Twitch Co-Founder Raises $35M Seed Round for Fractal, a New Marketplace for Gaming NFTs, from Paradigm and Multicoin Capital

SAN FRANCISCO, April 1, 2022 /PRNewswire/ -- Fractal, a new marketplace for gaming NFTs founded by Justin Kan, the co-founder of Twitch, today announced a $35M seed round led by Paradigm and Multicoin Capital with 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, the founders of Ramp, and many more. The new funds will be used to hire more engineers, recruit and support game developers, and grow a vibrant ecosystem of GameFi participants. Today, greater numbers of games are moving to listing their virtual items on public blockchains, giving players complete control over those assets, and allowing them to own and resell them later. "Were in the middle of a generational shift in gaming, powered by crypto, where players expect a greater degree of ownership and control of their digital items," said Huang, co-founder and managing partner at Paradigm. "The Fractal team is supporting games that are creating truly open, decentralized economies," said Mable Jiang, partner at Multicoin Capital.