Fractal Raises $35M in Seed Funding
Fractal, a San Francisco, CA-based new marketplace for gaming NFTs, raised $35M in seed funding.
The round was led by Paradigm and Multicoin Capital with with participation from Andreessen Horowitz, Solana Labs, Animoca, Coinbase Ventures, Play Ventures, Position Ventures, Zynga founder Mark Pincus, Crossover, Shrug Capital, TerraForm CEO Do Kwon, Tim Ferriss, the founders of Ramp, and more. Paradigm’s Matt Huang will be joining the company’s board.
The new funds will be used to hire more engineers, recruit and support game developers, and grow an ecosystem of GameFi participants.
Founded by Justin Kan, the co-founder of Twitch, Fractal is a marketplace for video game players to discover, buy and sell gaming NFTs. The company recently released Fractal Launchpad, a new product that helps game companies sell their initial NFT collections to the public. The company vets web3 games for quality, accepting only 5% of applications to Fractal Launchpad. Games that have launched on the Fractal launchpad include real time strategy games (House of Sparta), multi-mode games (Tiny Colony), racing games (Yaku), and MMORPGs (Cinder and Nekoverse). Every game has sold out their NFT collection, with Tiny Colony raising over $2M from their initial sale.