While the value of the non-fungible token economy (NFT) has increased dramatically, a second sector of NFT industry called fractionalization is experiencing tremendous growth. Today, a lot of projects deal with fractional NFTs. These are NFT assets that are broken down into smaller pieces that are shared among a group of holders. According to statistics on Sunday, fractional NFTs have an overall market capitalization of around $212.6 million.

Fractionalized NFT Markets Swell

Nonfungible tokens (NFTs), have grown to be a billion-dollar business. Digital collectible marketplaces see tens of thousands of sales every day. The leading NFT marketplace Opensea saw $483. 62 million in weekly sales last week, and $13 billion in all-time sales. Seven-day metrics show Axie Infinity sold $89. 83 million worth of NFTs last week, and $3. 79 billion year-to-date. Fractionalized NFTs are another sector that is growing in the NFT industry. These tokens have been broken up into tradeable pieces.

The NFT is broken into smaller pieces, which people believe lowers entry barriers into a market that can be very pricey. Fractionalized NFTs have been around since the early days, and one classic example is the infamous LORDKEK from the 2016 Rare Pepe Trading Card collectible series. Only ten LORDKEK cards were ever issued. The LORDKEK card is one rare divisible Rare Pepe trading card. Although only eight LORDKEKs are currently available, many people have 0. 00042069 worth of a single LORDKEK card.

Bitcoin.com News has further written about fractional NFT platforms like Otis, Unicly, Fractional, and Daofi. Moreover, number of other NFT projects have been fractionalized and reports disclosed last week that Amazon has backed a fractional NFT project built on the Wax blockchain called Dibbs. According to dappradar.com statistics on Sunday, December 12, there’s a couple hundred million dollars worth of fractional NFT markets.

Fractionalized NFT Market Capitalization Surpasses $200 Million

In fact, metrics show there’s currently a market capitalization of $212,666,688 on Sunday that is composed entirely of fractional NFT collectibles. The largest market valuation belongs to the Doge NFT (DOG) with $130. 14 million or 61. 32% of the aggregate $212.6 million.

The second-largest market valuation belonging to a fractionalized NFT is Etherrock #72 (PEBBLE) which has a market capitalization of around $22. 73 million. Feisty Doge NFT (NFD) has an overall market cap today of around $18. 29 million and Ladypunk (LADY) has a $7. 67 million market valuation.

The fifth-highest valuation fractionalized NFT is the A dissected Meebit NFT(DSMB) which has a market cap of $4.3 million. Ape Punk ($3. 13M), Antique Zombie Shards ($3. 06M), BAYC History ($1. 36M), R64X.com ($1.2M), and My Alpha Leaderboard ($1.18M).

While the fractional NFT DOG has around $20. 48 million in liquidity, Etherrock #72 and Feisty Doge NFT are the only two fractional NFT markets with over $4 million in liquidity. LADY has $335. 33K in liquidity on Sunday and DSMB has around $150.7K.

What do you think about the fractional NFT markets today and the $212 million market capitalization of fractionalized NFTs? Please comment below to let us know your thoughts on this topic.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

Read More