Fractal introduces “mint on demand” functionality, launching as part of the Fractal Developer toolkit.

One of the many reasons why web3 is appropriate for the gaming use case is that blockchain enables actual ownership of digital goods within a game. Almost everything in a game, from skins to weapons to powers and land, may be purchased, sold, and traded. As a result, games may have millions of assets for sale at any given moment. Putting so many goods on the blockchain can be difficult, both in terms of speed and cost. Despite the fact that current layer 1 chains like Solana are significantly less expensive than their predecessors, the sheer variety of things for sale within a game still poses issues.

Mint on Demand

To address these issues, Fractal is thrilled to offer “mint on demand” capabilities, which will be available as part of the Fractal Developer tools. This feature enables game creators to mint products on the blockchain at the point of sale.

This postpones the expense of minting the item until a player expresses an interest in purchasing it. Rather than defining a collection and paying all blockchain costs up front, minting on demand lets an NFT collection to be built up over time as participants mint things.

Continuous monetization

Mint on demand allows games to generate mint revenue in a smoother and more predictable fashion. Developers can have items for sale inside their game in a virtual storefront, 365 days a year, and slowly and surely sell out these collections over time, rather than rely on periodic “drops” that starve the developer of necessary cash flow to fund development.

New types of assets

Minting on demand may also change the nature of the items being minted. Without this feature, games are incentivized to keep their collections narrowly defined. Now, games can be more experimental in what they make available to mint. There is little risk of failure because there is no cost until a player expresses interest in minting an item. We’ll likely see new and interesting asset types being minted inside games.

Dynamic assets

Mint on demand opens up a lot of interesting opportunities for UGC (user generated content). Because the assets aren’t minted until time of sale, the NFTs themselves can be dynamic, incorporating metadata on the fly based on game-play. For example, perhaps a player unlocks a certain level inside a game. That player can be given the option of minting an NFT that embeds properties of that player into the NFT itself (perhaps the players name), forever memorializing the player who brought that asset into existence.

Furthermore, some games may allow players to customize or construct their own assets. For example, a player may build structures or maps for use inside a game. If some of these items never find a buyer, no harm done. But the items that find buyers will become part of a dynamic and growing collection.

How to get started

More information on how to mint NFTs in-game is available at developers.fractal.is. Once you have your API token, simply specify the metadata of the NFT you want to be minted, and Fractal will return a transaction to mint the new item. To further simplify your workflow, they manage the treasury and update authority wallets on your behalf.

About Fractal

Fractal is a marketplace for in-game assets and virtual worlds on Solana, durable assets that let you do something inside a gaming universe. The Fractal mission is to create an open platform for the free exchange of digital goods.

Website | Twitter

SOURCE

https://fractal.medium.com/introducing-mint-on-demand-4491c75589dc

REQUEST AN ARTICLE

The post Fractal Introduces Mint on Demand appeared first on Smart Liquidity Research.

Seeing the opportunity in Avalanche

In terms of time-to-finality, Avalanche is one of the blockchain industry’s quickest smart contracts systems. Avalanche is well-known for being extremely interoperable, enabling the construction of several subnets while its blockchain serves as a common platform. Furthermore, it provides tremendous scalability; 4,500 TPS at minimal gas expenses.

Fractal DID for Avalanche ecosystem

Unlike earlier implementations of Fractal ID with separate platforms, establishing DIDs for the whole Avalanche ecosystem exposes benefits for dApps on Avalanche that are unique in the crypto realm.

No-touch open DID registry

The DID registry is a privacy-preserving identity verification commons that enables direct on-chain identity verification.

As soon as the user connects their wallet, the dApp will be able to toggle the registry and discover the user’s identity credentials. That’s it. That’s how easy onboarding even for full identification requirements or proof-of-personhood use cases can be, maintaining the user’s privacy while providing a safe Web3 environment for building. (See Figure 1.)

One login, access to all Avalanche dApps

Leveraging Fractal DID provides users with the ability to use different Avalanche dApps. Moreover, the DID registry is open not just for Fractal credentials. That means, whether you have Fractal ID or starting your KYC journey from scratch, you can still connect to the DID registry to access Avalanche’s networks.

Using Fractal, the process for new users is simple: When a user uploads their identification documents (e.g. identity card, residency proof) Fractal will verify these documents and issue verifiable credentials that can be selectively disclosed at user’s consent. Furthermore, these credentials are reusable, enabling users to present them across different networks and platforms.

Once a user verifies their identity for a dApp, they are instantly ready to use any other dApp without needing to go through a new KYC journey as Fractal verifiable credentials (VCs) are interoperable across all Avalanche networks. (See Figure 2.)

Benefits of Fractal deployment on Avalanche

Fractal deployment on Avalanche aims to create a safe and privacy-preserving ecosystem for builders and users alike.

This implementation brings significant benefits to Avalanche ecosystem users, including:

• Enabling Avalanche to seamlessly tap one of the broadest Web3 communities with access to 150k+ pre-verified Fractal users who can be seamlessly onboarded with a click of a button.
• Ensuring a regulatory-compliant ecosystem that protects users’ privacy as well as the network’s reputation.
• Bringing back data ownership to users by providing them with reusable, selectively-disclosable verifiable credentials.

About Fractal

Fractal’s mission is to empower and incentivize users & businesses to exchange data in a privacy-preserving way so that the balance of power and control between web platforms and their users is restored. Find out more in their roadmap for 2022.

 Website | Twitter

About Avalanche

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.

Website | Twitter

SOURCE

https://medium.com/frctls/fractal-x-avalanche-bringing-decentralized-identity-to-the-avalanche-ecosystem-71df89a5a0d

The post Deploying Fractal on Avalanche appeared first on Smart Liquidity Research.