|All Time High:|
|Market Cap: |
|The price of #FCL today is $0.017 USD.|
The lowest FCL price for this period was $0, the highest was $0.017, and the current live price for one FCL coin is $0.01722.
The all-time high FCL coin price was $1.30.
Use our custom price calculator to see the hypothetical price of FCL with market cap of ETH or other crypto coins.
|The code for Fractal crypto currency is #FCL. |
Fractal is 1.8 years old.
|The current market capitalization for Fractal is $3,953,081.|
Fractal is ranking upwards to #627 out of all coins, by market cap (and other factors).
|There is a modest volume of trading today on #FCL.|
Today's 24-hour trading volume across all exchanges for Fractal is $13,097.
|The circulating supply of FCL is 229,509,557 coins, which is 49% of the maximum coin supply.|
Bot Free Web3 Games: Why Gamer Uniqueness Is Important
Play-to-earn and GameFi Web3 platforms are standing out as the major emerging sectors in the gaming industry, with some reports estimating that the Web3 gaming industry will grow to reach ±$125 billion by 2025. However, recent reports indicate that ±40% of Web3 gaming users and traffic is composed of bots. The same report also shows that ±$200 million are being stolen each year from Web3 games by multi-accounting and automation fraud. In turn, these bots and sybil attacks can drain the play-to-earn liquidity pools, and steal the opportunity from the real gamers. Here, we explore how uniqueness provided by decentralized identity can protect platforms from bot and sybil attacks, and how that can be done in a privacy-preserving way. — What is Web3 gaming? - According to a survey by Worldwide Asset eXchange (WAX), 62% of gamers would be more likely to invest in digital assets if they were transferable between games, and 84% of developers would create in-game items for the same reasons. As Web3 games are games that use NFTs, decentralized ledgers, smart contracts, or are built on the blockchain, this differentiates them from traditional gaming apps by enabling interoperable ownership of in-game assets and making these assets interoperable across different games. As in traditional games, users can own digital assets (e.g. skins, tokens, rewards) in Web3 gaming. However, unlike traditional AAA games which tend to lock us...
Decentralized Identity Use Cases: DIDs For Safe On & Off Ramps
On and off ramps, also known as crypto-to-fiat and fiat-to-crypto exchanges, are the first platforms that users visit to onboard into the crypto ecosystem. As these platforms advocate for decentralization and privacy, they may not require KYC for onboarding, making them quite attractive for criminals to cash in and cash out while maintaining anonymity. In turn, this makes these platforms vulnerable to regulatory lawsuits, compromising the sustainability of the platform and its users, and standing as an obstacle in the way of mass adoption. Here we explore how on and off ramps work, challenges of anonymity and criminal activities on these platforms, and how decentralized identity can add a layer of security to on and off ramps, establishing balance between data privacy and platform security. — What are on and off ramps in crypto? - On and off ramping is the process of exchanging cryptocurrency with fiat currency and vice versa on certain exchange platforms that enable this service. On Ramping is the process of exchanging fiat currency for cryptocurrency (e.g. you have 100 USD and exchange it for 100 USDT), whereas Off Ramping is the opposite process; exchanging cryptocurrency for fiat (e.g. you have 100 USDT and exchange it for 100 USD). Ramping is considered the first step any user needs to take to start their cryptocurrency growth journey. — Why is identity important for on and off ramps? - Pseudo-anonymity i...
Decentralized Identity Use Cases: DIDs for Safe & Secure Launchpads
Launchpads have been growing in popularity since 2020 and the trading volumes have been increasing as well, reaching ±$36M in 24h trading volume. Launchpads are considered decentralized platforms for new crypto projects to fundraise and investors to find authentic projects to fund. However, due to the pseudonymous nature of most crypto-based projects, launchpads are prone to bot attacks and sybil attacks, and face the risk of facilitating illicit activities or failing to comply with crypto regulations. In this research article, we explore how KYC and decentralized identity can establish grounds for safe and secure launchpads for startups and investors. — What does launchpad mean in crypto? - Launchpads, also known as crypto incubators, are decentralized platforms where projects can launch new tokens, coins, or protocols. Launchpads offer a significant opportunity for both startups and investors. Web3 startups and projects have a difficult time finding traditional investors and venture capital opportunities, making launchpads a better alternative to find Web3 communities, enthusiasts, companies, and individuals willing to fund like-minded startups. Additionally, launchpads provide investors with a space to find novel and innovative Web3 projects, and offer them early access to projects and tokens at lower prices as they are still in the presale stage. — Why is identity important for launchpads? - The pseudonymou...
Guide to MiCA & TFR: How Crypto Regulations Affect Businesses
Crypto Regulations: Markets in Crypto-Assets (MiCA), the first attempt at creating a comprehensive regulatory framework for crypto-assets, crypto assets’ issuers and service providers in Europe.. — On June 30th 2022, the Council presidency and the European Parliament reached a provisional agreement on the markets in crypto-assets (MiCA) proposal which aims to develop a European approach that fosters technological development and ensures financial stability and consumer protection. According to Consillium Europa, this regulatory framework will protect investors and preserve financial stability, while allowing innovation and fostering the attractiveness of the crypto-asset sector. However, this framework will have significant implications on how crypto-based platforms can carry on providing their services to users. In this article we are exploring in detail: What MiCA is, What MiCA entails, What TFR is, Crypto assets service providers (CASPs) affected by these regulations, Decision about NFT regulation, How businesses will be affected by MiCA and TFR, and what you can do about it, — What is MiCA? - In a nutshell, MiCA to crypto is what GDPR is to data privacy. A framework that regulates the work of issuers of unbacked crypto assets, stablecoins, trading platforms and wallets in which crypto assets are held. MiCA regulates issuers and service providers of crypto-assets, as well as it features rules w...
Decentralized Identity Use Cases: DIDs For Fair Bot Free Airdrops
Crypto and NFT airdrops are trending strategies among crypto startups to initiate interaction and establish relationships with their communities by enabling them to earn free tokens. A report from March 2022 shows that participants in some of the top airdrops on Ethereum were able to establish a portfolio worth ±$30K USD. However, as with all pseudonymity-dominated environments, airdrops are prone to bot attacks that may drain liquidity and steal the opportunity from the businesses’ real users. In this article, we explore how decentralized identity can establish grounds for fair airdrops and protect crypto platforms from harmful bots. — Exploring the current status of crypto airdrops - Airdrop campaigns involve sending free tokens/NFTs to user wallet addresses in aims to promote awareness about a certain token or brand.Figure 1. Token airdrop popularity in the past 5 years — Source: Google Trends Token airdrops have been rising in popularity in the past 3 years as more businesses are realizing the importance of such marketing efforts. However, airdrops suffer from multiple challenges, including sybil and bot attacks. For example, early on in January 2022, trading bots cleared hundreds of Ethereum from the WTF/WETH liquidity pool on Uniswap leaving the users frustrated and the liquidity pool drained. — Why fair airdrops are important - Airdrops help DApps grow in numerous ways such as: Increasing a...
Decentralized Identity Use Cases: DIDs for Bot Detection & Protection
Fractal and Common Ground are partnering to combat unwanted online bots and promote democratic access control.. — Fractal is proud to announce our partnership with Common Ground, the all-in-one communication platform for DAOs & Communities. Common Ground is a more social, more secure, and more web3 powered alternative to platforms like Discord or Slack. Combining real-time text and voice chats with community blogs and native governance integrations for easy-access decision-making for communities. Fractal is supporting Common Ground by bringing our DID registry to the platform, to empower communities to build bot-free spaces for collaboration and communication. An onboarding process that is easy and simple for the community managers and users. — Why Web3 platforms need anti-bot protection - Almost all Web3 platforms are community-focused and community-curated. Especially messaging platforms that aim to provide a space for like-minded people to think, collaborate, and launch campaigns and events together such as token or NFT airdrops. Unfortunately, web3 opportunities still suffer from unfair participation due to bad bots — comprising ±40% of online traffic. Although platforms have been trying to combat bot attacks with bot management solutions such as CAPTCHAs, these solutions come with high false positive rates, blocking real users from great opportunities. Here’s where Fractal can help. — Fr...
Moving Towards Decentralized Identity
Fractal speaking in DappCon Berlin 2022 introducing the community to our product spectrum. — Fractal’s team is here at DappCon Berlin to stop and say hello to enthusiasts, developers, and users concerned about data privacy. We kicked off the week with our CTO’s short talk about decentralized identity and how Fractal is enabling private data sharing on Web3, and we are staying throughout Berlin Blockchain Week to meet up with you! If you missed us on Monday, this is what we had going on! — Identity for Web3: Privacy Preserving Transaction Authorization (The Talk) - Decentralized identity is a privacy-preserving commons for identity verification and data sharing. It enables users to issue and leverage verifiable credentials (VCs) that point to certain attributes of their identity (e.g. age, residential country) which they can selectively disclose to onboard to certain platforms or access different services and DApps. — Embracing the mess - Decentralized identity standards have been around since 2005. However, to quote our CTO, Julio Santos, we need to start building, tune out the identity maximalists and stop waiting for perfect solutions. This is because identity verification is messy, regulatory compliance is messy, supporting users is messy, and so nobody wants to take responsibility. But Fractal does. Fractal embraces the mess. Starting from regular KYC/AML, we found utility in the crypto space ...
Fractal x Polytrade: Decentralized Identity For Safe & Private Trading
Explore Fractal’s first DID deployment on Polytrade platform. — Fractal is proud to announce our partnership with Polytrade, the blockchain-based decentralized protocol that aims to transform receivables financing & connect buyers, sellers, insurers, & investors for a seamless trading experience. Fractal is supporting Polytrade by providing decentralized identity to the Polytrade platform, enabling seamless onboarding, safe trading, and privacy-preserving collaboration. — Tackling the challenges of Web3 trading - Web3 trading platforms open all kinds of opportunities for users to lend and borrow, collaborate, and boost their growth in a decentralized fashion. However, statistics show that many users are still hesitant to grasp these opportunities due to their fear of having their data exposed or hacked. As Polytrade aims to provide safe trading opportunities for its users, they are leveraging Fractal’s DID registry to optimize their users’ experience and provide them with a safe environment for growth. — The open DID registry to ensure seamless onboarding and safe trading on Polytrade - Fractal’s open DID registry is a privacy-preserving identity verification commons that enables direct on-chain identity verification. It enables a no-touch onboarding experience such that users don’t need to interact with Polytrade at all. Instead, once the user connects their wallet, Polytrade will be abl...
Fractal x Aurora: The Aurora Ecosystem Tapping Into The Open DID Registry
Fractal is happy to announce our partnership with Aurora, the Ethereum Virtual Machine (EVM) that enables developers to create smart contracts for the Ethereum network. Fractal is supporting Aurora in creating a safe and compliant ecosystem for users and developers by deploying our privacy-preserving DID registry enabling them to use DIDs and jump from one dApp to another. — Understanding the opportunities of the Aurora ecosystem - Aurora is an EVM created by the NEAR Protocol team with the aim to provide developers with an ecosystem to operate a wide range of dApps (e.g. DeFI, gaming, DAOs) on an Ethereum-compatible and scalable platform at low transaction costs. The layer-2-like speed and scalability, as well as the versatility of dApps that can be operable on Aurora provide a remarkable opportunity for developers that want to extend their dApps reach to multifaceted markets. Aurora also provides developers with all familiar Ethereum developer tools, dApps, oracles, and more such as Etherscan, Curve, The Graph, Infura, etc. And here’s where Fractal can help users and developers easily grasp these opportunities! — Why the open DID registry fits the Aurora needs - DIDs, also known as decentralized identifiers, are pointers to specific attributes in one’s identity (e.g. passport number, age, KYC status) that can be selectively disclosed to trusted third-parties without compromising the privacy of one’s da...
Fractal Turning Vision Into Action in Summer 2022
Explore Fractal's plans to launch improved new product features, jump on exciting partnerships, release the FCL bridge, and more.. — At the beginning of 2022, we promised you that we are working to increase the compatibility of our technology with the Web3 market and continue to empower businesses and individuals to privately and transparently share their data. In this article, we want to share with you the progress we have made in Q2 and explore with you our plan for the rest of 2022 including new product features and launching the FCL bridge. — What we’ve done so far - We are proud to say that we’ve had an exciting year so far. We have partnered with some of the biggest ecosystems like Avalanche, as well as key players like CrowdSwap, ReBaked, and Beamswap, adding an identity layer to NFT platforms, DAOs, and launchpads to foster safe and private environments for users. We have also announced our updated FCL incentive model that will incentivize people around the world to join our Fractal ID community, inspire developers to build on top of technology, encourage community members to actively share the word about what we’re building, and reward stakers of FCL for believing in our long term vision. As for what we are strongly committed to, which is establishing grounds for global use of decentralized identity, we have had great success in developing our ID product to satisfy market needs. So far, we...
More Fractal (#FCL) News
|How the $35M Fractal Just Raised Could Rock the NFT Space (Op-Ed)
The announcement came on April 1, but it was no joke. Neither was the amount raised, $35 million USD, a tidy sum. Justin Kan dropped a hint of what was ahead for Fractal last month, tweeting, “Yeah, I built Twitch, it has millions of users & gaming NFTs are way bigger.”
Ten days before launching the NFT marketplace on Dec 30 last year, Fractal announced the launch, and by the time it went live, the Fractal Discord had accumulated some 107,000 followers, according to Kan in an interview with GamesBeat.
Paradigm and Multicoin Lead $35M Seed Round
Along with Menlo Park, California-based Andreeson Horowitz, Solana Ventures, Coinbase, Animoca Brands, Play Ventures, Position Ventures, Zynga founder Mark Pincus, Crossover, Shrug Capital, TerraForm CEO Do Kwon, Tim Ferriss, and the founders of Ramp along with many others joined the round.
Kan, however, took to Twitter to remind stakeholders in the Fractal and NFT community, as well as any start-up entrepreneurs looking on that, “it’s not the size of your seed round it’s what you do with it.” With the crypto market in bloom with echoes of NASDAQ in the late 1990s, it’s an important admonition for both crypto-investors and startups.
Here’s what Kan says Fractal has in the works with the fresh infusion of private capital raised three months from launching:
“Crypto never sleeps. We’re building stuff super fast, very product-driven, it feels like we’re defining how value&rs...