{"id":470704,"date":"2021-09-02T18:00:05","date_gmt":"2021-09-02T18:00:05","guid":{"rendered":"https:\/\/wncen.com\/?p=470704"},"modified":"2021-09-02T16:26:03","modified_gmt":"2021-09-02T16:26:03","slug":"croissant-how-nfts-boost-ethereum","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/croissant-how-nfts-boost-ethereum\/","title":{"rendered":"Only In Crypto: A Croissant Breaks Down How GameStop &amp; NFTs Will Boost Ethereum"},"content":{"rendered":"<p>On a strong bullish momentum, Ethereum records a 17% profit in the past week trading north of its levels before May\u2019s crash. At the time of writing,<a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-stages-major-rally-4k\/\" target=\"_blank\"> ETH stands<\/a> at $3,782 with a 6.7% profit in the daily chart.<\/p>\n<figure id=\"attachment_470738\" aria-describedby=\"caption-attachment-470738\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-470738 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Ethereum-ETH-ETHUSD.png?resize=860%2C495\" alt=\"Ethereum ETH ETHUSD\" width=\"860\" height=\"495\"><figcaption id=\"caption-attachment-470738\" class=\"wp-caption-text\">ETH on a rally in the daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/a4lKch7J\/?symbol=BITSTAMP%3AETHUSD\" target=\"_blank\" rel=\"nofollow\">ETHUSD Tradingview<\/a><\/figcaption><\/figure>\n<p>The second cryptocurrency by <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-holds-key-support-46500\/\" target=\"_blank\">market cap has been outperforming Bitcoin<\/a>. The price of BTC seems stuck in the $48,000 to $52,000 range and, should it sustain these levels, ETH could continue to benefit in the short term.<\/p>\n<p>Investment firm Delphi Digital <a href=\"https:\/\/twitter.com\/Delphi_Digital\/status\/73841414\" target=\"_blank\" rel=\"nofollow\">claimed<\/a> that ETH has broken out of a \u201cMulti-year long-term wedge\u201d, as seen in the chart below. Since funding rates across derivates are low, the firm expects Ethereum to push further into its previous all-time highs.<\/p>\n<figure id=\"attachment_470737\" aria-describedby=\"caption-attachment-470737\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-470737 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Ethereum-ETH-ETHUSD.jpg?resize=860%2C457\" alt=\"Ethereum ETH ETHUSD\" width=\"860\" height=\"457\"><figcaption id=\"caption-attachment-470737\" class=\"wp-caption-text\">Source: Delphi Digital via Twitter<\/figcaption><\/figure>\n<p>Pseudonym analyst CroissantETH has found evidence that suggests a potential new bullish catalyzer event for Ethereum. This theory is supported by<a href=\"https:\/\/wncen.com\/sponsored\/dogecoin-perspectives-and-gamestop-incident\/\" target=\"_blank\"> GameStop (GME)<\/a> launching their NFT platform back in July 2021.<\/p>\n<p>GameStop and AME Entertainment (AMC) were the companies that saw a massive rise in their stocks\u2019 prices as a large inflow of retail investors bought it in 2020. Now, GameStop is trying to preserve its newly acquired value. They are trying to become the \u201cAmazon of Gaming\u201d.<\/p>\n<p>Therefore, why the company is integrating Ethereum based NFTs. The Croissant expects that GME will \u201conboard millions of users to the network this way\u201d. The analyst <a href=\"https:\/\/twitter.com\/CroissantEth\/status\/72195841\" target=\"_blank\" rel=\"nofollow\">added<\/a>:<\/p>\n<blockquote><p>Even more interestingly though, is just how seriously they are taking this next step\u2026 As said by the Principal Engineer of GameStop, they are aiming to become the \u201cbridge between the old and the new \u2014 traditional \u201clegacy\u201d ecommerce and the next generation of blockchain.\u201d<\/p><\/blockquote>\n<p>To achieve its goal, GameStop has hired \u201chighly skilled smart contract developers\u201d, such as a SushiSwap contributor \u201cfoobar\u201d. The company could use a non-custodial solution called Hodlberg Financial, user-friendly and low cost in terms of transaction fees.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Hodlberg Financial.<\/p>\n<p>Hodlberg is a non custodial solution which allows users to attest cryptocurrency wallet balances into a single, convenient token.<\/p>\n<p>It can also save tons on gas costs via message signing<\/p>\n<p>This design could be particularly useful for GameStop\u2026 \ud83d\udc40 <a href=\"https:\/\/t.co\/KVjtIImwR7\" rel=\"nofollow\">pic.twitter.com\/KVjtIImwR7<\/a><\/p>\n<p>&mdash; \ud83d\udc68\u200d\ud83c\udf73.eth (@CroissantEth) <a href=\"https:\/\/twitter.com\/CroissantEth\/status\/91771648?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>GameStop Turns To Ethereum To Evolve<\/h2>\n<p>At the high of the GME and AME mania, the most useful platform to trade these stocks, RobinHood, restricted users from buying and selling them. The Croissant believes that GameStop has turned to Ethereum due to that incident.<\/p>\n<p>The company knows its shareholder-based, young people with a potential taste for cryptocurrencies and digital assets, and it\u2019s trying to harvest that as part of its strategy. This is why it has been consolidating partnerships with Hasbro, Xbox, and possibly e-sports teams.<\/p>\n<p>The new advancements in the ENS sector with the integration of DNS, the Croissant said, will bring more corporate <a href=\"https:\/\/wncen.com\/nft\/visa-nfts-promising-means-engage-with-the-fans\/\" target=\"_blank\">adoption of NFTS<\/a>. Therefore, it will create a new opportunity for GameStop and Ethereum:<\/p>\n<blockquote><p>(\u2026) the result of what I\u2019ve described &amp; the opportunities it creates are endless. It\u2019ll bring millions of eyes to $ETH with even big companies being able to easily deploy their intellectual property in a verifiable, *understandable* manner. This is huge.<\/p><\/blockquote>\n<p>The gaming industry, as proven by the Axie Infinity case, could greatly benefit from NFTs, digital ownership, and the play-to-earn model. NFTs could be the answer for content creators, and for consumers, and a powerful bridge for Ethereum to enter the mainstream:<\/p>\n<blockquote><p>(\u2026) you all can tell that GameStop is preparing to take the gaming industry by storm with NFTs on $ETH. Both the gaming and blockchain ecosystems go hand in hand, and they are not the only ones who see it coming.<\/p><\/blockquote>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-learn-to-trade-crypto-trading\/\">New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On a strong bullish momentum, Ethereum records a 17% profit in the past week trading north of its levels before May\u2019s crash. At the time of writing, ETH stands at $3,782 with a 6.7% profit in the daily chart. The second cryptocurrency by market cap has been outperforming Bitcoin. The price of BTC seems stuck in the $48,000 to $52,000 range and, should it sustain these levels, ETH could continue to benefit in the short term. Investment firm Delphi Digital claimed that ETH has broken out of a \u201cMulti-year long-term wedge\u201d, as seen in the chart below. Since funding rates across derivates are low, the firm expects Ethereum to push further into its previous all-time highs. Pseudonym analyst CroissantETH has found evidence that suggests a potential new bullish catalyzer event for Ethereum. This theory is supported by GameStop (GME) launching their NFT platform back in July 2021. GameStop and AME Entertainment (AMC) were the companies that saw a massive rise in their stocks\u2019 prices as a large inflow of retail investors bought it in 2020. Now, GameStop is trying to preserve its newly acquired value. They are trying to become the \u201cAmazon of Gaming\u201d. Therefore, why the company is integrating Ethereum based NFTs. The Croissant expects that GME will \u201conboard millions of users to the network this way\u201d. The analyst added: Even more interestingly though, is just how seriously they are taking this next step\u2026 As said by the Principal Engineer of GameStop, they are aiming to become the \u201cbridge between the old and the new \u2014 traditional \u201clegacy\u201d ecommerce and the next generation of blockchain.\u201d To achieve its goal, GameStop has hired \u201chighly skilled smart contract developers\u201d, such as a SushiSwap contributor \u201cfoobar\u201d. The company could use a non-custodial solution called Hodlberg Financial, user-friendly and low cost in terms of transaction fees. Hodlberg Financial. Hodlberg is a non custodial solution which allows users to attest cryptocurrency wallet balances into a single, convenient token. It can also save tons on gas costs via message signing This design could be particularly useful for GameStop\u2026 \ud83d\udc40 pic.twitter.com\/KVjtIImwR7 &mdash; \ud83d\udc68\u200d\ud83c\udf73.eth (@CroissantEth) September 1, 2021 GameStop Turns To Ethereum To Evolve At the high of the GME and AME mania, the most useful platform to trade these stocks, RobinHood, restricted users from buying and selling them. The Croissant believes that GameStop has turned to Ethereum due to that incident. The company knows its shareholder-based, young people with a potential taste for cryptocurrencies and digital assets, and it\u2019s trying to harvest that as part of its strategy. This is why it has been consolidating partnerships with Hasbro, Xbox, and possibly e-sports teams. The new advancements in the ENS sector with the integration of DNS, the Croissant said, will bring more corporate adoption of NFTS. Therefore, it will create a new opportunity for GameStop and Ethereum: (\u2026) the result of what I\u2019ve described &amp; the opportunities it creates are endless. It\u2019ll bring millions of eyes to $ETH with even big companies being able to easily deploy their intellectual property in a verifiable, *understandable* manner. This is huge. The gaming industry, as proven by the Axie Infinity case, could greatly benefit from NFTs, digital ownership, and the play-to-earn model. NFTs could be the answer for content creators, and for consumers, and a powerful bridge for Ethereum to enter the mainstream: (\u2026) you all can tell that GameStop is preparing to take the gaming industry by storm with NFTs on $ETH. Both the gaming and blockchain ecosystems go hand in hand, and they are not the only ones who see it coming. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course<\/p>\n","protected":false},"author":535,"featured_media":470705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,8686],"class_list":["post-470704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethusd"],"acf":[],"yoast_head":"\n<title>Only In Crypto: A Croissant Breaks Down How GameStop &amp; NFTs Will Boost Ethereum<\/title>\n<meta name=\"description\" content=\"On a strong bullish momentum, Ethereum records a 17% profit in the past week trading north of its levels before May\u2019s crash. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/wncen.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Only In Crypto: A Croissant Breaks Down How GameStop &amp; NFTs Will Boost Ethereum","description":"On a strong bullish momentum, Ethereum records a 17% profit in the past week trading north of its levels before May\u2019s crash. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Only In Crypto: A Croissant Breaks Down How GameStop &amp; NFTs Will Boost Ethereum","url":"http:\/\/wncen.com\/news\/ethereum\/croissant-how-nfts-boost-ethereum\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/croissant-how-nfts-boost-ethereum\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Ethereum-ETH-ETHUSD-NFTs.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Ethereum-ETH-ETHUSD-NFTs.jpg?fit=698%2C563"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethusd"],"dateCreated":"2021-09-02T18:00:05Z","datePublished":"2021-09-02T18:00:05Z","dateModified":"2021-09-02T18:00:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Only In Crypto: A Croissant Breaks Down How GameStop &amp; NFTs Will Boost Ethereum\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/croissant-how-nfts-boost-ethereum\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/croissant-how-nfts-boost-ethereum\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/Ethereum-ETH-ETHUSD-NFTs.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/Ethereum-ETH-ETHUSD-NFTs.jpg?fit=698%2C563\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethusd\"],\"dateCreated\":\"2021-09-02T18:00:05Z\",\"datePublished\":\"2021-09-02T18:00:05Z\",\"dateModified\":\"2021-09-02T18:00:05Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Ethereum-ETH-ETHUSD-NFTs.jpg?fit=698%2C563","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/470704"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=470704"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/470704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/470705"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=470704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=470704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=470704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}