How will Fractal be different from other NFT marketplaces
Fractal, founded by Justin Kan, is a game-focused NFT marketplace where developers can launch their blockchain-backed digital assets and users can buy, sell, and trade them.
Fractal seeks to be different from other popular NFT marketplaces, focusing on game-specific features. Let’s dive into what makes Fractal stand out and what products they offer.
What is Fractal?
Fractal is a digital art trading platform leveraging decentralized technologies for Non-Fungible Tokens (NFTs). It acts as an integrated digital art marketplace, with an innovative approach in how people can buy, sell and trade their works. Fractal’s main goal is to unlock a new economy through NFTs and create an art commodity accessible from anywhere in the world.
Fractal offers digital artists a toolkit to transform their creative work into tokens, attaching data about its ownership, such as title, description, and ISBN. At the same time, they provide both buyers and sellers with trusted provenance capabilities— eliminating disputes over authenticity or transfer issues that may arise when dealing with online artwork transactions. This will help create a fair ecosystem where creative work is recognized and valued globally.
The Fractal wallet offers unique features not seen before in traditional art marketplaces such as direct payment support via bitcoin (BTC) or compatible ETH tokens integration & smart contracts that enable direct contracting between buyers & sellers directly on the platform. Additionally, through its curated non-fungible token auction system, users can bid auctioned artwork pieces against each other in real time without involving third-party fees. The fractal platform also supports user inventory tracking & organization features allowing users to keep track of their NFT collections even after depletion from their wallets or exchanges outside the platform.
What makes Fractal unique?
Fractal is a new NFT marketplace to revolutionize how these digital collectibles are bought and sold. The platform not only brings together a perfect combination of leading technologies, but also has the potential to become one of the most interesting art marketplaces in recent times. This article will explore what makes Fractal different from its contemporaries.
Fractal stands out due to its innovative approach to NFTs, by offering features that are unique to this platform including:
- Pairing with Smart Art: A patent-pending process enables users to pair their NFTs with artwork stored on-chain and immutable.
- Live Auctions allow buyers and sellers to compete for an asset in an open auction environment, providing extra liquidity for owners at scale.
- Governance Model: Fractal introduces a dynamic platform where users can vote on how changes should be made, allowing it to be self-sustaining over time.
- Decentralized Verification & Protection Protocols: A sophisticated blockchain protocol provides significant levels of security, while verification clusters ensure trust in transactions across all network participants.
These revolutionary features make Fractal stand apart from other NFT marketplaces as they offer greater security and transparency when buying and selling digital artworks or collectibles. Through its innovative approach, Fractal ensures that collectors can effectively engage with their art on the platform without worrying about third parties tampering or counterfeiting their items.
Justin Kan’s Fractal raises $35M for game-focused NFT marketplace
Justin Kan’s Fractal recently raised $35M in funding to continue developing their game-focused NFT marketplace. They plan to differentiate themselves from other NFT marketplaces by introducing features allowing users to easily buy, sell, and borrow NFTs. They will also provide unique analytics tools, game-related items, and more.
Let’s delve further into how Fractal plans to differentiate itself from other NFT marketplaces.
Focus on gaming
Fractal is a decentralized, non-fungible token (NFT) marketplace built on the Ethereum blockchain. Unlike most NFT marketplaces, the platform focuses on gaming and the gaming assets built on its chain. Games, characters and worlds for users to explore will be featured on Fractal. Instead of just holding or trading collectibles and art pieces, users can engage with these virtual assets as if they were part of a video game.
By encouraging more interactive user engagement over simple collecting/trading of digital assets, Fractal seeks to usher in a new era of digital asset management. The game feature will enable users to build an online persona by allowing them to interact with other players by participating in battles or forming coalitions, develop their strategies by buying and crafting new weapons/armor/items and customize their avatars using all kinds of NFTs available on the platform.
Additionally, developers are incentivized to build games using air drops which would help create more innovative applications running off the Fractal platform; users would be able to earn rewards for playing these games or receive discounts for staying active in any given world/campaign etc., thus furthering their engagement with the environment and spurring innovation as well as creation within that space.
Integration with existing gaming platforms
One key differentiating factor of Fractal will be its direct integration within existing gaming platforms. This integration will allow gamers on these platforms to trade their non-fungible assets with each other seamlessly and securely. By combining the Ethereum blockchain technology with an intuitive user interface, trading these assets can be done privately, trustless manner. Additionally, it will enable gamers to sell their in-game items to other players directly on the platform, allowing for an efficient and secure way to profit from their assets.
It is also important to note that Fractal will provide additional security measures with each transaction performed on its platform including: tiered authentication methods for users, fraud prevention algorithms for detecting suspicious activity across its network, and dApp security protocols. These measures ensure that users can make secure transactions without worrying about having their data or investments compromised. Additionally, it provides more protection against hacks while eliminating the manual processes associated with non-fungible asset trading.
Fractal is a digital marketplace that will provide users with a cutting-edge platform experience. We understand that crafting an intuitive, efficient, and enjoyable user experience is key to creating true value within decentralized networks and ecosystems. Therefore, we aim to give users the tools to explore, discover, and monetise their creative work in different use-cases throughout the NFT ecosystem.
We have crafted our platform with these three guiding principles:
1) Inclusivity – Fractal seeks to create an environment where everyone from avid collectors, to creators looking for a financial return on their art can join confidently. We fully support the concept of personal control over digital assets, enabling anyone with internet access to participate in our network.
2) Education – Our team has developed detailed instructional manuals and informational tutorials for each specific feature we provide. From contributing artwork and artwork validation processes to placing NFTs on marketplaces, we ensure that users get the much needed resources from us even with minimal prior knowledge on Blockchain concepts or NFTs so they can use Fractal seamlessly.
3) Efficiency – We are constantly optimizing processes throughout our website, including tokenomics models and smart contracts, so Fractal users have fast access times when creating and managing their digital assets.
Benefits of Fractal
Justin Kan’s Fractal, a game-focused NFT marketplace, has recently raised $35M to create an entirely new experience for NFT marketplaces.
Fractal will have features to make it stand out from the competition, such as a direct-to-fan marketplace, maker-owned NFTs, and more. So, what benefits will Fractal provide that other NFT marketplaces do not? Let’s take a look.
Fractal is working to provide the ultimate user experience for accessing and trading NFTs. Trading in the digital asset space has historically been painful, with high transaction costs and limited liquidity. Fractal seeks to address these issues by providing unprecedented accessibility and an intuitive interface that allows users of any skill level to easily browse digital collectibles.
Fractal will provide users access to a large marketplace of authenticated digital assets powered by Ethereum technology, which will have a wide range of appeal for casual observers and those actively seeking investment opportunities. In addition, the platform will include several innovative features such as advanced tools for portfolio tracking, automatic price alerts, NFT ranking systems and newsfeeds, making it easier to research and invest in the new asset class.
In addition, Fractal also boasts one of the most comprehensive governance systems available on any market. The platform will emphasize community control through its voting mechanisms and decentralization parameters that further cement users involvement in the system’s evolution. This ensures that all aspects of Fractal remain user-focused while preventing oligopolistic takeovers or excessively monopolized NFT landscapes from developing. By creating this accessible environment for global users to purchase digital assets without any major fees or challenges typically associated with them, Fractal will set an entirely new bar for NFT marketplace accessibility.
Fractal is a non-fungible token (NFT) marketplace that combines the highest levels of security with frictionless trading. By leveraging the power of blockchain technology, Fractal ensures that transactions are secure and that users are in control at all times.
The platform offers a variety of features designed to enhance user experience and protect investors’ privacy, including encryption for each transaction and two-factor authentication for account sign up and login. Transactions on Fractal also use smart contracts to automatically release funds once a transaction is complete. This ensures there is no possibility of fraud or manipulation as both counterparties must agree to any changes or additions to the terms at the point of sale.
As an added security measure, Fractal provides users with their wallet address to protect their funds from other external sources and ensure their funds remain tracked throughout the process.
Fractal is designed to reduce the fees associated with buying and selling fully digital non-fungible tokens (NFTs). Our philosophy of low fees is aimed at encouraging both the buying and selling of digital items on the Fractal marketplace while also creating an environment where users can maximize their profits. With our no-fee policy, buyers can benefit by spending less per transaction. At the same time, sellers can enjoy extra profits since they can keep more of their sales revenue instead of giving away a larger percentage of it in transaction fees.
Fractal also offers a fixed fee structure for all purchases and sales. This feature encourages stability, making pricing easier for buyers and sellers looking for predictable costs when engaging in transactions. Additionally, sellers will benefit from having fixed costs regardless of the number of transactions made or value per item sold, allowing them to better plan out their expenses before starting.
Finally, our commitment to low fees generated from sustainable sources contributes to a healthier ecosystem where everyone involved can experience true growth and reward for their work instead of depleting resources such as money that would otherwise be lost to unnecessary expenses. As such, Fractal seeks to provide an affordable NFT marketplace that rewards creators for their hard work and entails respectable fees for all participants involved in the marketplace – regardless of size or expenditure range.
Justin Kan’s Fractal is a game-focused NFT marketplace that challenges existing NFT marketplaces. It has raised $35 million in its latest round of funding.
As with any new venture, Fractal is sure to face several challenges. This article will shed light on some of the challenges Fractal will likely face as it enters the NFT market.
In recent years, the non-fungible token (NFT) market has seen explosive growth. This unprecedented shift has created a surge in the demand for various NFTs, such as art, collectibles and gaming assets. With this increased demand come many new marketplaces aiming to facilitate NFT transactions between buyers and creators.
Most of these marketplaces are centralized and feature many challenges, such as slow transaction speeds, high trading fees, poor user experience and little to no custodianship or third party action built into their services. Fractal aims to differentiate itself by providing an NFT marketplace where the problems are minimized or solved entirely.
Fractal takes a hybrid approach to its marketplace by utilizing blockchain technology and off-chain storage solutions to provide low trading fees and increased transaction speeds while still allowing users to maintain ownership of their assets at all times. Security features are also implemented into the system via automated smart contracts that ensure transparent transactions between all parties while protecting against certain risks such as fraud or data leakage. Furthermore, every user’s private keys are encrypted with multiple layers of encryption to ensure absolute safety for all parties involved.
These features will set Fractal apart from other existing NFT Marketplaces that may be limited by either lack of security or existing infrastructure which may not be built for scalability or prevention from malicious actors. Furthermore, through sophisticated approaches towards transaction speeds and custodianship with built-in security mechanisms, Fractal will be one of the key players in marketplace development within the world of non-fungible tokens.
The existing regulatory uncertainty is one of the biggest challenges in the NFT space. While certain jurisdictions have taken steps to regulate the NFT market, vast swaths of existing and potential users remain excluded because their jurisdictions lack any kind of meaningful regulation. This impedes any type of large-scale adoption for NFTs.
The good news is that Fractal is tackling this issue head-on. With a robust board of advisors well versed in technology, finance, and legal issues, Fractal is uniquely positioned to handle ever-changing regulations in a measured and efficient way.
Fractal’s team includes blockchain engineers with deep experience working with regulators from around the world; lawyers knowledgeable about emerging digital asset regulations and Securities & Exchange Commission (SEC) requirements; compliance experts who understand how to design and build legally compliant products; analysts who understand how to build systems that support new regulations; and experienced strategic professionals who can communicate effectively with government stakeholders at all levels.
These professionals are part of a multi-disciplinary approach to ensure Fractal offers the most secure, compliant, and compliant user experience possible. In addition, by establishing relationships with governments worldwide, Fractal hopes to drive wider cryptocurrency adoption by removing existing knowledge barriers between industry stakeholders and regulatory bodies through education and dialogue on NFTs. In doing so, Fractal is trying to lead as both an innovator in technology policy and an active participant in international crypto markets.
Fractal is dedicated to creating a healthy and flourishing NFT segment. To ensure this, Fractal aims to provide users with the highest degree of liquidity, enabling buyers and sellers to transact easily and secure immediate access to funds. Fractal uses several features such as Automated Market Makers (AMM), Public Limitbook (PLB) and other order-book based approaches to increase liquidity.
With AMMs, users can make trades without waiting for their orders to be filled. This is because these orders are immediately executed thanks to the automated process that adjusts supply and demand through market makers’ contracts. Moreover, some of the most popular trading pairs will feature higher liquidity via PLB models that allow more efficient matching of buy/sell orders with real-time best bid/ask prices. Similarly, more advanced algorithmic order books can be used for trading pairs with lower volumes to ensure markets remain liquid regardless of their activity level on the platform.
Additionally, owners can conveniently place bids for any tokens (or collectibles) they seek using exclusive Bidding Protocols that automate transactions representing a win-win situation no matter which side of the trade you are on securely. As such, Fractal is designed from the ground up to provide users with an unprecedented degree of liquidity across both its NFT spot markets and upcoming derivatives products to give participants full access to their assets at all times.
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