Fractional NFT Markets Slide 76% in Value in 7 Months, Diced-up Doge NFT Still Leads the Pack – Blockchain Bitcoin News

The fractionalized NFT market reached $200 million in December 2021, seven months after non-fungible token collectibles (NFTs) became more popular. In the past seven months, fractionalized NFT markets have lost over 76% of their value and now has a market capitalization around $50million.

Fractional NFT Market Valuation Slides from $212 Million to 50 Million

This market was a continuation of the significant growth that the NFT sector saw in last year. Based on metrics from dappradar.com, the fractionalized NFT marketplace valuation reached its peak in December 2021.

The current fractionalized NFT capitalization of approximately $50,401,000.068 means that the value has dropped by 76.41%. On Sunday, 12/12/2021, Doge NFT (DOG), which had a market cap of $130.14M, held the record for the biggest fractionalized NFT project valuation.

The Doge fractionalized NFT Project is the market leader with $19.71million. Etherrock 72 (PEBBLE), which is fractionalized NFT and worth $5.96million, was second in value back in December with a market valuation of $22.73M.

All the fractionalized NFT top projects went down the same way as Feisty Doge NFT(NFD), the third largest, which had a market capital of $18.29million. NFD’s market cap is now $4.22 million according to statistics. Ladypunk (LADY) had a $7.67 million market valuation seven months ago, and now it’s down to $2.9 million.

LADY also once held the fourth spot, at that time in December, but now it’s coasting along in the fifth position. Ape Punk (APES), with its valuation of $2.99 million, is the fourth largest fractionalized NFT-project today. Fractionalized Ape Punk was valued at $3.13million, while Dissected Meebit NFT was fifth.

Today, DSMB has fallen to the seventh-largest fractionalized NFT market valuation position. The fractionalized NFT market values have improved over the past 30 days, following the lead of the larger NFT industry. While NFT sales were down more than 60% in June, last month’s NFT sales were only down 5.23%, according to cryptoslam.io statistics.

While DOG, PEBBLE and NFD are the market leaders today, NFD has the highest liquidity. Doge NFT is valued at $4.86million, Etherrock 72 is worth $1.25 million and Feisty Doge NFT, around $1.15 million. Ape Punk, the fourth most fractionalized project has less than $100K and the rest fractionalized NFTs have more like $100K.

Do you have any thoughts about NFT fractional market economies falling to $50 millions? Comment below and let us know how you feel about the subject.

Jamie Redman

Jamie Redman, a Florida-based financial journalist and news lead at Bitcoin.com News is Jamie Redman. Redman joined the cryptocurrency community in 2011 and has been an active participant ever since. Since 2011, Redman has been an active member of the cryptocurrency community. Redman is a prolific writer for Bitcoin.com News, with over 5,700 articles on the most disruptive protocols currently in development.