The co-founder of the streaming giant Twitch is launching a new crypto project focused on gaming non-fungible tokens (NFTs).
Digital entrepreneur Justin Kan, who also co-founded the law-tech company Atrium, says his new project Fractal will serve as a marketplace for gaming NFTs.
Explains Kan in a new announcement,
“Our mission is to create an open platform for the free exchange of digital goods.
We’ll do that by partnering with the best gaming companies launching NFTs and building tools that help them reach their customers at scale.”
Fractal is starting on the Solana (SOL) blockchain, with Kan citing the Ethereum competitor’s low cost and high speed of transactions as the primary reasons for their choice.
Solana is one of the most popular blockchains in terms of NFT sales volume. The project’s native token, SOL, is trading at $159.87 at time of writing, up more than 3% on the day.
Kan says Fractal will have a primary market for initial drops from gaming companies and a secondary market for peer-to-peer transactions.
“Eventually, we see ourselves creating infrastructure for emergent use cases of NFTs as well, such as the lending/scholarship model in some play-to-earn games.”
Read Kan’s full announcement here.
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