Introducing the Fracton Protocol, an innovative Non-Fungible Token (NFT) fragmentation protocol. The core of Fracton Protocol's operations is the fractionalization of carefully curated NFT collections into NFT-backed tokens known as hiNFTs, a process that has significantly transformed accessibility and liquidity in the NFT market.
Unique Features of Fracton Protocol
The Fracton Protocol stands out due to its strategic approach to trading hiNFTs. The platform has made it possible to trade hiNFTs on top-tier exchanges, ensuring transparency in every transaction. As a result, Fracton Protocol has emerged as one of the leading and fastest-growing NFT-Fi platforms. Presently, the platform enjoys over $10 million Total Value Locked (TVL) and an impressive $3.3 billion of life-time trading volume.
Project History
Fracton Protocol has shown an impressive track record, having grown and developed even during bearish markets. In less than ten months, the Fracton Protocol's total TVL has risen from zero to over 7,000 ETH. As the first and only fractionalization platform bridging the gap between NFT and Cryptocurrency, it has successfully integrated with a top 4 Centralized Exchange (CEX) to ensure mass adoption and a seamless user experience. This integration has also seen hiNFTs gain widespread popularity among cryptocurrency users, generating over $3.3 billion in trading volume in less than six months.
Future Plans
Fracton Protocol has set its sights on fractionalizing more blue-chip NFT collections, a move that will further bridge the gap between on-chain and off-chain worlds.
Token Use Cases
The token provides liquidity for blue-chip NFTs and fosters their wider adoption. Users can use the tokens to trade, Dollar Cost Average (DCA), or earn profits through the MetaSwap system.
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