Loopring source code on Github confirms that Gamestop’s NFT marketplace is up and running

Loopring source code on Github confirms that Gamestop's NFT marketplace is up and running

Loopring source code on Github confirms that Gamestop's NFT marketplace is up and running By Daily EditorBitcoin

The leaked code shows that there is indeed an association between GameStop and Ethereum Layer 2 for the NFT market. Also, GameStop is looking for an NFT expert.

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The public repository of GitHub from Loopring has leaked a code that confirms the highly speculated association of GameStop with escalation protocol Ethereum Layer 2.

Last Friday, GMEdd.com and other outlets published clues that Loopring has evidence of technology that GameStop it would require to unite traditional e-commerce and blockchain and engineer the gaming revolution.

Also this week, GMEdd and Coindesk shared the latest job offers in the NFT area of GameStop, that detailed the interest in hiring experts in Web3.0, Blockchain Gaming and the market NFT.

Since then, Loopring has worked hard to prepare for the early launch of the team in Q4 2021 and has introduced a new code in your GitHub repository named “NFT function“.

GitHub It is a popular platform among developers that is generally used for version control. It is useful when more than one person is working on a project. Yes OK Loopring advanced towards the launch of NFT Marketplace, the updates were pushed to a public repository of GitHub. On Tuesday of this week, the developer of Loopring W. Tang sent the code to the repository of Loopring GitHub.

The “NFT function” code of Loopring reveals various references to GameStop, as indicated by the media GMEdd. Explain that the modified code in the “NFT-DEV” branch under the commitment of GitHub entitled “NFT Function” refers to “GameStopMeta” and a URL of IPFS.

IPFS it is a distributed system for storing and accessing files, websites, applications and data. It was observed that IPFS was used by GameStop earlier during the first reveal of his NFT project.

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The URL of IPFS resolves to a directory with 7 .json files containing the placeholder code “Hello World” in various graphic styles.

Hello world is a common sample text designed to familiarize users with most programming languages.

GameStop has used several stock images from “Hello World” as NFT placeholders, within an NFT collection titled “Styles of programming”.

Also found within the JSON files are references to “creatorRoyaltyBips “, worth “500”.

Beeps, also known as basis points, are a unit of measurement used in finance to describe the percentage change in the value of financial instruments.

A base point is equal to 0.01% (1/100 of a percent) or 0.0001 in decimal form.

A fractional basis point such as the 500 beeps referenced in the code equals 5%.

These findings, says the outlet, suggest that the NFT market of GameStop allow resale of digital assets, including the ability to pay royalties to the original creator in future transactions.

This aligns with the tagline revealed on NFT.GameStop.com in May, when the subject was first discussed.

GameStop NFT is based on EIP-1155

The code posted in GitHib reveals that GameStop NFT it’s based on EIP-1155, allowing the creation of fungible, non-fungible and semi-fungible tokens in a single token standard.

This allows the flexibility to create unique “non-expendable” items such as rare collectibles, artwork, in-game items, and “expendable” items such as in-game currency, points, or cosmetic items that may be owned by many people.

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The second reference of NFTType this EIP-712, a secure method to sign a transaction in Ethereum.

It is likely that GameStop do not make any conspicuous public disclosures about GameStop NFT until the project is finished. The complete application of the NFT Marketplace from GameStop and the types of assets that will be offered for trading remain unclear.

Loopring has revealed a release date “Sometime in the fourth quarter of 2021”, and the association appears interested in disrupting the $ 150 billion gaming industry.

After what GMEdd.com published the article with the disclosure, the public repository loopring-web-v2 and the IPFS bindings of Loopring they were removed, prompting their sources to point to archived versions. Can see all Screenshots with proofs here.

Since May

It is worth noting that in May we announced that GameStop had posted a new page associated with his new line of digital collectibles in the form of Non-fungible tokens (NFT). But at that time the page barely appeared as a space with very little content, where there were only a couple of images, a message aimed at people interested in working in this new direction, as well as a small video game called “Runner”, Similar to the one available in the browser Google Chrome when there are connection problems.

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It is worth remembering that Gamestop He starred in quite a scandal in January of this year when a group of Reddit fans sent shares soaring.

Sources: Gmedd, Coindesk, file

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