In Brief:
- Twitch co-founder Justice Kan is introducing “Fractal”, a Solana based gaming NFT MarketPlace.
- Fractal will act as a primary market, in which gaming companies can launch new products for fans.
- It will also act as a secondary market where users can sell their NFTs to each other.
Justin Kan, the co-founder of the video game live streaming service Twitch is introducing a solana based Marketplace for gaming NFTs called “Fractal”.
In a post written by Kan, it is revealed that Fractal will act as a primary market, in which gaming companies can launch new products for fans, as well as a secondary market where users can sell their NFTs to each other.
In addition to this, the enterprise also hopes to introduce infrastructure for new use cases for NFTs in gaming such as the lending or scholarship model in some play-to-earn games.
Thus, the platform will allow users to shop for avatars and digital goods. Co-founder Kan and the Fractal team are planning to develop the platform into a sort of Kickstarter for blockchain games, allowing users to buy exclusive NFTs in pre-sales that will help fund the creation of the games by themselves.
The team behind this ambitious project include the biggest names in the field of entrepreneurship. The team includes Robin Chan, who founded a mobile gaming company called XPD Media and the game development giant Zynga, and Mike Angell, the Chief Technical Officer previously worked for “Fast” and “Shopify”.
Also in the list is David Wurtz who will be Chief Product Officer here and was the co-founder of Google Drive and an advisor to Shopify.
Justin Kan, co-founder of Fractal said, “I spent an obscene amount of time farming gold on MMOs and that’s before there was any sort of durable value”. He added, “The shift to in-game assets being NFTs on a blockchain will unlock real ownership for players, and new layers of programmability and interoperability in games. Developers will be able to make all sorts of new experiences on top of NFT games. That’s the future we are excited to build”.
Many investors and firms are exploring the realms of NFTs and NFT MarketPlace of late. The recent being, cryptocurrency financial services firm, Blockchain.com which announced the launch of its first NFT marketplace.
