Fractional NFT Markets See Significant Growth
Fractionalized NFT Markets Swell
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 last week, 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.
While the non-fungible token (NFT) economy has exploded in value, another sector of the NFT industry called fractionalization has seen immense growth. A bunch of projects today are dealing with fractional NFTs, which are basically NFT assets chopped into a number of pieces and shared among a community of holders. According to statistics on Sunday, fractional NFTs have an overall market capitalization of around $212.6 million.
