Tag: fractal

NFT Gaming Platform Fractal Raises $35m, Co-Led by Paradigm Capital

Fractal, a marketplace for gamers to discover, buy and sell digital collectables and gaming Non-Fungible Tokens (NFT), has announced the successful raise of a seed round of $35 million from prominent investors.

As announced by the platform through a Blog Post, the seed round was co-led by Paradigm and Multicoin Capital, with the participation of multiple investors, including Andreessen Horowitz (a16z), Solana Labs, Animoca Brands, Coinbase Ventures, Play Ventures, Position Ventures, Zynga founder Mark Pincus, Crossover, Shrug Capital and TerraForm Labs CEO Do Kwon. Goat Capital previously led Fractal’s seed round in January.

Fractal’s emergence in the digital currency ecosystem was one that was inspired by the growing utilities of NFTs which are projected to extend into the gaming ecosystem. 

According to Justin Kan, one of the brains behind the project, also credited as one of the main developers behind Twitch, an American video live streaming service that focuses on video games and esports streaming. The launch of Fractal is solely hinged on helping game developers get the best out of their ambitions to bring innovative solutions to the blockchain gaming world.

Fractal Milestones Thus Far

Since its inception, Fractal has floated its Launchpad to help games release their NFT collections to the public. Fractal is administering this launchpad with the sole mission of partnering only with blockchain game developers who have been vetted to complete their roadmaps and fulfil their promises to their users and investors.

As a result, Fractal has only accepted 5% of all the applications it has received to date, and its new partners include House of Sparta, Tiny Colony, Yaku Corp, Cinder, Nekoverse, Metawana, MetaOps, and Psyker.

With more projects set to make their debut on the Fractal Launchpad, Justin affirmed that the accrued seed round will be used to build out its engineering team and in making the best product possible for gaming companies who want to build around blockchain and turn their games into truly open economies.

The funding generally trails other notable funding that NFTs, gaming, and metaverse protocols have received in recent times, with one of the latest being the $23 million pulled by CoWDAO as reported earlier by Blockchain.News.

Image source: Blockchain.News

Blockchain Soccer Startup GOAL Pulls $15m in Seed Funding

Stockholm-based Non-Fungible Token (NFT) based soccer startup GOALS has raised the sum of $15 million as seed funds from venture capital firms and angel investors.

While this is not the very first-time GOALS will be pulling funds from investors, this round is undoubtedly its most groundbreaking as the company plans to boost its outfit with about 30 new game developers. 

According to Tech.eu, a European tech media hub, the funding was led by Northzone with participation from existing investors Cherry Ventures, Moonfire Ventures, Banana Capital, and new investors Not Boring Capital and Cassius participating. Rounding out the lineup, angel investors include Sorare CEO Nicolas Julia, FC Barcelona star Gerard Pique, and Axie Infinity COO Aleksander Larsen.

Laid Down Dynamics for GOALS

GOALS is one of the numerous blockchain gaming protocols that allow users to take ownership of the in-game assets. While not necessarily a new concept, GOALS hopes to hinge on its unique design and the feeling of thrill to complement its players’ capabilities further to monetize their players, skin colours, in-game merchandise, and many more.

The growing blockchain gaming economy, especially with a focus on football, has been projected to be worth well over $190 billion, a substantial chunk GOALS is willing to tap. With the funding and the help of its investors, it finally is able to tap into this growing marketplace.

“We have been in the very fortunate position where investors reached out to us before we were actually fundraising so we were able to pick the ones we felt had the best fit for GOALS,” commented co-founder and CEO Andreas Thorstensson. “After playing most football games on the market and observing the esports scene for a long time, I could see that gamers deserved something new.”

GOALS aims to make its revenue by taking cuts from sales of these in-game assets on the secondary marketplace. Like the newly funded Fractal marketplace for game developers, it aims to carve out a niche for itself in the fast-growing Web3.0 ecosystem.

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