Fractal, a Web3-based gaming platform that was launched on Solana Polygon will be getting it in the late 2021. Today, The company—which was co-founded by Justin Kan, co-founder of popular streaming video game platform Twitch—announced that it has launched support for NFT-powered games on the Ethereum Sidechain network.
Fractal is moving with the same spirit. Web3 Gaming suite and Polygon feature set, including an in-game marketplace NFTsThe esports tournaments support platform, and a launchpad to create new projects. Developers can also build in-game marketplaces using the Fractal SDK, so that players don’t have to leave to browse and transact NFTs.
“Our goal is to support game developers, and part of that is being wherever the game developers want to be,” Kan told Decrypt. “And a lot of them want to be on Polygon, to be honest.”
Polygon has Attracted a lot of attention Recent developments in the Web3 market have seen major brands like Nike, Reddit, Reddit, and Meta tap the network for their platforms.
Reddit has, for instance, minted Nearly 8.5 Million Collectible Avatars Polygon has been on Polygon since last Summer. Starbucks has developed a loyalty program Designed around collectible NFTsWhile Nike is Polygon launches metaverse fashion.
Fractal also supports games. Fractal will be supporting 30 Polygon-based Games at Launch. Sunflower LandAether Games and Life Beyond are also available. Fractal will partner with Polygon Labs in order to promote games through online tournaments, events, and before the annual Game Developers Conference (GDC), which takes place March 7-9.
Polygon Ventures also made a strategic purchase in Fractal. However, the amount of this investment was not disclosed.
Expansion from Solana
Fractal was launched in December 2021 Solana momentum reached its peakThe SOL cryptocurrency is nearing its all-time high and NFT sales increasing. Kan explained that while the platform was gaming-centric and NFT market place found a large audience, many early buyers were there more to speculate about Solana NFTs and not support and buy into any game projects.
“We were selling fucktons of NFTs at the beginning of last year,” Kan told Decrypt, “like way more than we deserved for a company that was one month old or two months old.”
Fractal continued to exist. Announce a $35 Million Seed Round Paradigm and Multicoin Capital co-led the April 2022 meeting, which included participation by Andreessen Horowitz and Solana Labs as well as Coinbase Ventures and Animoca Brands.
However, the broader NFT market rapidly declined soon after, in tandem with crumbling crypto prices—SOL is currently down 91% from its peak price set in November 2021.
The Solana NFT space has seen a significant shift, with most marketplaces no longer needing traders. Pay creator royalty fees This is typically 5%-10% of a sale price. Fractal has enforced creator royalties for NFT sales. Kan described them as an important part of what makes Web3 design so attractive to game makers.
“That’s your incentive to maintain the game, update the game, and create this ecosystem. If creators and game studios specifically don’t have the incentive to do that, then there’s not gonna be longevity in these games,” he said. “There needs to be funding for them at the end of the day. People gotta eat.”
Royalties are not tips
Never discount the output of creators when they are driving the ecosystem
— fractal | big reveal 1.24.23 (@fractalwagmi) October 16, 2022
Fractal’s secondary trading volume has fallen significantly in recent months. Data from Tiexo, the platform has handled just 2,660 SOL worth of trades over the past 30 days—about $64,000 worth at the current price of SOL. That is just 0.2% of all Solana NFT trading volume.
Kan said that the Solana technology is still “really compelling,” but Fractal started expanding outward late last year. The firm has added game projects that run on Ethereum mainnet to its portfolio. Polygon-based gaming is now also available on the Ethereum mainnet.
Fractal will be facing Magic Eden, the dominant Solana NFT marketplace. Late last year, Polygon support was added. Kan believes that Fractal’s singular focus on gaming will continue to be a differentiator on the new platform.
Although NFT buzz is down sharply Over the past few months, many video games fans aren’t keen on the techKan believes that Web3 models are going to take root in the industry. He’s just waiting for more games that are captivating enough to make the case, and not just attract would-be NFT flippers.
“I’m so bullish on open-economy games,” he said. “I think it’s still a future business model of the gaming world. It’s just a matter of time before we see more games being created in this fashion. Then, eventually, one of these games will be the next. FOrtnite or Free Fire that’ll change the world.”
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