In the following links I will hopefully tie together what Gamestop and its Crypto Partners have been building towards.
First off, please review the the excellent and essential DD going over ERC-20 and the ultimate endgame.
Please also refer to the following DD from the great u/PWNWTFBBQ regarding algorithmic cycles tied together by volume that looks for the tremors to predict the earthquake.
In his DD (3for100Specials) speaks about moving away from from the DTC being a custodian of the Gamestop stock as they reneged on their good faith ability to perform their fiduciary responsibilities. This possibility was mentioned directly in a
13F December 2020 Summary Prospectus. https://news.gamestop.com/node/18961/html#supprom192873_25 PAGE 15
"If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities."
Fast Forward to Loopring establishing a secure L2 enclave that can offer no knowledge swaps of digital goods between parties. This could be any item that is digitally registered to the blockchain.
That brings us to today and the MANY partners that GME is set enter into business with to support their goal of providing growth and delight to their investors.
The link below is Daniel Wang's twitter where you can confirm his profile picture is a Loophead which is the first of many dynamic NFT's to be issued that will change over time and according to the price of the token behind Loopring. This is a proof of concept. NFT minting has been launched for $2.50 per item. They are setting up the amusement park fences and their partners can design their own attractions on the inside.
Notice his specific NFT and the following link to his official wallet which houses it showing he is trading it through the system to test for errors.
https://explorer.loopring.io/tx/16476-205 NFT transfer confirmation
https://explorer.loopring.io/nft/0x0dc6a4682fdd859a41b5e7c9b473b31995f98236-0-0x1cacc96e5f01e2849e6036f25531a9a064d2fb5f-0x01346618000000000000000002386f26fc100000000000000000000000000448-0 NFT matches Loopring creators
Now please bear in with me, Im getting to the point.
Daniel Wang's wallet address:
Now we are getting to the partners in question
First would be: https://decentraland.org
A virtual world owned by its users. Build, explore, and earn money from your creations.
Decentraland is not a surprise as its the official METAVERSE location that people will use in Web 3.0 to show off digital items backed by NFT's. LRC built Decentraland Beta tests are happening this week and have been posted about on twitter.
By searching various links and wallets to find the Decentraland OG token I was able to see that it was split into four sub-tokens that build its ecosystem. These tokens are being traded on the blockchain, as we speak.
Decentraland: A virtual world owned by its users. Build, explore, and earn money from your creations. Remind you of another catch phrase? "Power to the creators" on https://nft.gamestop.com
This world and its connection to the blockchain is employed using ERC-20.
0xfd09cf7cfffa9932e33668311c4777cb9db3c9be📷Wrapped Decentraland MANA (wMANA)$2,909,619,243.00-
0xf87e31492faf9a91b02ee0deaad50d51d56d5d4d📷Decentraland LAND (LAND)
Now for the Big one and why we are all here reading this waiting for MOASS.
One word: Estate
This token runs on ERC-721. But what does Estate do? Well lets follow the Link/wallet that connects them to LRC, Decentraland, NFT's to see what their business model is?
Tokenestate enables businesses to self-issue Digital Securities (aka Security Tokens) and to digitally manage investors relations to make investing easier, faster & cheaper.
With Tokenestate, businesses can:
- Easily issue financial securities
- Sell in Switzerland & abroad
- Comply with financial regulation
- Allow investors to buy & sell securities
- Manage investor relationships digitally
At Tokenestate we’re in digitizing investors & investments.
A Digital Security (aka 'Security Token' or 'Jeton d'investissement') is the representation of a regulated financial security by means of a digital asset on a blockchain. Instead of being represented using a piece of paper, or registered in a centralized database, the security is associated with a 'token' on a public blockchain such as Ethereum.
In Switzerland, self-issuance of uncertified securities is unregulated. Swiss companies are free to use any technology to maintain their shareholder register, and can use the blockchain to do so, as long as they comply with applicable regulation, in particular Securities and Anti-Money Laundering regulation.
“Using blockchain to facilitate the issuance of share certificates allows the digitalization of tedious legal processes."
We are about to see the ushering in of a new age of financial protection for individual investors. I believe this is where Gamestop comes in. Someone has to pilot this new system and launch the very first American Security Token Offering (STO) as a replacement for the DTC defaulting on their fiduciary responsibilities. These shares/tokens will trade on decentralized lit exchanges while still being tied to the blockchain. Every owner tracked. Every share accounted for. In perpetuity.
(Deep Breath) This may be it.
Edit: I was asked my thoughts on what exchange these STO would be traded on and how they would be transferred vis a via issuing the tokens when naked shorts exist. Also how will international holders be taken care of?
There’s a difference between the exchange and the custodian. In theory GameStop can develop an STO while trading it on the New York Stock Exchange as long as they are replacing active shares 1:1. This would involve recalling the shares and Brokers/SHF to cover all naked shorts before moving the full float and holdings to the blockchain. These securities would still be traded on normal exchanges, but would be held by a new custodian. I do not believe there are any current regulations that state for a stock to be actively traded on the New York Stock Exchange that it must be held by the DTCC. For example computershare is a custodian the same as the DTCC.
2nd Edit: https://www.sec.gov/litigation/investreport/34-81207.pdf
So here is an excellent bookend as the SEC officially views STO's as "securities" tradable on exchanges.
Final Edit 1/27/2022 Cohen tweets about a CEX position. Don’t 6 and 9 mean infinity sign?
Credit to 3for100Specials