Fracton Protocol, an NFT fractionalization platform, has reached a significant milestone by surpassing $3 billion in trading volume on Kucoin. The platform, which launched its line of fractional hiNFT tokens just 10 months ago, has enabled retail traders to access high-value NFT collections and unlock liquidity in the process. Fracton Protocol has revolutionized the NFT market by breaking down high-value NFTs into small fractions of fungible tokens, making it possible for anyone to own and trade them. This approach has made it easier for retail traders to access collections such as BAYC or CryptoPunks, previously only accessible to a select few.
Fracton’s infrastructure centers around meta-swap, a tool that breaks down high-value NFTs into 1,000 ERC-1155 tokens, resulting in individual people’s BAYC NFTs. Each of these NFTs is further divided into 1,000 ERC-20 tokens known as HiBAYC. So far, Fracton has already broken down over 25 blue-chip NFT collections, which traders can access via Kucoin and Uniswap.
Fracton’s HiNFT tokens represent a series of NFT ETFs backed by a basket of fractionalized NFTs stored on-chain. These tokens allow holders to gain exposure to their respective NFT collections instead of having to buy the individual NFT itself. Fracton’s ecosystem includes a governance token, the Fracton Token (FT), which serves as the primary payment mode on the platform and provides access to fractionalized NFTs.
Fracton Protocol’s innovative approach has played a significant role in propelling the NFT market forward, and its recent achievement is a testament to its success. Fracton’s efforts have made it possible for more individuals to easily access and trade NFTs, providing investors and collectors with the opportunity to diversify and access liquidity from their collections.