The home quarters of NFracTion is buzzing with events and activities. Recently, we’ve announced our IDO scheduled to take place on the OccamRazer Launchpad on Thursday, 30th September 2021. The upcoming IDO brings us one step closer to achieving our vision of being a first cross-chain marketplace. We’ve also announced two new investors, SL2 Capital and AU21 Capital, who’ve onboarded NFracTion to help bring innovation in the NFT space.
Fractionalized NFTs
The inception of non-fungible tokens in the blockchain industry has brought a new value to ‘art’ — from music to games and collectibles. From prominent artist figures to Hollywood stars, all of them are onboarding the NFT wagon in unique ways.
With NFracTion, we’ve turned the notch on innovation by introducing Fractionalized NFTs. While the NFT space has significantly expanded in terms of marketplaces, opportunities, and benefits, there persists challenges for artists (sellers) and for buyers as well. Sellers face the issue of liquidity and the high price of individual pieces leads to limited accessibility for buyers.
Fractionalized NFTs divide digital arts into puzzle pieces and hence one NFT can be owned by multiple owners. This allows sellers to have access to more liquidity as an art piece can be sold into multiple ‘puzzle’ pieces. At the same time, buyers and retail traders have more accessibility to individual NFT puzzle pieces.
Cross-Chain Marketplace
NFracTion encompasses the first cross-chain marketplace to expand the array of possibilities that NFTs offer. One of the issues in the current NFT landscape are the marketplaces restrictions on blockchain networks. This leads to buyers and sellers having to pay high transaction fees for marketplaces based on the Ethereum blockchain.
The NFracTion marketplace offers the idea of a cross-chain marketplace. It will extend its fractionalisation capabilities to NFTs minted on the Cardano blockchain. The marketplace will offer a unique experience of Fractionalized NFTs and puzzle packs along with a platform to enable trading and minting of NFTs.
Personalized NFTs
The ecosystem of NFracTion includes a unique feature of personalized NFT to offer exclusive novelties oriented towards the sports market. Fans can purchase personalized GIF jerseys of their favorite team. The GIFs are minted on the platform with the user selecting team, number, and name.
The NFTA token is the utility token of the NFracTion ecosystem. The platform has announced the launch of its IDO on the Occam Razar Launchpad on 30th September, 2021.
