Did you forget? 15 Reasons Why Loopring is about to be the hottest thing on the market

"Most people give up just when they're about to achieve success. They quit on the one-yard line. They give up at the last minute of the game one foot from a winning touchdown." -- Ross Perot

There was a post today that inspired this one that I believe is complete FUD. One thing I have seen in this sub over and over again is 1) forgetfulness of tech, past events, information, and connections, and 2) FUD/lack of resiliency. I would like to remind you all of 15 items from 1) that may help remind you:

See commentary below this list for explanations

1. GameStop is releasing their NFT marketplace that is built on Loopring between now and the end of July, likely mid-July
2. This marketplace burns LRC, reducing supply and increasing value
3. The marketplace requires items to be bought in Ethereum or LRC, increasing demand for LRC tokens
4. Loopring is looking to soon launch their zkEVM
5. Loopring is looking to soon launch Loopring Earn, aka staking LRC
6. The GameStop partnership is nothing to scoff at. Here a list of confirmed partners, speculated partners, and creators who are inherited through partnership with ImmutableX: a. Confirmed: Microsoft, **Disney (including Marvel and DC), TikTok, Habbo, Pokemon, ESL, Illuvium (AAA game launching w/ marketplace release), Guild of Guardians, Ember Sword, Gods Unchained, Planet Quest, HRO, Book Games, Cyber Galz, Blocklords, IMVU, VF, VY World, Green Park, Token Trove, Kinguin, GET Protocol (NFL ticketing), G4TV, Skate of the Art (SOTA), Kongregate, and many NFT artists b. Speculated: Corvette, Snoop Dogg + other artists, LEGO, Puma, xQc related products (largest Twitch streamer), Adidas, Riot Games, Sea of Thieves, Nike and Nike's RTKFT, and lastly, Robbie from ImmutableX has mentioned that multiple AAA games are applying to sell through them / GameStop
7. Loopring is working (with GameStop) in conjunction with several other NFT / DeFi companies, which include 0x and Taiko, not including all of the various bridges for ramps.
8. Daniel Wang, ex-CEO of Loopring, previously stated that the unveiling of Loopring's involvement with GameStop (and whatever else is set to release) would be worth 10 quarterly reports.
9. Loopring has been shouting Be Your Own Bank for months and months now. They're targeting DeFi--they're working on something that is going to use smart contracts to bring DeFi applications to their wallet, or GameStop's, or some new application
10. Beyond the partners from point 6, the marketplace will inheriting assets listed for sale from all of ImmutableX's marketplace partners. This includes OpenSea, Rarible, HRO, NFTrade, OKX, and four others, not including GameStop's marketplace. This does not mean integration with those marketplaces, but rather a sharing of asset liquidity
11. Loopring's involvement with GameStop, once again, is monumental. This NFT marketplace will be the first multi-sector launch, featuring assets from 10 confirmed sectors, introducing the true utility of smart contracts on L2
12. Vitalik (co-founder of Ethereum) has name-dropped Loopring several times now for the tech. Similarly, GameStop's new wallet (built on Loopring) has already reached the top ratings for NFT wallets, and you can't even buy anything yet lol
13. GameStop has hired 200+ executives and directors / managers from the top tech giants. They are compensated mostly in stock, with minimal salaries compared to other executive / director level positions at the companies they came from. Similarly, Loopring employees are paid primarily in LRC. Both GameStop and Loopring executive / director level employees have not sold any of their stock / coins, and instead, several have increased their positions
14. In their 10-K form, GameStop's CEO Matt Furlong stated that GameStop intends to establish a larger cash position this year. We can infer from this that 1) They believe they are going to have profitable quarter(s) by EOY, which in turn means, 2) An increase in revenue of around 250 - 300 million at minimum per quarter, which we can infer would come from their NFT marketplace
15. As Ethereum upgrades to PoS and other upgrades such as sharding, Loopring / GameStop will be affected by increased transactions speeds. Currently, Loopring transactions rival that of Mastercard or other credit card companies. After Ethereum upgrades, Loopring will be 20x to 40x faster than traditional credit card companies

Commentary:

1. SOTA's most recent post revealed that their products are launching mid-July, so it would make sense that GameStop's marketplace will be launching by or before then.
2. Looking into burning and the tokenomics behind burn rates is an important factor which will affect LRC's demand. One good speculation into these tokenomics can be seen here:
3. No comment
4. The zkEVM is the zero-knowledge Ethereum virtual machine that is going to pair with zkRollups to allow smart contracts to be deployed much more easily. An article on this can be found here:
5. No comment
6. Gods Unchained alone has over 10 million NFTs. The launch of all of these products is looking to eclipse billions in trading volume within the first month of launch. If LRC is an option for trading, which it is, LRC is going to see a substantial increase in demand
7. Daniel Wang, ex-CEO of Loopring, has navigated to working at Taiko, which in turn is working with DApps and zkRollups for L1/L2 migrations. Seems like he's continuing to work with Loopring, but is just wearing a different hat. 0x works to aggregate liquidity to help power DeFi applications
8. The implication here is that this launch isn't going to result in LRC trading sideways. He is saying that this is really going to grab attention, hype-LRC holders, and really bring out a lot of information on what has been going on.
9. This could very well be why the reveal is going to be worth '10 quarterly reports'. There is a surprise factor here, along with what GameStop is doing with 'stealth-startups' [Ryan Kagy], like GME Entertainment, that is going to cause a splash.
10. It would be in the creator's best interest (the ones selling NFTs) to sell through a marketplace that boasts the lowest gas costs, the highest liquidity, and the best benefits. GameStop's marketplace will be running on Loopring, so they will have the lowest gas prices. GameStop's marketplace will have the highest liquidity--all assets sold within ImmutableX will be available through GameStop's marketplace, but not all assets sold through GameStop will be available on other marketplaces. The benefits of being a creator through GameStop is unknown right now, at least to the public. All of this also means that it is highly likely that NFT creators are going to flock to GameStop's marketplace, since they will hold all these advantages over competing marketplaces (and other advantages like security and the decentralization of Loopring)
11. These sectors include art, gaming, comics, physical products, ticketing, books, music, TV series, movies, and collectables / wearables, which are the confirmed sectors. There could very well be more companies or individuals from different sectors of the market that are also launching their products with this marketplace
12. I've watched many podcasts from Vitalik. He knows his stuff when it comes to blockchain, despite other wacky opinions on other subjects. His support of Loopring brings support from cryptocurrency communities
13. Ryan Cohen, Attal, and Cheng have increased their positions. It is unknown whether Loopring employees have increased their positions. Here's a post in regards to Loopring employees not selling their coins: post. It is speculative, but well-researched nonetheless
14. Furlong's exact words indicated that this build-up in cash position would come from operational cash flow, aka revenue from selling stuff. In order to build up your FCF, you need to not be losing money... and GameStop has been spending lots of money on SG&A and inventory such that they have been in the red. So, to build up that cash position, it requires additional revenue to exceed those expenses, or the expenses to go down. Considering GameStop has been hiring for the purposes of this new marketplace, SG&A isn't likely to go down, but inventory spending could. Regardless, the math would indicate that GameStop expects an increase of $200M to 350M (somewhere in that range) at minimum per quarter to account for taking home profits. This equates to $800M to $1400M per year in revenue from the marketplace. That money flow will be going through Loopring's tech and will facilitate the use of their coin.
15. An article on these upgrades: article. There's probably better articles/posts

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I've heard a lot of talk about bear markets that I also think is FUD. Growth can happen in bear markets, it is just a rarer event. For example, take Netflix. Netflix was able to do quite well during the 2008 recession, despite the economics of the time, which by the way, was outwardly a lot worse than it is right now. Cash is king, and GameStop and Loopring both seem to believe that this launch is going to position themselves very well moving forward. I tend to agree.

I have also heard various nonsense about BitCoin being 'connected' to Loopring in some way. I could see why major owners might sell or short coins at the same time, but if a large influx of people decide that LRC is a good coin to grab and LRC pumps 20%, 50% or 100%, I can tell you with certainty that BTC isn't going to also grow by 20%, 50%, or 100%. Don't be fooled into the conspiracies of TA. Fundamentals drives value, not the other way around. The LRC pump last year wasn't driven by fundamentals, rather it was by hype. Hype dies and fundamentals stay. So whatever happens upon this release, whatever legacy Loopring establishes as they begin to be used with these markets, that will define the new standard of trade.

Also, if you want sources on these things, I've got them. But you're going to have to find them if you're interested. I have a compilations of emails I have been writing on GameStop and Loopring (mostly). You can find this document here which has sources to the various partnerships, statements, and other events that I have talked about in this post

Most people give up when they're one foot from the finish line. Our 'one foot' is less than one month away. Don't be fooled by the distractions and people that say scary things but have no proof for it.

Disclaimer: This is not financial advice. I do own both GME stock and LRC. Do your own DD and invest at your own discretion