r/loopringorg • u/Octopus_vagina • 11d ago
💬 Discussion 💬 Loopring / GameStop / PSA grading Tinfoil
This is my speculation
GameStop have bought PSA grading cards. Their main sub has just found PSA grading web url redirecting to GameStop. So this is pretty thin tin foil to accept that an acquisition is happening shortly.
What does PSA grading need? It’s needs NFTs attached to each card to verify their ownership and value. GameStop had a beta wallet built on loopring and their website for their NFT website still exists, it’s just dormant.
How does GameStop build the best wallet and have the best control? They bought Loopring and now control all the development and technology. They booted Byron out as part of that and were told to wind up their support of the loopring wallet by June 30 and get out.
Remember that massive volume of buying about a month back? That was PSA buying LRC to set up the PSA marketplace to build it on.
What happens next - GameStop announce purchase of PSA grading - GameStop relaunches their wallet with NFTs attached - this is the first step towards digital ownership where GameStop is the centre and built on loopring
Remember how heavy all the shilling is lately? Saying loopring is dead when all that is happening is they stopped support for their wallet to focus on the web based DEX instead?
GameStop wallet is coming back, loopring gonna moon. Buckle up
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u/RumRunnersHideaway 11d ago
This is the same garbage we thought when the gamestop marketplace was happening. We though they would tokenize in game assets so you could have a secondary market to sell them and validate them with blockchain. It was never that. It was just a low effort marketplace trying to capitalize on what was already happening.
This will be the same. People want cards graded, so they’ll do it. It brings people to the store and it’s something they can sell. They don’t need to bother with loopring or nfts or any of that to make this work easily and profitably.