Contents
- Fracton Protocol is evolving to become a major holder of premium NFTs
- Fractionalization minimizes risk and lowers entry barriers
Fracton Protocol Becomes Top Holder of Blue-Chip NFT Pools
Vladislav Sopov
Fracton Protocol, fractional NFT ownership service, streamlines top-tier pool purchases for investors with small deposits
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The Fracton Protocol, a new crypto protocol designed to allow retail investors to take part in NFT trading, has achieved some impressive milestones.
Fracton Protocol is evolving to become a major holder of premium NFTs
According to the official announcement shared by the team of Fracton Protocol, it becomes the largest holder of a clutch of top-tier collections of non-fungible tokens. The list of collections supported by Fracton Protocol includes the likes of Doodles, Valhalla, Genuine Undead, Renga, Fluf, ENS 10k club and so on.
The team highlights that this milestone has been achieved despite the bearish recession in the cryptocurrency markets. This recession also affected the processes in NFT marketplaces.
In total, Fracton Protocol is responsible for 7000 Ethers (ETH) locked by its customers. At press time, this corresponds to around 13.2 million dollars.
Chido, the Global Head of Community at Fracton Protocol, is impressed with this achievement and is confident that new developments for his team are on the menu:
We are incredibly honored to become the top holder in these prestigious NFT collections. It highlights Fracton Protocol’s commitment to supporting valuable digital assets and our influential role in the NFT ecosystem.
The protocol has also achieved a long-term strategic collaboration with industry-leading exchange KuCoin.
Fractionalization minimizes risk and lowers entry barriers
Together with the KuCoin team, Fracton Protocol will accelerate the adoption of NFTs in the retail segment. The collaboration also underlines the status of Fracton Protocol as an influential player in the NFT market.
Fracton Protocol is on a mission to make investing in NFTs more inclusive and democratic than ever before. Through its original tools, NFT and hiNFT, users with small and medium deposits can buy fractional shares of NFTs. In addition to lowering the barriers to entry, this method of investing reduces the risk of rug pulls and makes it affordable for traders with different strategies.
Additionally, it promotes the level of decentralization for the NFT segment and makes it more accessible to mainstream investors with basic skills. NFT creators therefore become less dependent on whales and top-tier investment guilds.
