Twitch Co-Founder Justin Kan Launches Gaming NFT Marketplace on Solana

Fractal is bringing ownership to a community rich in both digital assets and NFT skepticism.

AccessTimeIconDec 13, 2021 at 5:00 p.m. UTC
Updated May 11, 2023 at 7:09 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Web 3 gaming received another boost on Monday with the announcement of Fractal, a marketplace for gaming-related NFTs led by Twitch co-founder Justin Kan.

The platform will serve as a primary marketplace for players to buy non-fungible tokens directly from game companies to use in-game, as well as a secondary marketplace for peer-to-peer trading.

“People have always been able to make real money playing video games,” Kan told CoinDesk in an interview. “What we’re seeing with Web 3 gaming, it feels like a natural development towards ownership gamers have always wanted.”

The company already has a number of gaming partnerships in place to be announced in the coming week, according to a press release. Kan has been an active investor in Web 3 gaming in recent months, leading an $8 million dollar funding round for Solana-based mafia game “Syn City” in November.

While the burgeoning Web 3 gaming sector has yet to win over some non-crypto gamers – which was on full display last week after Ubisoft announced its first NFT integrations – investors continue to back the space with confidence, and lots of money.

Lightspeed and FTX raised a $100 million fund in November dedicated to growing Solana’s gaming ecosystem, along with a $200 million fund raised by Hashed in part for gaming on Terra in December.

Fractal says it’s starting with Solana NFTs because the blockchain’s low costs and high transaction speeds are attractive to game companies looking to sell a high volume of assets, according to a blog post. The company plans to integrate other blockchains in the future, a representative told CoinDesk.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Eli Tan

Eli was a news reporter for CoinDesk. He holds ETH, SOL and AVAX.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



Read more about