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Fracton Protocol
Fracton Protocol is an NFT fractionalization protocol. It places NFTs into on-chain meta-swap pools and issues hiNFT tokens representing fractional ownership, enabling trading and permissionless redemption.
Distributed
Description
Fracton Protocol provides NFT trading and liquidity infrastructure through fractionalization. It deposits selected NFTs into un-upgradable Ethereum smart contracts, with each hiNFT token representing one-millionth of an underlying NFT in an on-chain NFT Meta-swap pool. Users can trade fractionalized tokens and permissionlessly redeem hiNFTs for NFTs from the related pool, using Chainlink VRF for random selection. The site also presents support for BTC NFT fractionalization through BRC-20 hiTokens.Grant Funding
VC Funding
None
2022
$0
$600K