Fracton Protocol’s HiNFT Token Series Sees Over 3 Billion in Transaction Volume Within 10 Months

04/16/2023 08:46 • Tech Ticker • 139 views

It is reported that the transaction volume of Fracton Protocol, the NFT fragmentation liquidity protocol, has exceeded 3 billion US dollars 10 months after the launch of its HiNFT token series. The Fracton Protocol decomposes high-value NFT series (such as “Boring Ape” BAYC and CryptoPunks) into small NFTs, allowing anyone to own and trade them. As of now, the protocol has supported the “decomposition” of 25 blue chip NFT projects. （nftplazas）

NFT fragmentation liquidity agreement Fracton Protocol transaction volume exceeded 3 billion US dollars

Fracton Protocol, the NFT fragmentation liquidity protocol, has achieved remarkable success over the past 10 months since the launch of its HiNFT token series. Reports show that the transaction volume of the protocol has surpassed 3 billion US dollars, thanks to its innovative approach to decomposing high-value NFT series for wider accessibility and tradeability.

What is Fracton Protocol?

Fracton Protocol is a decentralized NFT fragmentation protocol that aims to enhance the liquidity and accessibility of high-value NFT (non-fungible token) series. The protocol decomposes large NFTs into smaller, more affordable ones, allowing anyone to own and trade them on various blockchain platforms.

The HiNFT Token Series

The HiNFT token series is Fracton Protocol’s innovative solution to the limited liquidity and accessibility of high-value NFT series, such as “Boring Ape” BAYC and CryptoPunks. The series decomposes these NFTs into smaller ones, thereby enabling more people to invest in them and enjoy their benefits.

The Success of Fracton Protocol

The success of Fracton Protocol is evident from the incredible transaction volume it has achieved in just 10 months. The fragmentation of 25 blue chip NFT projects has resulted in over 3 billion US dollars in transaction volume, indicating the potential of the protocol in revolutionizing the NFT market.

Impact on the NFT Market

Fracton Protocol’s success has significant implications for the NFT market. The protocol’s ability to increase the liquidity and accessibility of high-value NFTs has the potential to democratize the market and make it more inclusive for investors and enthusiasts.
Moreover, the increased tradeability of NFTs could also result in improved valuations and a surge in interest in the market. This, in turn, could attract more investors and further fuel the growth of the NFT ecosystem.

Future of Fracton Protocol

Fracton Protocol’s successful approach to NFT fragmentation is expected to have far-reaching implications for the market. Its innovative solution to the liquidity and accessibility challenge of high-value NFTs is poised to disrupt the market and provide greater opportunities for investors and enthusiasts.
The Fracton team is expected to continue to innovate and develop new solutions to enhance the NFT ecosystem’s growth and potential.

Conclusion

Fracton Protocol’s HiNFT token series has achieved phenomenal success in just 10 months, as evidenced by the over 3 billion US dollars in transaction volume. The protocol’s approach to fragmentation has the potential to democratize the NFT market and make it more accessible for investors and enthusiasts.
With its innovative approach and continued development, Fracton Protocol is poised to disrupt the NFT ecosystem and contribute to its growth in the coming years.

FAQs

1. What is Fracton Protocol?
Fracton Protocol is a decentralized NFT fragmentation protocol that aims to enhance the liquidity and accessibility of high-value NFT series.
2. What is the HiNFT token series?
The HiNFT token series is Fracton Protocol’s innovative solution to the limited liquidity and accessibility of high-value NFT series, such as Boring Ape BAYC and CryptoPunks.
3. What is the impact of Fracton Protocol’s success on the NFT market?
Fracton Protocol’s success has significant implications for the NFT market, as it could democratize the market and make it more inclusive for investors and enthusiasts, resulting in improved valuations and increased interest in the ecosystem.

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