The Piece Leading The Charge On Fractionalizing Blue-Chip NFTs
NFT trading volume has risen over 700% between Q2 and Q3 of 2021, with $41 billion worth of crypto buying up NFTs. However, 20% of that volume is traded by 91% of NFT investors.
This leaves $32 billion on the table made up of blue-chip NFT collections such as CryptoPunks, which account for five of the 20 biggest NFT sales.
The market value of blue-chip NFTs is expected to reach $150 billion by 2025, but with these NFTs in the hands of just 9% of NFT investors, how can the remaining 80% of the NFT market be made accessible to the average NFT trader?
One of the most current methods to tackle being priced out of a market is fragmentation, otherwise known as asset fractionalization.
Fractionalization is gaining popularity thanks to the surge in attention for Web3. Some projects currently offer fractionalization of traditional assets such as real estate, art, and music. But what about NFT fractionalized ownership?
Currently, there aren’t many options for blue-chip NFT holders to release equity in their NFTs. Neither are there many marketplaces offering investors less capital to invest in these larger collections.
The Piece: An EU-based NFT marketplace will offer fractionalized blue-chip NFTs for people to invest in; for the first time, you’ll be able to own pieces of huge collections such as Bored Ape, CryptoPunk, and many more.
Collaborating now with Fantom, The Piece aims to be the leading marketplace for fractional NFT investing, with grand plans for the future, possibly moving into fractionalizing a wider range of assets such as real estate.
Jonas Rubenbauer, CEO of The Piece, said: We are happy to work with Fantom because we love how they handle their projects in the ecosystem. Although we are still a small project, we have already received very good support from the Fantom chain staff.
We chose Fantom because we saw the opportunity to combine the advantages of the Fantom chain (low gas fees, etc.) with our project to make the user experience of our platform as good as possible. He added.
Written by: Conor Pritchard