Top Fractional NFT Marketplaces: A Comprehensive Guide
NFTs have gained a lot of attraction during the crypto bull run of 2022-2021 with a total trading volume exceeding $10 billion in 2021 alone. Notable examples of lucrative NFT sales include digital artwork such as Beeple’s “Everydays: The First 5000 Days,” which sold for a staggering $69 million in March 2021, and the sale of a collection of CryptoPunk NFTs by Christie’s auction house, which netted $17 million.
The surge in demand for NFTs has continued to rise, with DappRadar reporting a total trading volume of $2 billion in February 2023 – a gain of 117% from the previous month. However, the benefits of NFT ownership are limited to a select group of individuals with substantial financial resources, leaving the majority of investors and creators unable to access and profit from the market.
In this way, F-NFTs offer a solution to these challenges, making the NFT market more accessible and inclusive, and benefitting a wider range of investors and creators. By dividing NFTs into smaller fractions, F-NFTs enable fractional ownership and provide more flexibility for investors to purchase premium NFTs without incurring high costs or lack of liquidity. As such, F-NFTs represent a positive step forward for the NFT market, creating more opportunities for ownership and investment to a more diverse and dynamic range of users.
What are Fractional NFTs?
Fractional NFTs as the name suggests, are created by splitting an original, indivisible NFT into smaller tokens, each representing a percentage of the asset. These F-NFTs allow multiple owners to have fractional ownership, making it easier for investors to participate in the market with lower capital and offering artists and creators a better opportunity to monetize their work.
Advantages of Fractional NFTs
- Democratization: Fractional NFTs make it possible for a broader audience to participate in the NFT market by breaking down high-value assets into smaller tokens.
- Increased Liquidity: F-NFTs improve liquidity by allowing potential purchasers to buy a fraction of the asset’s value instead of the whole thing.
- Wider Adoption: Fractional ownership of NFTs helps make this asset class more accessible, enabling a broader market to invest in high-value NFTs without needing significant capital upfront.
- Diversification: Investors can reduce risk and achieve better financial diversification by investing in a variety of F-NFTs, rather than putting all their capital into one asset.
Top Fractional NFT Marketplaces
Ommniverse – an NFT marketplace that adopts the fractional ownership concept, offering extensive accessibility to a diverse pool of buyers worldwide, which significantly improves the liquidity of NFT assets. One of the standout features of Ommniverse is its commitment to protecting its customers’ investments. The platform ensures that its customers benefit from a secure investment environment. Its smart contract is audited by Certik and uses AML and KYC best practices. Additionally, Ommniverse is designed with the aim of reducing transaction costs, with cheaper gas expenses, ensuring that buyers and sellers can enjoy a seamless and cost-effective experience.
To enable fractional ownership, Ommniverse uses the highly versatile ERC1155 token standard, which grants users the ability to deploy NFTs, fungible tokens, and semi-fungible tokens. This flexible token standard enhances the platform’s overall functionality by making it scalable and easy to use.
NFTfy is a fractionalized marketplace that operates on Ethereum and Polygon networks, offering a range of NFT collections like Mutant Ape Yacht Club. NFTfy sets itself apart with features such as RockPool, which enables users to buy a full NFT as a collective group.
Fractional.art aims to make art ownership more accessible via its fractional protocol and NFT communities. Users can engage in fractional trading on the secondary market and leverage the platform’s unique “NFT baskets” feature to fractionalize entire collections. Fractional.art offers access to popular collections, including CryptoPunks, BAYC, and MAYC, and has been audited by PackShield and Harchi to ensure security and reliability.
Fractional NFTs have revolutionized the digital asset marketplace by making it more inclusive, liquid, and diverse. The top fractional NFT marketplaces, such as Ommniverse, NFTfy, and Fractional.art, make it easier than ever for investors and artists alike to benefit from this rapidly growing market.