a bunch of pricks. Can't take their hit...gotta screw the others so as to not loose $.greedy bastards ROT IN HELL


SecureRun2582

Latinum ;) maybe?


StartsAndEnds33

Nice


castironmop

Yeah obviously GameStop is obviously gonna do that it’s just so obvious doesn’t even matter that much obviously but it’s obviously the best.


sarawrash

Obviously


Feeling_Ad_411

That’s one way to do a true share count, NFT for each share. Booya!


[deleted]

[удалено]


sarawrash

It honestly took me days to even figure out how to actually use a photo of myself instead of the avatar 😂