Fractal is a marketplace for gaming NFTs: durable assets that let you do something inside a gaming universe. Why am I building this?
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When I was in high school in the late 90s, I spent an absurd amount of time playing Ultima Online. Richard Garriot had created the first massive multiplayer online role playing game and it was a masterpiece.
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UO’s designers were ahead of their time. Players were able to build persistent houses on the map where they could keep their digital treasures. Real estate was scarce, and eventually houses started selling on eBay for hundreds of real dollars.
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A real economy started up, and some players began farming and selling in-game currency online. To anyone not playing the game, this sounded ridiculous: how could something inside a video game be worth real dollars?
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The idea that digital goods could have monetary value wasn’t yet established.
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Almost twenty years later, the world has changed. Game companies have embraced digital goods: in its first two years
@FortniteGame made $9B in revenue primarily from selling skins!Show this thread -
The business model of gaming has shifted away from game sales revenue, to selling items and skins that have durable in-game value to players. Putting these durable in-game assets on a blockchain is the next step in gaming.
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Players have recognized the value of items in centralized games for a long time. When game companies create lasting durability by making in-game assets NFTs on blockchain, tremendous amounts of value will be unlocked for players.
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For players, this will mean they can truly own the value of their in-game work. For game companies, in-game assets become persistent platforms on top of which other developers will be able to build experiences.
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This is the future world we are excited to power with Fractal. Our mission is to create an open platform for the free exchange of digital goods.pic.twitter.com/Me6pNoGTlF
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We’ll do that by partnering with the best gaming companies launching NFTs and building tools that help them reach their customers at scale.
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Players will be able to discover, buy and sell gaming NFTs on Fractal, through: - primary market (initial drops by gaming companies) - secondary market (p2p trading)
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We see ourselves creating infrastructure for emergent use cases of NFTs as well, such as the lending / scholarship model in some play-to-earn games.
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We are starting with the
@solana blockchain, as we see the low cost and high speed of transactions as appealing to game creators who want to have a high number of in-game assets.Show this thread -
Excited and grateful to be working with a stacked all-star cast including
@robinchan,@davidwurtz, and@evulse. Can't wait to see where we will take this.Show this thread -
Fractal will be launching soon If you want to follow along and be the first to know when we go live: Check us out at: http://fractal.is Join our Discord: https://discord.gg/THuUqCZGBK Follow
@fractalwagmi and https://www.instagram.com/fractalwagmi/Show this thread -
Calling all react and rust devs - drop us an email at jobs@fractal.is if you're interested. Help us build this and change the gaming world!
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