FractonX is an innovative NFT fragmentation protocol that has created a new pathway in the NFT market. This unique protocol primarily focuses on fractionalizing specially selected NFT collections into NFT-backed tokens, also known as hiNFTs. This process dramatically improves both accessibility and liquidity within the NFT market.
Unique Features of FractonX
FractonX stands out from the crowd due to its novel approach to NFT trading. The protocol facilitates the trading of multiple hiNFTs on premier exchanges, ensuring transparency throughout. This forward-thinking strategy has propelled FractonX to becoming one of the leading and rapidly expanding NFT-Fi platforms, with over $10 million in Total Value Locked (TVL) and an outstanding $3.3 billion in life-time trading volume.
History of FractonX
Despite the fluctuations of the bear market, FractonX has shown consistent growth and evolution. In less than 10 months, the total TVL of FractonX rocketed from zero to more than 7,000 ETH. Being the inaugural and sole fractionalization protocol to bridge the gap between NFTs and Cryptos, FractonX has successfully integrated with a top 4 CEX to facilitate mass adoption and enhance the user experience. The hiNFTs have gained popularity among crypto users, generating a whopping 3.3 billion in trading volume in under six months.
Future Plans for FractonX
FractonX has set its sight on fractionalizing an increased number of blue-chip NFT collections. This expansion will further its role in bridging the on-chain and off-chain worlds.
Use Cases for the hiNFT Token
The hiNFT token holds a pivotal role in releasing the liquidity of blue-chip NFTs and promoting their adoption. Users can trade these tokens, engage in Dollar Cost Averaging (DCA), or make profits through the MetaSwap system.
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