The co-founder of live streaming giant Twitch, Justin Kan, has announced plans to launch Fractal. A gaming NFT marketplace, the platform is Solana-based and will be a primary marketplace. This means companies will be encouraged to drop new products for fans here first.
Plans are also in place for a native secondary marketplace within Fractal. As such, users will be able to sell and trade their own gaming NFTs to others. A key focus will be developing new use cases for non-fungible tokens within video games, according to this post on Medium.
It’s huge news for the world of NFT gaming, which is still in its infancy but growing at a mind-blowing rate right now. The launch is coming from a household-name brand with a strong foothold in gaming culture, too, which could be hugely beneficial to the Solana chain, which is largely focused on appealing to players.
To repeat, then, Fractal isn’t about selling NFT games. Instead, the focus is selling NFTs that can be used within games.
What Exactly Does the Fractal NFT Gaming Marketplace Medium Post Say?
We highly recommend taking a look at Kan’s call to action for yourself. Apart from anything else, it opens with a nostalgic ode to ‘Ultima Online’. Released in 1997, it was the world’s first massively multiplayer online role-playing game. Choose a character, explore, defeat monsters (often after joining forces with other players), accumulate wealth, and buy real estate.
Of course, there’s no way you read that sentence and didn’t start thinking of NFT gaming. Not to mention the explosion of property sales within the metaverse. Moreover, ‘Ultima Online”s virtual ecosystem became a real-world economy. Land soon began popping up on eBay, valued at hundreds of dollars. People sold the in-game currency on auction sites, too. This, perhaps more than anything else, was all the evidence needed to convince us the metaverse could be a successful property market. And it landed more than 20 years ago.
Kan then goes on to explain how the contemporary video game landscape looks. Using Fortnite as an example, he cites how the title made $9billion in its first two years, mainly from selling character skins. Simply put, this shows the market has moved. Whereas it once purely focused on selling new games, it’s now all about the sale of in-game items offering tangible value to players. In summary, he believes moving these items onto a blockchain is where the future is. And that’s what Fractal is all about.
Wait, What the Hell is Twitch?
Perhaps we should have begun with this part, rather than assuming knowledge. Nevertheless, we’ve started now, so let’s continue. Twitch is, in its own words, “an interactive livestreaming service for content spanning gaming, entertainment, sports, music, and more.” Streamers use it to broadcast whatever it is they want to stream. And a massive number of them stream their efforts within video games.
Want more of the latest NFT gaming news? You’re in the right place. Read our recent guides to 5 Blockchain Games You Can Actually Play Today and Metroverse: The Ultimate Land-Based Blockchain Gaming Experience, learn about sci-fi epic ‘Star Atlas‘, and find out what makes ‘Slotie‘, a new NFT slots game, so compelling.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.
