hiENS3, powered by FractonX, is a groundbreaking NFT fragmentation protocol designed to revolutionize the Non-Fungible Token (NFT) marketplace by fractionalizing meticulously selected NFT collections into hiNFTs, or NFT-backed tokens. This unique approach has led to significant improvements in terms of accessibility and liquidity in the NFT market, setting hiENS3 apart as a trailblazer in the field.
Unique Selling Proposition of hiENS3
The central distinguishing feature of hiENS3 lies in its ability to allow the trading of multiple hiNFTs on top-tier exchanges while maintaining full transparency. This has catalyzed its evolution into one of the largest and fastest-growing NFT Finance (NFT-Fi) platforms to date. So far, it has achieved an impressive $10 million in Total Value Locked (TVL) and a staggering life-time trading volume of $3.3 billion.
hiENS3: A Journey of Steady Growth
Since its inception, hiENS3's journey has been marked by consistent growth and expansion even amid bearish market conditions. In less than a year, the total TVL of FractonX has soared from ground zero to over 7,000 ETH. As the first and sole fractionalization protocol that successfully bridges the NFT-Crypto gap, hiENS3 has integrated with a top 4 Centralized Exchange (CEX) to facilitate mass adoption and offer a seamless user experience. Consequently, hiNFTs have gained traction among crypto users, generating over $3.3 billion in trading volume in under six months.
What Lies Ahead for hiENS3?
The team behind hiENS3 has set its sights on fractionalizing additional blue-chip NFT collections as their next milestone. This move is expected to further bridge the on-chain and off-chain worlds, thereby expanding the reach and potential of the project.
Use Cases of the hiENS3 Token
The hiENS3 token plays a pivotal role in unlocking the liquidity of blue-chip NFTs and promoting their adoption. Users can utilize the token to trade, implement a dollar-cost-averaging (DCA) strategy, or profit through the MetaSwap system, thus offering versatile use-cases in the evolving NFT market.
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