Leading NFT fractionalization infrastructure Fracton Protocol surpasses $3 billion in trading volume
Fracton Protocol, a pioneer in NFT fractionalization infrastructure, has passed $3 billion in trading volume on KuCoin.
Fracton Protocol attributes their success to hiNFTs, which enable investors and collectors to gain exposure to the NFT market while trading with the ease and liquidity of a token on centralized exchanges (CEX).
By fractionalizing NFTs, the Fracton Protocol allows users to trade and invest in smaller portions of high-value NFTs, ensuring transparency and security through on-chain transactions.
In less than 10 months, Fracton Protocol has achieved a lifetime trading volume of $3.3 billion for its hiNFTs. This milestone demonstrates the growing interest and use of fractional NFTs, as well as the strong performance and reliability of the platform, even on a crypto exchange rather than a dedicated NFT marketplace, Fracton Protocol said.
“Reaching this trading volume milestone was no small feat and we are incredibly proud of our achievements,” said Chido, Community Head of Fracton Protocol, speaking at the NFT NYC event.
“Our dedicated team has worked tirelessly day and night to make NFT trading accessible, safe and easy, and this achievement gives us immense confidence and satisfaction in the work we have done.” Chido continues, “We will be introducing even more innovative products and features, further enhancing the Fracton Protocol experience for our users.”
Fracton Protocol said its solution opens up the NFT market to a wider audience, providing investors and collectors with new opportunities for diversification and liquidity.
By presenting carefully selected selections from various sectors, the platform protects users from NFT carpet covers, and boasts over 25 different collections that include some of the most sought-after projects in the NFT space. This includes popular PFPs like CryptoPunks and BAYC, rare generative art projects like Fidenza and Chromie Squiggles, metaverse land NFTs from Otherdeed for Otherside and Sandbox Land, and even rare ENS domain names like 999 Club.
In addition, the platform offers high-potential mid-cap NFTs, such as Pudgy Penguins, which have nearly doubled in floor prices since the launch of hiPENGUINS, Fracton’s fractional token.
For more information, please visit the Fracton Protocol website or follow the Fracton Protocol on Twitter & Telegram.
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