hiBAKC offers crypto exchange users the opportunity to engage with the Bored Ape Kennel Club (BAKC) $NFT Collection, breaking each $NFT in the collection into 1,000,000 tokens. The introduction of hiBAKC to the Fracton Protocol’s ecosystem aims to democratize access to these digital assets by breaking them into affordable, fractional segments. The outcome was a resounding success as the token’s price surged by 1,100% during its initial day of trading.
KuCoin has also shared details about the fractionalized fungible token sale. As hiBAKC becomes available for trading on KuCoin, users will gain access to a range of trading features, including advanced trading bots, an improved user interface, and the advantage of zero gas fees and reduced self-custody risks. Furthermore, each hiBAKC token can be acquired at 1/1,000,000th of the price of the original BAKC $NFT.
The partnership between KuCoin and Fracton Protocol aims to enhance the liquidity of $NFT assets and lower the investment threshold for retail users interested in participating in $NFT investments. By fractionalizing NFTs, Fracton Protocol enables users to trade and invest in smaller portions of high-value NFTs while ensuring transparency and security through on-chain transactions.
Fracton Protocol has ushered investors into the world of hiNFTs. In less than 10 months, the $NFT fractionalization infrastructure has achieved a lifetime trading volume of $3.3 billion for its hiNFTs on KuCoin and has locked millions of NFTs through secure smart contracts.
Furthermore, KuCoin is also hosting a grand lucky draw until June 1, featuring a prize pool of $50,000 and several blue-chip NFTs, including Doodles, Beanz, and Mfers.
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