Justin Kan’s Fractal NFT Launchpad Raised $35M in Seed Funding Round – Play to Earn

Justin Kan, the co-founder of Twitch and the founder of San Francisco-based new NFT launchpad and marketplace Fractal, has announced that it has raised $35 million for the platform that allows users to buy, trade, and sell NFTs. The seed financing round took place recently, seeing participation from well-known companies in the blockchain industry like Solana Labs and Animoca Brands. The financing round took place two months after launching Fractal to the public on December 30, 2021.

The funding round was led by Paradigm, and Multicoin Capital, along with the participation of several companies, including Andreessen Horowitz, Solana Labs, Animoca Brands, Coinbase Ventures, Play Ventures, Position Ventures, Crossover, Shrug Capital, and many more. Fractal closed the round at $35 million from the finest investors in the crypto gaming market.

Paradigm’s Matt Huang will join the company board in the coming days. The fractal team has decided to hire more engineers and recruit game developers to grow the marketplace and a vibrant ecosystem for crypto gaming.

“The Fractal team is supporting games that are creating truly open, decentralized economies,” said Mable Jiang, partner at Multicoin Capital. “Just like free-to-play games launched a new business model for gaming over a decade ago, we believe that blockchain will enable a paradigm shift to the models for games of the future.“

What is the Fractal marketplace?

Fractal is an open NFT marketplace for buying, discovering, and selling NFTs on the Solana network. It helps create an ecosystem where game companies list NFT drops and game assets for players to buy. Players can search for NFTs, buy them, and resell too. The Fractal Marketplace is positioning itself as the first primary marketplace for Solana gaming NFTs. 

Fractal has already partnered with several projects, including House of Sparta, Tiny Colony, Yaku Corp, Cinder, Nekoverse, Metawana, MetaOps, and Psyker. Every mint that Fractal has launched is sold out, and the mint with Tiny Colony sold over $2M of NFTs.

The main aim of Fractal is to create a marketplace dedicated to game-related NFTs and provide top-notch transparency and security through the blockchain. It also aims to reduce dependence on existing game marketplaces and pave the way to disrupt the current ecosystem.

Key features of Fractal Marketplace?

• Fractal makes key partnerships with gaming studios that directly drop new NFTs on its platform. The NFTs include in-game characters, weapons, lands, and other assets. These partnerships with established game publishers give a boost to the company. Users get the option to interact with developers directly and acquire NFTs.
• Fractal solely focuses on gaming NFTs, unlike other NFT marketplaces, as the team believes blockchain technology will form the core role in gaming in the future. Justin Kan said that there might be marketplaces for gaming and software specifically in the future…