Twitch co-founder Justin Kan announces $35M seed funding for Fractal

Twitch co-founder Justin Kan announces $35M seed funding for Fractal

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Fractal, the new gaming NFT marketplace founded by Justin Kan, co-founder of live video streaming giant Twitch, recently bagged $35 million from Timothy Ferriss, Paradigm and Multicoin Capital, and more. 

Fractal went public on 30th Dec 2021. The new funding has been raised for the development of a thriving gaming ecosystem for participants and for hiring more employees for games development and growth. 

Fractal has recently launched a unique feature called Fractal Launchpad for game companies to sell their NFT collections publicly. Gamers or GameFi enthusiasts can buy or sell gaming NFTs on the platform easily. 

Most of the games released on Fractal launchpad are real-time strategy games, including a large buffet of varieties. Fractal is now open to receive applications from the game companies to list their NFTs. They can easily apply through the company’s website. 

The Fractal team backs games that foster truly open and decentralized economies. The blockchain will allow for a paradigm change in future gaming paradigms.

The Australian Securities and Investments Commission’s warnings might have a big influence on the cryptocurrency business in Australia.

The latest information document from the commission details the potential pitfalls that influencers and businesses may fall into while advertising financial goods.

There was significant ambiguity about what constitutes marketing as opposed to simply informing people about financial products under the new bitcoin guidelines.

In 2021, cryptocurrency ownership in the United States, Latin America, and the Asia Pacific nearly doubled. Concerns about inflation were also identified as a major driver of adoption, according to the survey. In the coming year, the crypto gender divide may lessen.

In 2021, 41% of crypto owners polled around the world purchased cryptocurrency for the first time. In India, more than half (54%) of cryptocurrency owners started in 2021.

Women made up 47 percent of those interested in crypto who plan to buy it for the first time in the coming year.

Last year, cryptocurrency adoption reached a tipping point, establishing itself as a global economic force and a valuable investment.

On Russian crypto sanctions, the entire globe has harmonized.

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