{"id":15235,"date":"2021-12-13T01:54:53","date_gmt":"2021-12-13T01:54:53","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/fractional-nft-markets-see-significant-growth-in-2021-as-market-cap-surpasses-200-million\/"},"modified":"2021-12-13T01:54:53","modified_gmt":"2021-12-13T01:54:53","slug":"fractional-nft-markets-see-significant-growth-in-2021-as-market-cap-surpasses-200-million","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/fractional-nft-markets-see-significant-growth-in-2021-as-market-cap-surpasses-200-million\/","title":{"rendered":"Fractional NFT Markets See Significant Growth in 2021 as Market Cap Surpasses $200 Million"},"content":{"rendered":"

While the non-fungible token (NFT) economy has exploded in value, another sector of the NFT industry called fractionalization has seen immense growth. A bunch of projects today are dealing with fractional NFTs, which are basically NFT assets chopped into a number of pieces and shared among a community of holders. According to statistics on Sunday, fractional NFTs have an overall market capitalization of around $212.6 million.<\/strong><\/p>\n

Fractionalized NFT Markets Swell<\/h2>\n

Non-fungible tokens (NFTs) have become a billion-dollar industry as digital collectible marketplaces are seeing tens of millions in sales every seven days. The leading NFT marketplace Opensea saw $483.62 million<\/a> in weekly sales last week, and $13 billion in all-time sales. Seven-day metrics show Axie Infinity sold $89.83 million worth of NFTs last week, and $3.79 billion year-to-date. Another growing sector in the NFT industry is fractionalized NFTs, which are tokens that have been cut up into tradeable shards.<\/p>\n

The NFT is split into smaller pieces and people believe that it lessens the barrier to entry into otherwise a very expensive NFT collectibles market. Fractionalized NFTs have been around since the early days, and one classic example is the infamous LORDKEK from the 2016 Rare Pepe Trading Card collectible<\/a> series. The LORDKEK card is one of the few divisible Rare Pepe trading cards and only ten LORDKEK cards were issued. While only eight LORDKEKs exist today, a number of people own 0.00042069 worth of a single LORDKEK card.<\/p>\n

Bitcoin.com News has further written<\/a> about fractional NFT platforms like Otis<\/a>, Unicly<\/a>, Fractional<\/a>, and Daofi<\/a>. Moreover, number of other NFT projects<\/a> have been fractionalized and reports disclosed last week that Amazon has backed<\/a> a fractional NFT project built on the Wax blockchain called Dibbs<\/a>. According to dappradar.com statistics on Sunday, December 12, there\u2019s a couple hundred million dollars worth of fractional NFT markets.<\/p>\n

Fractionalized NFT Market Capitalization Surpasses $200 Million<\/h2>\n

In fact, metrics show there\u2019s currently a market capitalization of $212,666,688<\/a> on Sunday that is composed entirely of fractional NFT collectibles. The largest market valuation belongs to the Doge NFT (DOG) with $130.14 million or 61.32% of the aggregate $212.6 million.<\/p>\n

The second-largest market valuation belonging to a fractionalized NFT is Etherrock #72 (PEBBLE) which has a market capitalization of around $22.73 million. Feisty Doge NFT (NFD) has an overall market cap today of around $18.29 million and Ladypunk (LADY) has a $7.67 million market valuation.<\/p>\n

A dissected Meebit NFT (DSMB) has a $4.3 million market cap making it the fifth largest valuation of fractionalized NFTs. Other top fractionalized NFT contenders include Ape Punk ($3.13M), Antique Zombie Shards ($3.06M), BAYC History ($1.36M), R64X.com ($1.2M), and My Alpha Leaderboard ($1.18M).<\/p>\n

While the fractional NFT DOG has around \u200b\u200b$20.48 million in liquidity, Etherrock #72 and Feisty Doge NFT are the only two fractional NFT markets with over $4 million in liquidity. LADY has $335.33K in liquidity on Sunday and DSMB has around $150.7K.<\/p>\n

What do you think about the fractional NFT markets today and the $212 million market capitalization of fractionalized NFTs? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nBlockchain, Antique Zombie Shards, Ape Punk, BAYC History, Daofi, dappradar.com, Dibbs, dissected Meebit NFT (DSMB), Doge NFT (DOG), Etherrock #72, Feisty Doge NFT, Fractional, Fractional NFT, Fractionalized NFT markets, fractionalizing NFTs, Ladypunk (LADY), LORDKEK card, Markets, My Alpha Leaderboard, nft, NFT industry, NFTs, Otis, R64X.com, Unicly<\/p>\n","protected":false},"excerpt":{"rendered":"

While the non-fungible token (NFT) economy has exploded in value, another sector of the NFT industry called fractionalization has seen immense growth. A bunch of projects today are dealing with fractional NFTs, which are basically NFT assets chopped into a number of pieces and shared among a community of holders. According to statistics on Sunday,…<\/p>\n","protected":false},"author":0,"featured_media":15236,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-15235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15235"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=15235"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/15235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/15236"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=15235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=15235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=15235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}