With the NFT hype unlikely to subside, many crypto exchanges and service providers have jumped on the bandwagon to grab a share of the market. Exchanges like Binance, FTX, and Coinbase are launching their NFT marketplaces, a market currently dominated by Ethereum-based NFT platform OpenSea.
Now, Justin Kan, co-founder of popular video streaming service Twitch, has unveiled a new NFT marketplace ‘Fractal’. The platform will offer a marketplace for gaming NFTs based on the Solana blockchain. It is designed to launch as both a primary and secondary marketplace where users can directly purchase gaming NFTs from companies, as well as use it for peer-to-peer trading.
Kan has been working with entrepreneurs such as Robin Chan, founder of XPD Media, David Wurtz, co-founder of Google Drive and an advisor to Shopify, Mike Angell, who previously worked at Fast and Shopify, to launch the new marketplace.
“Our mission is to create an open platform for the free exchange of digital goods. We’ll do that by partnering with the best gaming companies launching NFTs and building tools that help them reach their customers at scale,” Kan said in a blog post issued Monday.