While the non-fungible token (NFT) economy has exploded in value, another sector of the NFT industry called fractionalization has seen immense growth. Many projects are dealing fractional NFTs, which are basically NFT assets chopped into a number of pieces and shared among a community of holders. According to dappradar.com statistics , fractional NFTs have an overall market capitalization of around $212.6 million.
Non-fungible tokens (NFTs) have become a billion-dollar industry as digital collectible marketplaces are seeing tens of millions in sales every seven days. 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 earlt December 2021, and $3.79 billion year-to-date. Another growing sector in the NFT industry is fractionalized NFTs, which are tokens that have been cut up into tradeable shards.
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. The LORDKEK card is one of the few divisible Rare Pepe trading cards and only ten LORDKEK cards were issued. While only eight LORDKEKs exist today, a number of people own 0.00042069 worth of a single LORDKEK card.
Other Fractional NFT projects include Aqarchain.io fractional NFTs of real estate and properties, as well as fractional NFT platforms like Otis, Unicly, and DaoFI. Even Amazon had backed up fractional NFT project called Dibbs.
In fact, metrics show there’s currently a market capitalization of 212.6 million USD 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.
A dissected Meebit NFT (DSMB) has a $4.3 million market cap making it the fifth largest valuation of fractionalized NFTs. Other top fractionalized NFT contenders include Ape Punk ($3.13M), Antique Zombie Shards ($3.06M), BAYC History ($1.36M), R64X.com ($1.2M), and My Alpha Leaderboard ($1.18M).
