Fragmented NFT market to grow strongly in 2021, capitalization to exceed $ 200 million

NFT has grown into a billion dollar industry with tens of millions of dollars in weekly sales.

Opensea, the leading NFT market, had sales of $ 483.62 million last week and is currently $ 13 billion. Meanwhile, Axie Infinity sold $ 89.83 million in NFT for the week and $ 3.79 billion year-to-date (YTD).

Another growing area in the industry is fragmented NFTs – split tokens that are tradable.

Following the demand for blockchain-based NFT assets, countless NFTs were sold at very high prices in 2021, which were broken down to allow more people to own the collection.

Usually these NFT shards are also traded and the market value of each one fluctuates differently.

The NFT is broken into small pieces and people believe that it will lower the barrier to entry into the expensive NFT collector market.

Fragmented NFTs have been around since the beginning and a good example is LORDKEK from the 2016 Rare Pepe trading card collector series, one of the few Pepe Rare trading cards that can be split and only issue 10 LORDKEK tokens. Although there are currently only 8 LORDKEKs, there are several people who own 0.00042069 of the value of a single LORDKEK token.

Fragmented NFT market cap exceeds $ 200 million

According to data from Dappradar.com, Fragmented NFT currently has a market cap of $ 210,884,889. At the top of the rankings is Doge NFT (DOG) at $ 131.93 million, which is 61.32%.

Second place went to Etherrock # 72 (PEBBLE) with a market capitalization of $ 21.38 million. Followed by Feisty Doge NFT (NFD) at $ 17.39 million and Ladypunk (LADY) at $ 7.43 million.

NFT’s market capitalization is fragmented.

While the fragmented DOG NFT has liquidity of around $ 20.48 million, Etherrock # 72 and Feisty Doge NFT are the only two fragmented NFT markets with liquidity in excess of $ 4 million. LADY has liquidity of $ 335.33,000 and DSMB has approximately $ 150.7,000.

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