Top 10 NFT Fractionation Projects in 2023 You Should Be Aware of
Fractional NFTs Are Popular and Here Are the Top 10 NFT Fractionalization Projects in 2023
NFT is a unique and trending investment opportunity for everyone and that is how NFT fractionation projects came about. Fractal art did not exist for long, but given the popularity and demand of NFTs, examples of fractal art became an alternative resource to secure. Fractionalized NFTs are also known as “F-NFTs” and use the fractionalization process to divide the ownership of NFTs into smaller, less expensive fractions. Like “shares” in a company, it creates an opportunity for anyone to own a portion of a non-fungible token digital asset or collectible through co-ownership. Collectors who present an NFT to be fractionated set the price, and the collectible goes into a vault that is decentralized and audited by smart contracts. Let’s look at the top 10 NFT fractionalization projects in 2023 you should be aware of.
unique.li
Uni.ly is a well-known fractional NFT platform that was created by OxLeia. If you need a reputable fractional NFT marketplace, Unic.ly is considered one of the best available. Unic.ly has additional features besides being a place to buy/sell artwork, including swapping, farms, and other tools. On Unic.ly, NFT stakes are sold as uTokens that users can purchase after a certain collection of polls are completed.
The platform is compatible with two token standards, namely: ERC-11155 and ERC-721. Users can only buy/sell ETH based NFTs.
Fractional.art
A popular fractional nft platform used among collectors is ‘fractional.art’, where you can co-own nft digital collectibles from some of the most famous collections. It allows NFTs to be represented by billions of ERC-20 tokens. Over 39,000 wallets own factions, according to their platform.
LIQNFT
If you are looking for a shared NFT project that supports Solana, LIQNFT is the best platform to use. The platform enables users to buy or sell fractional NFTs and even serialized NFTs on the Solana blockchain.
With the option of serialization, users get full ownership of limited NFTs and prints of NFTs. All such NFTs will be stored in a vault called the LIQNFT Treasury. Users are able to define the parameters they want when paying a fee to pledge NFTs in the treasury.
LiquidMarketplace.io
A new nft marketplace launched by Logan Paul is called ‘LiquidMarketplace.io.’ It specializes in the fractionation of physical and digital collectibles, with the ability to earn royalties unlike any other marketplace.
NFTfy.com
In NFTfy, fractional non-fungible tokens are broken down into 3 steps. By doing so, a fractional marketplace allows users to collectively sell their shares, as opposed to fractional shares, to a group of people or even other token holders. It is a completely secure and decentralized marketplace where users’ NFTs are held in contracts. Removing your NFT requires you to spend either the Reserve Price or 100% of the NFT in question. It should be noted that NFTfy supports fractionalization of NFTs on Ethereum, Polygon, Fantom, BNB and Avalanche.
Bored Ape Yacht Club
Bored Ape Yacht Club fractionalized monkeys are growing in popularity and sell for over $400,000 each through co-ownership. Most collectors seek to acquire a boring monkey for the exclusive yacht parties and engage with like-minded people.
Pudgy penguins
Pudgy Penguins took inspiration from other non-fungible tokens and sold for an average of over $40K through co-ownership. However, we’ve only found three sold and vaulted via fractional.art, suggesting it’s still growing in popularity.
Nftx
NFTX uses an index fund approach like the other previously mentioned NFT projects. This decentralized protocol allows you to find pools of NFTs with similar value to an index fund. Users receive NFTX, an ERC-20 token, when they contribute art to an index or purchase a portion of the index. You can mainly find low value artworks on the NFTX platform. It is a fractionalization platform that uses the pooling of NFTs of equal value, which makes it different from all the above projects.
CryptoPunks
CryptoPunks are the first non-fungible tokens ever available on the blockchain and are the most expensive. These sell on average over $5 million each through co-ownership. So, own a piece of history when you get a fraction of crypto-punk for your collection.
Mutant Ape Yacht Club
A spin-off of the original Bored Ape Yacht Club, these are only available to those who previously or currently own the Bored Ape’s non-fungible token. Now through co-ownership you can own one of these exclusively generated NFTs.
