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As non-fungible token (NFT) collectibles became popular, the fractionalized NFT market grew past $200 million seven months ago in December 2021. Since then, the fractionalized NFT market has lost more than 76% in value, falling to a total market capital of around 50 million dollars.
The fractionalized NFT market followed along with the significant growth the entire NFT industry saw last year. At its peak in December 2021, the aggregate fractionalized NFT market valuation was approximately $212.6 million, according to calculations recorded by dappradar.com.
Today, its value has evaporated by 76.41%, as the current Fractionalized NFT market cap is approximately $50,401,068. Over seven months ago, on Sunday, December 12, 2021, the largest Fractionalized NFT project market cap belonged to Doge NFT (DOG) with a market cap of $130.14 million.
Today, the Doge fractionalized NFT project remains the top dog, so to speak, in terms of market cap, at $19.71 million. The second most valuable fractional NFT project today is Etherrock #72 (PEBBLE) at $5.96 million, but back in December it had a market cap of $22.73 million.
All of the top fractionalized NFT projects followed the same downward path as the third largest project Feisty Doge NFT (NFD), which once had a market cap of $18.29 million. Today, the statistics show that NFD is down to 4.22 million dollars. Ladypunk (LADY) had a market capitalization of $7.67 million seven months ago and now it is down to $2.9 million.
LADY also once had fourth place, that time in December, but now it shoots further into fifth place. The fourth largest fractionalized NFT project today is Ape Punk (APES) with a value of $2.99 million. The fractionalized Ape Punk project was worth $3.13 million and the Dissected Meebit NFT (DSMB) project was the fifth largest last December.
Today, DSMB has fallen to the seventh largest market valuation position among all fractionalized NFTs. In line with the larger NFT industry, the fractionalized NFT market ratings have improved over the past 30 days. While NFT sales were down more than 60% in June, last month’s NFT sales were only down 5.23%, according to cryptoslam.io statistics.
While DOG, PEBBLE and NFD have the largest market capitalizations today, they also have the most liquidity. Doge NFT has about $4.86 million, Etherrock #72 is $1.25 million, and Feisty Doge NFT has about $1.15 million in liquidity. The fourth largest fractionalized project Ape Punk has just over $100,000 in liquidity, while the rest of the fractionalized bunch of NFTs have less than $100,000 in liquidity.
What do you think about the NFT market economy falling to $50 million? Let us know what you think about this topic in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons
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