For ease of expression, we will use BAYC as our target NFT to be fractionalized. The following rules will apply to other NFT collections, such as CryptoPuns, Sandbox, and Otherdeed.

For ease of expression, we will use BAYC as our target NFT to be fractionalized. The following rules will apply to other NFT collections, such as CryptoPuns, Sandbox, and Otherdeed.

The first two chapters of Fracton Protocol Acadamy introduced the fundraising process through Blind Box and BAYC fractions (People’s BAYC), which can be considered 1/1000 of a BAYC. However, since the ERC-1155 token is still indivisible, the liquidity issue for Blind Box and People’s BAYC still exists despite their contribution toward making blue-chip NFTs accessible for everyone. The lack of liquidity increases the difficulty of asset valuation, reducing the effectiveness of price discoveries through the “invisible hands”. To solve this problem, Fracton has introduced hiBAYC, planning to launch hiBAYC trading pairs on Uniswap and other cooperative CEXs.

The previous article introduced some parts of the fractionalization fundraising of Fracton Protocol. This article will explain further the fundraising process by introducing two critical elements of Fracton - People’s BAYC and Blind Box.

Fracton Protocol ("Fracton") has many product design innovations to balance between being decentralized, having sufficient liquidity, and meeting all kinds of transaction needs. We recommend our users spend some time understanding our product to achieve a smoother user experience.

Overview