SNEAK PEEK
- The use of fractional NFTs is an innovative way to open up the realm of NFTs to more people.
- The most well-liked blue-chip NFTs now available are outrageously pricey and beyond the ordinary person’s reach.
- On the other hand, fractionalized NFTs enable you to acquire a particular share of the NFT.
While the value of the non-fungible token (NFT) economy has skyrocketed, the fractionalization segment of the NFT market has experienced tremendous growth. The top 5 fractionalized NFTs by market cap on Dappradar are listed below.
1. The Doge NFT – Ms. Sat created well-known images on Ethereum as NFTs in 2021. The most valuable meme NFT was the image “Doge,” which PleasrDAO bought at auction for 1696.9 ETH ($4.8 M at the time). Following the auction, PleasrDAO fractionalized The Doge NFT into a governance token, $DOG, enabling everyone to own a portion of the meme.
2. Etherrock #72 – In the last week, the cost of Etherrock#72 has increased somewhat. Per PEBBLE, the price is currently 0.000378. The current Etherrock#72 is almost 99.73% below the previous peak of $0.83. It is necessary to use a self-custody wallet, such as Coinbase Wallet, to buy Etherrock#72. Both a browser extension and a mobile app are offered for Coinbase Wallet.
3. Dissected Meebit #10761 – Divergence Ventures paid 700 ETH earlier this year to obtain the sixth-rarest Meebit -Dissected #10761. The team has now fractionalized the NFT into 1,000,000 DSMB ERC-20 tokens. The market capitalization is $2.32 million at the current $2.32. Additionally, it has 30,000 in stock.
4. Feisty Doge NFT – The current Feisty Doge NFT price is $0.000023 with a $5,266.66 24-hour trading volume. The best cryptocurrency exchanges for trading in Feisty Doge NFT stock are BKEX and DODO if you’re interested in knowing where to acquire it at the current rate (Ethereum). Others are featured on our page for cryptocurrency exchanges.
5. Ladypunk – Ladypunk is a subset of Cryptopunk 7326, a black Muslim woman who is wed to Losercoin’s husband. The coin value right now is $0.000216. Additionally, it has a $230.85 market cap.
Non-Fungible Tokens use the ERC-721 protocol on the Ethereum network. Each NFT contains distinct, immutable smart contracts. A promising characteristic of NFTs for tracking individual intellectual property is their indivisibility. In 2021, non-fungible assets grew rapidly, with numerous NFT projects selling for millions of dollars.
