By Dardania HavolliNFT
The hugely significant participants in Fractal’s seed round are a testimony to the belief that the wider industry has in Fractal and its team.
Fractal Funding Locked in
Fractal has announced the close of a $35 million seed financing round from some of the most significant investors in crypto and gaming.
The team officially announced the news on April 1 through Twitter and Medium, celebrating this milestone moment in their innovative journey. The round was led by Paradigm and Multicoin Capital and saw participation from other investment heavyweights like Andreessen Horowitz, Solana Labs, Animoca Brands, Coinbase Ventures, Play Ventures, and Position Ventures to name just a few from an exhaustive list.
“We’re excited for this group of investors who are fully aligned that blockchain is the future of gaming and can help us make that happen,” Founder Justin Kan stated in the Medium post. “With this new capital, we’ll be focused on building out our engineering team and making the best product possible for gaming companies who want to build around blockchain and turn their games into truly open economies. We think games are how the next 100 million users get onboarded into crypto. LFG.”
In order for games to capture the next 100 million users, Kan will know that the quality of these gaming products must be at an optimum level, which should not be difficult with the current inflow of funding and talent.
Justin Kan does, of course, have a famous history of interacting with the gaming market after seeing Twitch upend the gaming industry’s business model nearly ten years ago now. Blockchain-based assets offer the opportunity for an even bigger change, Kan explains, and who would bet against him.
What is Fractal?
Fractal is an open marketplace for gaming NFTs. Game companies are able to list NFT drops for durable in-game assets and sell directly to players. In addition, players can discover new NFT games, buy NFTs and resell their NFTs. Fractal is founded by industry veterans Justin Kan, Robin Chan, David Wurtz, and Mike Angell.
Where to find Fractal:
Founded in 2020, solana News is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (solana). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. solana News aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the solana DeFi space.
solana NEWS is a private news network. All posts posted by this user belong 100% to solana.news All rights are reserved to Solana NEWS.