Justin Kan’s Gaming NFT Platform Goes Live, Recovers From $150K Discord

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2021-12-31 22:17:11

The Solana-based marketplace officially launched on Thursday after Kan himself fell victim to a total scam.

Since announcing his plans to launch the NFT fractal market in early December, Twitch co-founder Justin Kan has been one of the busiest men in crypto.

Through a marketing campaign on Twitter and the promise of a non-fungible token (NFT) airdrop, it took Kan and his team just 10 days to grow the platform’s Discord team to over 100,000 members.

But after pushing the launch date of the Solana-based marketplace until Christmas Eve, a scammer hacked the Fractal Discord server’s verification bot and sent a link to a fake droplet, earning more than $150,000. la in SOL from unsuspecting victims before being shut down.

“I can smile, you know, at least it’s not worse,” Kan, who has paid back users using his own bank, said in an interview with CoinDesk. “It definitely brought our team together.”

Kan, who has recovered from a rough week for the Fractal, is now launching a platform that promises to grow the Web 3 gaming space. While NFTs are an emerging platform of blockchain-based gaming, very few are out. Real third-party platforms exist exclusively for their commerce.

Top games

Fractal’s first gaming partnership includes more than a dozen Web 3 titles such as the user-owned metaverse game The Sandbox and play-to-earn games genopets and Syn City. The platform serves as a marketplace for users to purchase NFTs directly from companies for use in games as well as a secondary market for peer-to-peer trading.

Integrating NFTs into video games has received some feedback in recent weeks from the gaming community at large, but Kan believes the technology will certainly find its place in the industry.

“The idea that in-game items could have value already existed,” Kan said, pointing to World of Warcraft’s gold-driven economy as well as Counter Strike, where users paid up to $150,000. for a skin.

While the debate is still ongoing about which parties will benefit most from the presence of NFTs in the game – gamers or game companies – Kan believes that formal ownership of the playing assets The game will ultimately benefit the user.

“Build [NFTs] into a programmable platform like we’re doing, I think it’s just a very pro-user move, even if some people haven’t seen it yet,” Kan said.

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