Multiplayer online games

Twitch co-founder Justin Kan’s NFT market for games raises $35 million

Fractal, a new marketplace for gaming NFTs founded by Twitch co-founder Justin Kan, today announced a $35 million seed round led by Paradigm and Multicoin Capital with participation from Andreessen Horowitz, Solana Labs, Animoca, Coinbase Ventures, Play Ventures, Position Ventures, Zynga Founder Mark Pincus, Crossover, Shrug Capital, TerraForm CEO Do Kwon, Tim Ferriss, Ramp Founders and many more.

Credits: techcrunch.com

Paradigm’s Matt Huang will join the company’s board of directors. This funding round comes two months after Fractal launched to the public on December 30, 2021. The new funds will be used to hire more engineers, recruit and support game developers, and grow a vibrant ecosystem of GameFi participants.

Paradigm and Multicoin Capital led the round with participation from Andreessen Horowitz, Solana Labs, Animoca, Coinbase, Play Ventures, Position Ventures, Zynga Founder Mark Pincus, Crossover, Shrug Capital, TerraForm CEO Do Kwon, and Tim Ferriss .

Paradigm’s Matt Huang will join the company’s board of directors. This funding round comes two months after Fractal launched to the public on December 30, 2021. The new funds will be used to hire more engineers, recruit and support game developers, and grow a vibrant ecosystem of GameFi participants.

Fractal verifies the quality of Web 3 games, only accepting 5% of Fractal Launchpad applications, Kan said. Games launched on the Fractal launch pad include real-time strategy games (House of Sparta), multi-mode games (Tiny Colony), racing games (Yaku) and massively multiplayer online role-playing games (Cinder and nekoverse).

game market

Source: https://appuals.com/twitch-error-code-2ff31423-on-xbox-one/

If playing NFT on an upstart blockchain sounds wild, Kan is known for taking a wacky idea and turning it into a big business. In 2007, he co-founded startup Y Combinator Justin.tv, his self-proclaimed live-streaming site, which eventually morphed into Twitch.

Despite bridge issues and other obstacles, it has become easier for consumers to use Solana through tools like the Phantom Wallet, Kan said.

Fractal, which launched in late December and raised $35 million in seed funding led by Paradigm and Multicoin Capital, verifies games and then partners with games that agree to have their NFTs traded on Fractal by marketing games to players, via its Discord (100,000 members), Twitter, podcasts and giveaways. Fractal charges a 2% transaction fee on secondary sales on its marketplace. Fractal’s CEO is David Wurtz, whom Kan knew because they were both early entrants to Y Combinator, and is credited as co-creator of Google Drive.