NFT
Fracton Protocol, in collaboration with KuCoin, has unveiled its latest addition to the list of fractionated NFTs with the introduction of hiBAKC. hiBAKC has already made waves in the market, with an astonishing 1,100% price increase on the very first day of listing.
This new addition is the first time a BAKC fractional token is listed. In addition, it is the 27th hiNFT on the growing list of NFT ETFs on KuCoin.
Introducing the 27th KuCoin Fractional NFT – Fractionalized Bored Ape Kennel Club: Limited Sale of 4,666,667 #hiBAKC @FractonProtocol
⏰ Subscription starts at 09:00:00 on May 25, 2023
— KuCoin (@kucoincom) May 23, 2023
hiBAKC offers crypto exchange users the opportunity to participate in the Bored Ape Kennel Club (BAKC) NFT collection, dividing each NFT in the collection into 1,000,000 tokens. The introduction of hiBAKC into the Fracton Protocol ecosystem aims to democratize access to these digital assets by breaking them down into affordable, fractional segments. The result was a resounding success, as the token’s price surged 1,100% during its first day of trading.
KuCoin also shared details about the fractional fungible token sale. As hiBAKC becomes available for trading on KuCoin, users will gain access to a range of trading features, including advanced trading bots, an improved user interface, and the benefit of zero gas fees and reduced self-custody risks. In addition, each hiBAKC token can be acquired at 1/1,000,000th the price of the original BAKC NFT.
The partnership between KuCoin and Fracton Protocol aims to improve the liquidity of NFT assets and lower the investment barrier for retail users interested in participating in NFT investments. By fractionating NFTs, Fracton Protocol allows users to trade and invest in smaller portions of high-quality NFTs, while ensuring transparency and security through on-chain transactions.
Fracton Protocol has led investors into the world of hiNFTs. In less than 10 months, the NFT fractionalization infrastructure has reached a lifetime trading volume of $3.3 billion for its hiNFTs on KuCoin and has locked millions of NFTs through secure smart contracts.
In addition, KuCoin is also hosting a big draw with a $50,000 prize pool and several blue-chip NFTs, including Doodles, Beanz, and Mfers, until June 1.