When non-fungible token (NFT) collectibles became popular, the fractionalized NFT market grew past the $200 million range seven months ago in December 2021. Since then, the fractionalized NFT market has lost more than 76% in value, dropping to an overall market capitalization of around $50 million.
Fractional NFT Market Value Slides from $212 Million to $50 Million
The fractional NFT market followed last year with massive growth in the entire NFT industry. At its height in December 2021, the overall valuation of the NFT market was approximately $212.6 million, according to metrics recorded by dappradar.com.
Today, the value has evaporated by 76.41%, as the current fractionalized NFT market capitalization is roughly $50,401,068. Over seven months ago on Sunday, December 12, 2021, the largest fractionalized NFT project market valuation belonged to the Doge NFT (DOG) with a $130.14 million market cap.
Today, the Doge Fractional NFT project is still the top dog, so to speak, in terms of market valuation, with $19.71 million. The second most valuable fractionalized NFT project today is Etherrock #72 (PEBBLE) with $5.96 million, but back in December, it had a market cap of $22.73 million.
All of the top fractionalized NFT projects followed the same downward path like the third-largest project Feisty Doge NFT (NFD), which once held an $18.29 million market cap. Today, statistics show NFD is down to $4.22 million. Ladypunk (LADY) had a $7.67 million market valuation seven months ago, and now it’s down to $2.9 million.
LADY was also once in fourth place, at that time in December, but is now in fifth place. The fourth largest fractional NFT project today is Ape Punk (APES) with a valuation of $2.99 million. The fractionalized app Punk project was valued at $3.13 million and Project Dissected MeBit NFT (DSMB) was the fifth largest project last December.
Today, DSMB has slipped to the seventh-largest market valuation position among all the fractionalized NFTs. Following suit with the greater NFT industry, the fractionalized NFT market valuations have improved during the last 30 days. 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.
Meanwhile, while DOG, PEBBLE, and NFD have the largest market caps today, they also have the most liquidity. Doge NFT has approximately $4.86 million, Ethrock #72 holds approximately $1.25 million, and Feisty Doge NFT has approximately $1.15 million in liquidity. Ape Punk, the fourth largest fractional project, has just over $100K in liquidity, while the rest of the NFT fractional gang has less than $100K in liquidity.
