Fractal, a marketplace for gamers to discover, buy and sell digital collectibles and non-fungible gaming tokens (NFTs), has announcement the successful raising of a $35 million funding round from leading investors.
As announced by the platform via a blog post, the round was co-led by Paradigm and Multicoin Capital, with participation from several investors including Andreessen Horowitz (a16z), Solana Labs, Animoca Brands, Coinbase Ventures , Play Ventures, Position Ventures, Zynga Founder Mark Pincus, Crossover, Shrug Capital and TerraForm Labs CEO Do Kwon. Goat Capital previously led Fractal’s seed round in January.
The emergence of Fractal in the digital currency ecosystem was inspired by the growing utilities of NFTs which are expected to extend to the gaming ecosystem.
According to Justin Kan, one of the masterminds behind the project, also credited as one of the main developers behind Twitch, an American live video streaming service that focuses on video games and esports streaming. Fractal’s launch is all about helping game developers make the most of their ambitions to bring innovative solutions to the blockchain gaming world.
Fractal milestones so far
Since its inception, Fractal launched its Launchpad to help games release their NFT collections to the public. Fractal administers this launchpad with the sole mission of partnering only with blockchain game developers who have been vetted to complete their roadmaps and deliver on their promises to their users and investors.
As a result, Fractal has only accepted 5% of all applications received to date, and its new partners include House of Sparta, Tiny Colony, Yaku Corp, Cinder, Nekoverse, Metawana, MetaOps, and Psyker.
With more projects set to debut on Fractal Launchpad, Justin said the accumulated funding round will be used to bolster his engineering team and create the best possible product for game companies looking to build around. blockchain and transform their games into truly open economies.
The funding generally follows other notable funding that NFTs, games and metaverse protocols have received in recent times, one of the latest being the $23 million raised by CoWDAO as reported earlier by Blockchain.News.
Image source: Blockchain.News