By Harry - Crypto Specialist - 31-12-2021
The Non-Fungible Token (NFT) industry has really taken off over the last couple of years. Although one specific category has seen an exponential rise as many investors look to buy crypto gaming NFTs. Game-backed NFTs are in high demand and this is likely due to the games themselves growing popular in the crypto community. NFTs are an essential component in order for users to play the games the collections are connected to, most NFT games first require the purchase of an NFT to be able to access the game. Many NFT games allow players to buy, sell, and trade crypto assets, for example NFT land plots. In recent news, co-founder of Twitch, Justin Kan, has announced the release of a new NFT marketplace platform.
Kan introduced an exchange platform, Fractal, where investors can purchase and sell crypto art tokens. More specifically, the marketplace is niched to game NFTs. The news initially broke around 2 weeks ago during an audio chat room. Kan gave over 111,000 Discord users in the Fractal chat room an early bird reveal of the company’s latest developments. Since the platform's debut, Fractal’s largest transaction was for an NFT dubbed “Baby Scoot.” Baby Scoot had sold for 4 Solana (SOL), which was valued at around $680 at the time of purchase. The crypto-asset exchange allows users to buy and sell Solana-backed NFTs as well as hold the NFTs within the marketplace.
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