BTC

$99370.347

0.93%

ETH

$3282.391

-2.17%

BNB

$620.999

-0.37%

XRP

$1.418

20.13%

Market

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

December 13, 2021 - Around 2 mins mins to read

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.

Segmented NFT market to grow significantly in 2021, market capitalization to exceed $ 200 million

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.

Segmented NFT market to grow significantly in 2021, market capitalization to exceed $ 200 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.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page

capitalization

exceed

Fragmented

grow

million

strongly

Avatar of Annie

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

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.

Segmented NFT market to grow significantly in 2021, market capitalization to exceed $ 200 million

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.

Segmented NFT market to grow significantly in 2021, market capitalization to exceed $ 200 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.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page

Leave a Reply