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.
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.
Source: Coin Desk