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Priyanka Jadhav
Apr 2, 2022
by Priyanka Jadhav

Twitch Co-Founder Justin Kan's Gaming NFT Startup Raises $35 Million

Kan Fractal NFT Gaming
The massive streaming video platform that redefined the video gaming experience, Twitch was co-founded by Justin Kan. Kan believes that great opportunities for the gaming industry lie in the NFT space. 

Presently, Justin Kan has raised $35 million for his NFT gaming marketplace startup, Fractal. On April 1, the NFT marketplace Fractal shared the thrilling announcement on Twitter. 

About Fractal

The NFT marketplace enables gaming industries to mint and drops gaming NFTs for enthusiasts. Additionally, it provides a secondary market to players to allow selling NFTs to one another. 

Kan states that although his platform is partnered with Solana blockchain and has Solana-based games running, he guarantees the intersection of NFTs and gaming will expand other styles and modes of games.

Who Funded The Seed Round?

The $35 million fundraisings will be used in hiring engineers and recruiting game developers. Cryptocurrency and Web3 investment firms, Multicoin Capital and Paradigm led the seed funding round, as was announced by the NFT gaming platform. Fractal is a marketplace and launchpad for Solana NFTs used in gaming, which was launched in December. 

The seed funding round also included Andreessen Horowitz, Solana Labs, Animoca Brands, Coinbase Ventures, and Play Ventures. Investors such as Mark Pincus, the founder of Zynga; Terraform Labs CEO Do Kwon, and Tim Ferris also were a part of the round. 

Although few users have been against the idea of NFTs incorporated into games. However, venture capitalists have been introducing blockchain-based gaming projects and urging the space to grow.

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NFT Paradigm Animoca Brands Multicoin Capital Andreessen Horowitz Solana blockchain Terraform Labs NFT drops Zynga Web3 Solana Labs Coinbase Venture Fractal Twitch NFT Gaming Marketplace Cryptocurrecny Play Venture
Twitch Co-Founder Justin Kan's Gaming NFT Startup Raises $35 Million
Priyanka Jadhav
Priyanka is an active crypto enthusiast. Having graduated with a BA in Journalism and Mass Communication, she is a passionate content writer with a strong understanding of financial content. She has been writing on crypto and blockchain-related topics for the last three years and is an active trader.

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