What is Fractal?
Fractal operates as an open marketplace designed to facilitate the listing and trading of non-fungible tokens (NFTs) for in-game assets. The platform empowers game companies to directly offer NFT drops of durable in-game items to players, while simultaneously enabling players to discover new NFT-centric games, acquire NFTs, and engage in secondary market resales. Founded by industry veterans Justin Kan, Robin Chan, David Wurtz, and Mike Angell, Fractal aims to bridge the gap between traditional gaming and the emerging world of blockchain-based digital ownership.
How much funding has Fractal raised?
Fractal has raised a total of $35M across 1 funding round:
Angel/Seed
$35M
Angel/Seed (2022): $35M with participation from Paradigm and Multicoin Capital
Key Investors in Fractal
Paradigm
An undisclosed investor participating in the funding round.
Multicoin Capital
Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies. Crypto networks and companies will create trillions of dollars of value over the next decade. But investing in tokens is fundamentally different than investing in companies. New tools, heuristics, and security measures are needed to responsibly invest in this ecosystem. The company leverage the company's deep understanding of blockchain technology and crypto markets to deliver exceptional returns.
What's next for Fractal?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for Fractal. This capital infusion is expected to accelerate the development of its open marketplace, enhance its platform capabilities for both game developers and players, and expand its market reach within the competitive Web3 gaming ecosystem. The company is strategically positioned to capitalize on the increasing demand for verifiable digital ownership and unique in-game assets, potentially solidifying its role as a key infrastructure provider in the evolution of online gaming.
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