Fracton protocol is a state-less smart contract protocol, built to increase efficiency, decrease gas fees and improve asset security. Fracton protocol was officially launched on August 11, 2022, and runs on an NFT ETF infrastructure, that is, a tool that tracks NFT-related stock, and protocol leverages the monetary value of NFTs to make blue-chip NFTs cost-friendly and composable into Decentralized Applications and CEX. Fracton offers NFTs fractionalization by repackaging them into ERC-20 tokens. Each of the ERC-20 tokens becomes backed by 1/1,000,000 of the original NFT. The ERC20 token referred to as hiNFTs are the fractionalized token (NFT ETFs).
NFT fractionalization is the splitting of one NFT into smaller pieces, in a way that allows multiple but partial ownership of the NFT. NFT fractionalization is a concept that allows the NFT market audience to buy and sell NFTs regardless of their prices and users’ net worth. That is, individuals can own or speculate, and easily trade NFTs regardless of their (whole) prices. NFT fractionalization is also regarded as a bridge between…