Algorand Ventures invests in Fracctal Monsters

Fracctal Monsters aims to provide an immersive experience for players. A venture backing this ambition is Algorand Ventures, with its investment in the game. It is a play-to-earn game wherein players are tasked with taming their virtual pets, also known as monsters.

They only need to raise them, engage in battles with them, train their pets, investigate territories and expand opportunities, and help their virtual monsters evolve over time. The announcement was made by the Algorand Foundation, which described the event as a Halloween delight for the gaming community.

Algorand Foundation is ideally planning to introduce several key elements in Fracctal Monsters. Some of them are:

  • Introducing the pVp model for an immersive experience
  • Exploring options to go beyond the digital realm
  • Coming up with a Steam version of Fracctal Monsters in the times ahead

This has been taken positively by the community on X, formerly Twitter, where the announcement first made the rounds. Members have called it great news, with most of them claiming that this was their dream.

Having said that, Fracctal Monsters will soon become a part of the category that has taken the online gaming industry by storm. It will join the likes of Turbo 84, Super Crypto Kart, and Idle Luca in the category of play-to-earn crypto games. Making things interesting for Fracctal Monsters is the facility of earning NFTs and tokens.

The recent announcement comes days after Fracctal Monsters announced going live on the web, Android, and iOS. The Web3 pet care game is a fast-paced combat game with ample opportunities to explore.

Fracctal Monsters has submitted a proposal for $ALGO using the pinned announcement’s hashtag. While it is unknown whether or not ALGO is a native token in the Fracctal Monsters ecosystem, the effects are evident as the token has risen 9.35% over the past week. ALGO was observed trading at $0.1083 at the time this article was written. However, this represents a decline of 0.37% over the past 24 hours. Its market capitalization and 24-hour volume fell by 0.25% and 31.16%, respectively. Nonetheless, the investment by Algorand Ventures in Fracctal Monsters and the latter’s use of a hashtag to tease the token may inspire optimism among ALGO holders.

As for Algorand Ventures, the announcement comes days after it expressed its pride in becoming a whale sponsor for LABITCONF, the largest blockchain and Bitcoin conference in LATAM. Algorand Ventures reported that it will mark its presence at Hacker House, Community Happy Hours, and other events.

Also, Algorand Ventures is fresh from the launch of Perpetual3, an eCommerce platform for Web3. It recently concluded an AMA session on Reddit with Lorenzo Vannucci, the Chief Executive Officer, and Florian Launay, the Chief Marketing Officer of Perpetual3.

Moving forward, and per the reputation that Algorand Foundation has in the industry, the community can expect all the mentioned objectives to be fulfilled in the near future.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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