Twitch co-founder launches game NFT trading platform Fractal, enabling players to freely buy and sell

Twitch co-founder Justin Kan announced the launch of Fractal, a marketplace focused on in-game items NFTs, aiming to provide a platform for the rapidly growing blockchain gaming industry to trade and issue NFTs fairly.

fractal is the next step – @justinkan.https://t.co/il534O8pMk

— Fractal (@fractalwagmi) December 13, 2021

The Transformation of the Gaming Industry

"The business model of games has shifted from selling game copies to selling in-game items and cosmetics with permanent value to players. Putting these game assets on the blockchain is the next step in game development," said Justin Kan.

With the integration of the gaming industry and blockchain technology, in-game assets are no longer owned by game companies but can be permanently owned by players through the form of NFTs.

Fractal, Market for In-Game Assets and Virtual Worlds

Fractal, launched by Twitch co-founder Justin Kan, aims to create a market specifically for game NFTs, enabling a platform for the free exchange of digital assets. Upon its official launch, players will be able to participate in the platform's primary market for initial game company releases and secondary market for peer-to-peer trading of in-game NFTs.

Furthermore, the lending mechanism and scholarship system for NFTs in certain chain games will also be a focus of Fractal's future development. The platform is being built on Solana, known for its low-cost and high-speed transaction features, making it more attractive to game creators who wish to own a large number of game assets.

"I believe what's truly interesting is how NFTs interact with the world, and how people can use NFTs to create experiences beyond the game. Perhaps you can create a powerful sword and lend it out like renting a Ferrari for a birthday," said Justin Kan.