Twitch Co-Founder’s Solana Gaming Platform Fractal Expands to Polygon

▤ Summary

Starbucks has built a loyalty program designed around collectible NFTs, while Nike is launching metaverse fashion on Polygon.Games are also growing on the platform, and Fractal will support 30 Polygon-based games at launch, including Sunflower Land, Aether Games, Life Beyond, and Phantom Galaxies. Fractal will work with Polygon Labs to promote games through online tournaments and events ahead of the annual Game Developers Conference (GDC) in March.Polygon Ventures has also made a strategic investment in Fractal, the companies announced today, although the amount of the investment has not been disclosed.Fractal launched in December 2021 as Solana momentum was at its peak, with the SOL cryptocurrency near its all-time high price and NFT sales growing. The gaming-centric platform and NFT marketplace found a receptive audience, but Kan said that many early buyers were there to speculate around Solana NFTs rather than support and buy into game projects. "Fractal went on to announce a $35 million seed round in April 2022, which was co-led by Paradigm and Multicoin Capital, and included participation from Andreessen Horowitz, Solana Labs, Coinbase Ventures, and Animoca Brands, among other investors.However, the broader NFT market rapidly declined soon after, in tandem with crumbling crypto pricesSOL is currently down 91% from its peak price set in November 2021.Furthermore, the Solana NFT space changed significantly, with a majority of marketplaces no longer requiring traders to pay creator royalty fees (typically 5%-10% of the sale price). Kan believes that Fractals singular focus on gaming will continue to be a differentiator on the new platform.Although NFT buzz has fallen sharply over the past several months and many video game fans arent keen on the tech, Kan remains set on the idea that Web3 models will eventually take hold in the industry.

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Fractal

$1M to $5M