By
Chimamanda U. Martha
April 18th, 2024
Ahead of the launch, Fractal has partnered with companies having a deep gaming experience. Fractal seeks to be an open platform facilitating the swift exchange of digital goods.
On Monday, December 13, Justin Kan, the co-founder of the video game live-streaming service Twitch, announced the launch of a Solana-based marketplace Fractal, specifically designed for gaming non-fungible tokens (NFT).
The platform seeks to tap emerging opportunities in the gaming space with play-to-earn titles. Fractal will serve as a primary marketplace wherein gaming companies can drop new products for fans. It will also have a secondary market wherein users can trade their NFTs. In the official announcement, Justin Kan noted:
“Eventually, we see ourselves creating infrastructure for emergent use cases of NFTs as well, such as the lending / scholarship model in some play-to-earn games. We are starting with the Solana blockchain, as we see the low cost and high speed of transactions as appealing to game creators who want to have a high number of in-game assets”.
The Twitch co-founder also said that their goal with Fractal is creating an open platform for the free exchange of digital goods. Fractal has also partnered with the best gaming companies experienced in launching NFTs. Kan added that Fractal has partnered with gaming studios with deep game-building experience.
Justin Kan: Solana Is the Future of Gaming
The Solana blockchain has gained massive traction this year in 2021. Thanks to users looking for alternate platforms amid high Ethereum gas fee and low-speed transactions. The native SOL cryptocurrency has surged all the way from $2 to $250 amid a phenomenal rally and acceptance in the DeFi space.
The Solana blockchain has been betting on the future that can cater to the requirements of Web 3 users. Proponents also see Solana’s low-fee-high-bandwidth structure as an ideal place to build NFT projects.
Speaking to TechCrunch, Kan said:
“I believe that Solana is the future of gaming”.
Kan and the team will be launching the Fractal platform ahead in the upcoming weeks. Other Fractal founders include Robin Chan, who founded a mobile gaming company called XPD Media and the game development giant Zynga, and Mike Angell, who previously worked at the firms Fast and Shopify.
The launch of Fractal will be a milestone event in the NFT gaming space which is likely to explode over the next decade.