NFT fractionalization platform enabling trading and ownership sharing.
Fracton Protocol allows fractional NFT trading, enabling ownership, fundraising, and trading of assets through ERC standards, with potential for arbitrage and asset redemption.
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What is Fracton Protocol (FT)?
Fracton Protocol is a platform for fractionalizing and trading blue-chip NFTs. It allows users to buy, own, and trade fractionalized tokens representing portions of NFTs, facilitating price discovery and equity distribution. NFT fractionalization involves dividing an NFT into smaller, tradable pieces, enabling shared ownership. On Fracton, users can participate in fundraising rounds to acquire People's NFTs (ERC-1155 fractions) and exchange them for $FFT tokens (ERC-20) at a 1:1000 ratio. If the fundraising succeeds, Fracton acquires the target NFT and deposits it into a treasury, allowing fraction owners to redeem NFTs with enough People's NFTs. If it fails, Fracton repurchases $FFT tokens. Meanwhile, fractions owners can trade $FFTs on DEX and CEX for arbitrage opportunities.
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Fracton Protocol price live information
As of now, Fracton Protocol is trading at 0.2405 USD, with a 24-hour trading volume of approximately 50.45K USD. The FT to USD price is updated in real time. Over the past 24 hours, Fracton Protocol has increased by 0.71%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 21.04M USD. Currently, there are 87 472 220 FT in circulation out of a maximum supply of 100 000 000 FT.
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