Latest Crypto Trading Standard : Loopring

Updated: Nov 24, 2021

Many of you may have probably heard about Loopring.

What is Loopring?

According to Loopring, it is a zkRollup layer2. It allows for high-throughput, low-cost trading and payment on Ethereum. Loopring is an open-sourced, audited, and non-custodial exchange and payment protocol. Nobody in the Loopring ecosystem needs to trust others. zkRollup assures assets are always under users' own control; 100% Ethereum-level security guarantees. Also, there will be no gas fees.

Its Founder and CEO, Daniel Wang, has also recently tweeted a Chinese Poem that I personally find intriguing:

My own interpretation is that the sword refers to his talent and he has been working hard for the past decade and he will unleash his sword and clean up evil and do justice to whoever that has suffered injustice. I wonder how he will execute this in time to come but I am glad to hear of this moral promise that an outstanding individual has made to the society. After all, we need more Batmans/Robinhood in the society right?

So what's the hype about?

I suppose with all the new protocol, Loopring will be a gamechanger in this space.

Also, Gamestop fans would have known by now that Loopring has been rumored to engage in a partnership with GameStop’s (GME) via integration with its NFT Platform. Gamestop has been publishing recruitment posts for NFT related posts in its career website

and it is no secret that Gamestop has also launched a NFT website here.

For those that hasn't notice, Gamestop has also incorporated a simple mini game for its fan on the website. Click on the tiny dot and it will bring you into the simple Bananya game.

Whatever it is, Loopring price has soared since its inception and garnered more attention.

Certainly something worth noting.

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