NFT Markets Continue to Grow

As the value of NFTs exploded, another sector of the NFT industry called fractionalization saw tremendous growth. A group of projects today is dealing with fractional NFTs, which are basically NFT assets that are split into several parts and shared among a community of owners. According to statistics on Sunday, the total market cap of fractional NFTs is approximately $212.6 million.

NFT Markets Continue to Grow

NFTs have become a billion-dollar industry as digital collections markets see tens of millions of sales each week. Leading NFT marketplace Opensea saw $483.62 million weekly and $13 billion in all-time sales last week. Weekly metrics show Axie Infinity sold $89.83 million worth of NFTs last week. Another growing sector in the NFT industry is fractional NFTs, which are tradable segmented tokens. Following the demand for blockchain-based NFT assets, the numerous private NFTs sold in 2021 were split into smaller pieces so more people could have the collection. Often these NFT parts are also traded and the market value of each part can fluctuate.

Fractionated NFT Market Capitalization Exceeds $200M

The data shows a market cap of $212,666,688, which consists entirely of fractional NFT collections, on Sunday. The largest market cap is Doge NFT (DOG), with $130.14 million, or 61.32% of the total $212.6 million. The second largest market cap for a fractional segregated NFT is Etherrock #72 (PEBBLE), which has a market cap of approximately $22.73 million. Feisty Doge NFT (NFD) has an overall market capitalization of approximately $18.29 million today and Ladypunk (LADY) has a market capitalization of $7.67 million.