cryptoslate.com
Fracton Protocol, a pioneer in NFT fractionalization infrastructure, has surpassed $3 billion in trading volume on KuCoin.
Fracton Protocol attributes the success to their 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, 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 $3.3 billion lifetime trading volume of its hiNFTs. This milestone showcases the growing interest and adoption of fractionalized 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 accomplishments,” says Chido, the Community Head of Fracton Protocol, while 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’ve been doing.” Chido continues, “We will introduce even more innovative products and features, further enhancing the Fracton Protocol experience for our users.”
Fracton Protocol said its solution opens the NFT market to a broader audience, providing investors and collectors with new opportunities for diversification and liquidity.
By featuring carefully curated selections from various sectors, the platform safeguards users from NFT rug pulls, boasting over 25 diverse collections that encompass 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 the 999 Club.
Additionally, 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 Fracton Protocol’s website or follow Fracton Protocol on Twitter & Telegram.