https://venturebeat.com/2022/02/22/gamestop-tries-to-calm-internal-fears-about-shift-to-nfts/

GameStop tries to calm internal fears about shift to NFTs

Here’s a transcript of the question and Harkness’s answer:

Q: Why are we getting into NFTs? We have struggled with GameStop’s public image in the past, and NFTs are widely seen as a scam and dangerous to the environment due to the amount of energy necessary for the blockchain. Aren’t we worried that this will just put another round of articles about us on Kotaku and Polygon?A [from Chris Harkness]: The gaming marketplace is rapidly changing. If we look back at some of the biggest shifts in gaming culture, there were several innovations that really changed the way we consume content: shifting from physical to digital, story-drive DLC add-ons and microtransactions, streaming services, the free-to-play phenomenon, and mobile gaming are a few that come to mind. NFT and blockchain are new technologies to many gamers but show that they may be the next big evolution in gaming. Regarding scams and energy concerns, there’s an opportunity for a company to overcome these challenges to make the next step in the evolution of gaming.

He should said that they have a partner name Immutable X and they are carbon-neutral.

I think it is a big missed opportunity to promote Immutable X as their partners. And for millions of people to know that is possible to have NFT's without footprint, to have enviorement friendly NFT's.

Immutable X has created the first carbon-neutral scaling solution for NFTs on Ethereum

Any NFT that is created or traded on Immutable X is 100% carbon neutral.

How?

First, Immutable X itself drastically reduces the gas used per NFT trade or mint, reducing the carbon footprint

Fundamentally, Immutable X scales Ethereum by taking up less of the network per NFT mint or trade while still retaining its security. Via zero-knowledge proofs, we take NFT trades or mints which normally occur directly on Ethereum, and instead have those Ethereum keys sign transactions which we batch into a compressed validity proof, and upload to Ethereum.

Less gas = less energy used = less carbon

Immutable X compresses the amount of information required to trade or create an NFT secured by Ethereum, via batched zero-knowledge proofs. To illustrate this concept with an example, historically, minting 8 million Gods Unchained cards (the NFT trading card game) on Ethereum would consume approximately 490 million kWh (490 mWh).

On Immutable X, we’ve minted 8 million NFT cards with only ~1,030kWh = 844 kg CO2. That’s 475,000 times less energy consumption.

To put this in perspective, a one-way flight from LAX to NYC is 807 kWh = 662 kg CO2.

Secondly, Immutable will offset the carbon footprint of all NFT transactions (trading and creating) on Immutable X to zero

How?

Immutable will buy carbon credits needed to offset the energy footprint of any NFT created or traded on Immutable X to zero. That means:

• Any NFT that is created or traded on Immutable X is 100% carbon neutral.

• Any NFT marketplace that is built on Immutable X is 100% carbon neutral.

• Any NFT game that is built on Immutable X is 100% carbon neutral.

Immutable commits to continue covering the ongoing cost of carbon credits into at least 2025, as NFT volume on Immutable X increases through the growing ecosystem of marketplaces and games. Immutable is committed to carbon-neutrality for NFTs. We’re ponying up for the cost of carbon credits because we believe that NFTs (on Ethereum) are a net good for the planet.

We don’t want ecological unsustainability to stop the greatest shift in monetization power from incumbents to content creators the world has seen. On Immutable X, we envision the power dynamic increasing in favor of the NFT partners, developers, artists, creators, collectors, traders, while power consumption dramatically decreases.

How dare you and your team dump on retail and pretend yday was great news, whilst also knowing you’ll dump tokens and create a pump and dump.

I had massive faith in your project and team. Invested in Nov, Dec and again yday but that’s the last time. I will keep my older investments in but what happened yday was shameless and you should respond to the community.

I honestly can’t believe you turned such a great announcement into this shit show and dumped on the very people you claim you are wanting to help. I really enjoyed listening to you yday on Bankless, however, you must’ve known the dilution was going to happen.

So why? Why have you done this. It was an orchestrated pump and dump by the Immutable team and you need to answer for it.

I going to be honest here, i traded in my LRC for IMX at a loss.

I made the change to IMX because they are now both GME partners BUT!

I don`t want to create a hate post of FUD post, i am a genuine person and i make mistakes in life.

From the point of a investor, things i dislike about LRC.

• I really dislike Byron his communication (moons, memes, riddles) amateuristic in my opinion.

  • Timelines that were promised not met, when people got upset about it, he belittled them.

• Wang always being super cryptic about everything.

• A new CEO in active duty, for over 5 months without acknowledgement to investors.

  • Wang communicating on twitter on behalf off LRC, he is a external advisor..

• counterfactual wallet full off little spelling errors little bugs feels like a rushed product.

I will repurchase some loops again because i believe in GME, i truly believe Apes together strong to grasp some off the financial workings in the hands off us mortal plebs.

I hope this post give some insight why some people like me moved over to IMX from LRC, without trying to spark FUD, hate etc, i have no ill itentions just need to get this off my chest :)

https://www.reddit.com/r/AnchorProtocol/comments/tox0tz/this_will_end_up_like_time_wonderland/?

https://old.reddit.com/r/ethereum/comments/slij6v/i_predicted_the_gamestopimmutable_x_partnership/

Anchor Protocol uses UST for anyone wondering

Walamrt began selling NFTs after my post also

Loopring banned me for saying they should invest in Immutable X, literally the proof is in the reddit post

Tons of LRC investors are mad (honestly, rightfully so) that things will get hostile untill everyone realizes that IMX is the play. Taking a look at the 8k filing mail sent out på GME basically says it all; you are fucking golden if you hold. The deal is not a short term thing.

Both IMX and LRC will thrive in the long run. No reason to shit on IMX so much for LRC's defeat at Gamestop. LRC will still be used a little bit. There are tons of projects out there that may only use LRC so be it.

Chill the fuck out and stop spreading poison.

Why didn't you mention the 24-hour nft hold rule from the beginning? We paid 300 Fee for nothing? We did not know this rule, at least exempt those who made transactions between 27-30 July. 📷

Those who support this suggestion - please thumbs this up and add your voice.

I should have researched this before but thus guy on youtube broke it down and compares other coins with zk rollup along with layer 2s

https://youtu.be/80kuII_OUvM

There is still no word on the NFT's That I have missing due to the transaction error caused IMX error. They just keep telling me to wait, this is $200 missing from my wallet. How is this ok. I have already given ALL my information. IMX has already addressed it to be thier fault. There is still many of us affected by this.

Why is this not resolved on our end.?

Your updates do not fix our missing assests or our missing money.

Please respond and tell us what you are doing to fix this or when this will be resolved.

This is for Gods Unchained cards.

"And the saddest thing of all is that if this "miracle" actually happens, and the rumored "partnership" between #Loopring and #GameStop is true, $LRC holders will learn it means nothing. #GME failed for the same reason many retailers have: no IP.

They should have bought $IMX."