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NFT sales volume broke four-month downward trend in December 2021

Non-fungible token (NFT) marketplace volumes had been steadily decreasing between August and November 2021. December broke that trend, according to The Block Research.  Monthly NFT volumes for Ethereum-based marketplaces increased 16.6% from November to December, reaching $2.26 billion in the last month of 2021.  Possible explanations for December’s rise in sales volume could be increased interest in Bored Ape Yacht Club (BAYC) and gaming-focused NFTs during that month.  In late November, the UK-based crypto payment firm MoonPay introduced a service …

The gaming-focused NFT platform Fractal officially launches

The gaming-focused non-fungible token (NFT) marketplace Fractal —  launched by the video game streaming platform Twitch co-founder Justin Kan and other media entrepreneurs Robin Chan, David Wurtz and Mike Angell — officially went live today. Fractal is a primary and secondary market for NFTs that have utility in games, as The Block previously reported. Game companies can mint and drop gaming NFTs for its fans, and players can sell NFTs to each other in the peer-to-peer marketplace.  “NFT’s are like …

Twitch co-founder’s Fractal NFT project gets hijacked — $154,000 stolen

Quick Take Ahead of the project’s launch, a bot used for its Discord channel was hacked. The perpetrator put a link to a fake NFT site, which sucked money from unsuspecting users. Usually when an NFT project drops, the one safe space is the announcements channel — it’s the only place (except perhaps the FAQ) to look for the official website to mint the NFTs. Only in this case, it was a false friend. Ahead of the launch of the …

Twitch co-founder Justin Kan launches a gaming NFT marketplace

Justin Kan, the co-founder of the video game livestreaming service Twitch, and other gaming industry entrepreneurs are launching a Solana-based marketplace designed for gaming non-fungible tokens (NFTs) called Fractal. Fractal will act as a primary market, in which gaming companies can drop new products for fans, as well as a secondary market where users can sell their NFTs to each other. The Fractal team also hopes to develop new use cases for NFTs in gaming, Kan wrote in a Medium …