With a market value exceeding US$200 million, some NFT markets will achieve significant growth in 2021 – Blockchain Bitcoin News
Although the value of the non-fungible token (NFT) economy has exploded, another area of ??the NFT industry called segmentation has seen tremendous growth. Many projects today are dealing with partial NFTs. These NFTs basically cut NFT assets into many parts and share them among the community of holders. According to statistics on Sunday, the total market value of some NFTs is approximately US$212.6 million.
Decentralized NFT market inflation
With the digital collection market reaching tens of millions in sales every 7 days, non-fungible tokens (NFTs) have become a billion-dollar industry.The leading NFT market Opensea sees $48362 million Weekly sales last week, and historical sales of 13 billion U.S. dollars. The 7-day indicator shows that Axie Infinity sold $89.83 million worth of NFT last week and sold $3.79 billion so far this year. Another growing area in the NFT industry is fragmented NFTs, which are tokens that are cut into tradable fragments.
NFT is divided into smaller parts, and it is believed that it lowers the barrier to entry into a very expensive NFT collectibles market.Fractionated NFT has existed since the early days. A classic example is the infamous Lord Keck 2016 Rare Pepe Trading Card Collection series. Lord Kaika is one of the few rare Pepe trading cards that can be divided, and only ten Lord Kaikas have been issued. Although there are only 8 LORDKEKs in existence today, many people have a LORDKEK card worth 0.00042069.
Bitcoin.com news goes further written Regarding the fractional NFT platform, such as Otis, CIS, Fraction, and DaofiIn addition, the number Other NFT projects Has been subdivided and it was reported last week that Amazon has support A fractional NFT project built on the Wax blockchain, called DibbsAccording to dappradar.com statistics on Sunday, December 12, some NFT markets are worth hundreds of millions of dollars.
The market value of subdivided NFT exceeds 200 million U.S. dollars
In fact, the indicator shows that the current market value is USD 212,666,688 On Sunday, it consists entirely of part of the NFT collection. The largest market valuation belongs to Doge NFT (DOG), which is USD 130.14 million, accounting for 61.32% of the total market value of USD 212.6 million.
The second largest market valuation of fragmented NFTs is Etherrock #72 (PEBBLE), which has a market value of approximately US$22.73 million. The overall market value of Feisty Doge NFT (NFD) today is approximately US$18.29 million, and the market value of Ladypunk (LADY) is US$7.67 million.
The dissected Meebit NFT (DSMB) has a market value of US$4.3 million, making it the fifth largest valuation of sub-NFTs. Other top NFT competitors include Ape Punk ($3.13 million), Antique Zombie Shards ($3.06 million), BAYC History ($1.36 million), R64X.com ($1.2 million) and the My Alpha ranking ($1.18 million).
Although the fractional NFT DOG has approximately US$20.48 million in liquidity, Etherrock #72 and Feisty Doge NFT are the only two fractional NFT markets with liquidity exceeding US$4 million. LADY’s liquidity on Sunday was $335.33K, while DSMB’s liquidity was approximately $150.7K.
What do you think of today’s part of the NFT market and the $212 million market value of some NFTs? Please tell us your thoughts on this topic in the comments section below.
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