Ripple’s RLUSD stablecoin has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. 

Daily top performer — Sui Network (SUI)

The S&P 500 gained 1.67% on easing trade tensions and Fed reassurance, but pared gains after tariff cut hopes were downplayed. Gold fell from its $3,500 high, signaling a bearish reversal. Key support lies near $3,167, with further downside possible. The Coindesk Indices, which tracks the broader crypto market, fell 0.53%, with Bitcoin and Ether up 2.19% and 5.92%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is SUI, up 7.3%, following OVERTAKE's partnership with Sui to build a scalable and trustless game asset trading platform.

Sui Network (SUI), founded in 2022, is a Layer 1 blockchain by Mysten Labs, built to improve web3 scalability, speed, and security. It aims to reduce smart contract latency and support innovative NFT gaming, like Sui Monstar, with a developer-friendly environment. 

, efficient game asset trading platform. Leveraging Sui’s object-centric architecture, parallel execution, zkLogin, and modular infrastructure, OVERTAKE aims to enable trustless trading, verified in-game assets, and a real, on-chain game economy.

Check out the latest prices, charts, and data of 

 has gained momentum in decentralized finance (DeFi), attracting significant supply to Aave’s V3 Ethereum Core market, with a notable amount in loans taken. Initially slow, the stablecoin's growth has accelerated after its debut on Aave. RLUSD has a market cap close to $300 million and a supply cap, with borrowing limited to a specific amount. Ripple aims for RLUSD to become a top-five stablecoin by year-end. Ripple's collaboration with Chainlink enhances RLUSD’s utility across both institutional and DeFi applications.

Yesterday, BTC spot ETFs saw $273.8M in total inflows, all from non-GBTC funds.

, with 10% of MILK’s 1B supply allocated for eligible users—mPoint holders, oolitia NFT holders, and milkINIT testers. Opt-in is required for CEX claims; wallet claims need no action. Pre-deposits close April 26, 12 PM UTC.

Beginner

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Ripple’s RLUSD stablecoin gains momentum with Aave integration and growing DeFi presence

VanEck’s BNB Spot ETF proposal could bring BNB to U.S. markets, expanding access and marking a key milestone for BNB Chain's growth in regulated finance.

After the US Securities and Exchange Commission (SEC) approved spot exchange-traded fund (ETF) products based on 

 (ETH) in 2024, a flurry of new altcoin ETF applications emerged in early 2025. Many prominent asset management firms are vying for the approval of their ETF products, based on coins like 

 (AVAX) and others. Even some smaller-cap meme coins, specifically Pudgy Penguins' 

, have joined the SEC's ETF waiting list.

Given that most top cryptos already have their ETF applications filed with the country's financial regulator, it's little surprise that BNB Chain's 

, the fifth-largest cryptocurrency by market capitalization, has joined the bandwagon. In late March 2025, the New York–based global investment management giant VanEck registered a trust entity named VanEck BNB ETF in the US state of Delaware. The registration is an early sign that the acclaimed investment manager is planning to lodge a BNB ETF application with the SEC.

If approved, it will be the first US-based BNB ETF product on the market, likely leading to significant growth within BNB Chain's already well-established ecosystem.

On Mar 31, 2025, one of the leading asset managers in the world, VanEck, registered a trust named VanEck BNB ETF in the US state of Delaware. This is the strongest imaginable indicator that the company plans to subsequently launch an application with the SEC for the ETF’s approval. If approved by the regulator, the product will be the first spot ETF in the US to track BNB coin. As of the time of this writing (Apr 23, 2025), VanEck hasn't formally applied with the SEC, but this step is likely imminent.

Following the SEC filing, BNB coin will join a long list of other leading cryptocurrencies whose spot ETF applications have been lodged with the US regulator. Over the past few months, the SEC has received spot ETF applications for Solana, 

The VanEck BNB Spot ETF will track BNB coin, allowing holders to invest in the asset without directly holding it. While BNB is among the most popular assets in the crypto market, many investors are eschewing it and other cryptocurrencies due to their unregulated nature. Upon approval, the ETF product would be available for trading on regulated stock exchanges.

The exact composition of a crypto ETF product is usually unknown before its application is filed with the SEC. Therefore, we can assume that at this stage the ETF will be based entirely upon tracking BNB coin. Any additional components, such as minor holdings of other assets such as cash equivalents, could theoretically be included, but this will only be known upon VanEck’s formal application to the SEC.

VanEck itself is among the leading ETF issuers in the finance industry and is a pioneer of crypto ETFs. The firm already offers approved 

, and has filed applications with the SEC for spot ETFs based on several other cryptocurrencies, including a 

Currently, there’s no ETF in the US based on the BNB coin. In that respect, VanEck’s registration is the first serious effort to introduce such a product. Internationally, there is one exchange-traded product (ETP) that tracks BNB — the 21Shares Binance BNB ETP (ABNB), listed on the Swiss Stock Exchange. This ETP is offered by 21Shares, a leading digital asset management firm based in Zurich, Switzerland.

. ETPs may be based on various assets, such as stocks, bonds, commodities or cryptocurrencies. However, ETFs often offer better liquidity, lower fees and greater tax efficiency than other types of ETPs.

In short, despite the presence of the ABNB ETP on the market, the BNB ETF landscape remains an empty niche, as the 21Shares product isn’t a full-fledged ETF and has no regulatory approval in the US.

Current impact of BNB ETF applications on the crypto market

VanEck’s BNB ETF application — or, to be precise, its registration in Delaware — has so far had no immediate impact on the coin’s market price. In fact, BNB coin is currently trading at $615.68, barely different from its price of $600 in the early days of April when news of the ETF’s registration first surfaced.

BNB is a major cryptocurrency featuring at least one billion dollars in daily trading volumes. The news of VanEck's initiative is unlikely to seriously affect BNB’s price. However, if the ETF ultimately gains approval from the SEC, such a development may have a significant positive impact on the crypto's future price.

What will it mean if a Spot BNB ETF application is approved?

If the SEC approves the Spot BNB ETF, it will likely lead to higher demand for BNB coin — as demand from investors for the product rises, VanEck will need to source more BNB to back its ETF shares. This increased demand would push the price of BNB higher. As noted above, BNB is one of the market's largest cryptos and features substantial trading volumes. Therefore, it's unlikely that a Spot BNB ETF would cause drastic rises in the coin’s price. However, a certain positive price effect is a safe bet, and the magnitude of the effect will be directly related to the popularity of the ETF among investors.

Additionally, the ETF will improve the visibility of the BNB ecosystem, potentially leading to more 

 (DApps) and projects launched on its blockchain.

If approved by the SEC, the Spot BNB ETF by VanEck would usher in a new era for the coin. For the first time ever, BNB as a financial asset would become available through the regulated environment of US stock exchanges. This would not only help support the coin’s price and expand the chain’s ecosystem, but would also be a major reputational gain for Binance, the world’s largest crypto exchange and the corporate entity behind BNB Chain.

Over the years, Binance has had its fair share of troubles and arguments with US regulators. A fully approved spot ETF based on Binance’s own coin would, therefore, send a signal to the crypto market that the major components of the Binance ecosystem — BNB crypto, BNB Chain’s blockchain and the Binance crypto exchange — aren’t as risky to deal with as some Americans may believe.

Intermediate

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BNB Spot ETF: A new gateway as BNB Chain evolves

In this article, we explore liquid staking protocol StakeStone's key features, the STO token launch, tokenomics and how to trade STO on Bybit.

StakeStone (STO) is a next-gen omnichain liquidity infrastructure protocol designed to optimize yield and cross-chain liquidity. Its introduction of liquid yield-bearing versions of ETH and BTC — STONE and STONEBTC — enables users to earn sustainable yield while enhancing capital efficiency. This article explores StakeStone’s architecture, core assets, founding team, tokenomics and recent market performance.

 is a decentralized liquidity infrastructure protocol that issues liquid, 

-bearing assets like STONE (Ethereum) and STONEBTC (Bitcoin). Designed for omnichain integration, it empowers users and protocols with composable 

 solutions and efficient cross-chain liquidity.

Launched in 2024, StakeStone was built to address the fragmented and capital-inefficient nature of ETH and BTC staking by introducing secure, flexible and modular primitives. StakeStone’s mission is to maximize on-chain yield while ensuring deep liquidity across ecosystems.

StakeStone was founded in 2023 by a team of DeFi-native builders led by Charles K, a crypto veteran with over 10 years of experience in centralized exchanges (CEXs), hardware wallets and DeFi infrastructure The core team includes Rose Li, Chief Strategy Officer, and Ivan K, Chief Marketing Officer.

The project has secured funding from notable crypto funds, including Polychain Capital, Binance Labs, OKX Ventures, Amber Group, HashKey Capital and Bankless Ventures. These backers not only provide capital but also strategic ecosystem access — positioning StakeStone as a serious player in omnichain liquidity and yield infrastructure.

StakeStone converts ETH and BTC into liquid, yield-bearing assets — STONE (ETH) and STONEBTC (respectively) — through a modular and omnichain framework. When ETH is staked, it flows into the StakeStone Vault and is allocated to the Strategy Pool, and STONE is minted via the Minter.

Yield is generated through strategies such as:

Users can deploy STONE across chains via the 

 (LP) rewards, with optional LP locking for enhanced returns. SBTC is the liquid BTC asset mirroring Bitcoin’s value, with STONEBTC adding a yield layer to BTC and unlocking passive income without sacrificing liquidity.

StakeStone implements key security measures, including the following:

STONE (ETH): Omnichain yield-bearing asset

 derivative. It’s minted when users stake ETH, and is backed by underlying yield from stETH, EigenLayer restaking and additional DeFi strategies.

STONE supports seamless cross-chain bridging, enabling deployment across supported networks and STONE-Fi Pools for additional rewards. Users benefit from passive yield, cross-chain utility, governance participation and on-demand liquidity.

SBTC is a liquid Bitcoin asset that mirrors BTC’s value and enables seamless use within EVM-compatible chains. STONEBTC, on the other hand, enhances SBTC by adding a yield layer, empowering users to earn yield from BTC-based strategies while preserving liquidity.

 utility by unlocking native BTC liquidity and enabling new use cases, such as cross-chain lending and borrowing, LP participation in BTC-based DeFi pools and composable integration across multichain DeFi protocols.

Together, SBTC and STONEBTC aim to position Bitcoin as an active capital layer across Ethereum and beyond.

 of StakeStone, with a total supply of 1 billion. It underpins protocol governance via OPAP proposals, voting-escrowed STO (veSTO) staking and 

Emissions are set to taper gradually until 2031, aligning incentives with long-term ecosystem growth.

According to CoinGecko, as of Apr 24, 2025, 

with a market cap of over $25 million. The token has recently shown strong momentum, rallying 85.4% over the past two weeks. Furthermore, StakeStone’s value could benefit from various catalysts, such as the rise in demand for 

 the STOUSDT Perpetual futures contract in the Innovation Zone, with up to 20x leverage.

 a Bybit account, complete identity verification and fund your 

 using crypto deposits or fiat currencies. 

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StakeStone (STO): Cross-chain liquid staking protocol

The MANTRA (OM) token’s wild crash on Apr 13, 2025, shocked the crypto world. Discover the causes, fallout, and what’s next in MANTRA’s road to recovery.

In the morning and daytime hours of Apr 13, 2025, the MANTRA blockchain's native token, OM, sat at a respectable market cap of $6 billion, making it the third-highest-ranked cryptocurrency in the 

 (RWA) category, the area the platform specializes in. Everything seemed like smooth sailing for the token.

Then, just after 6 PM UTC, the price of the OM token suddenly began to free-fall, declining from nearly $6 to about $0.50 in the space of just two hours.

A project that started the day as one of the top players in the RWA field was now worth 90% less as the evening approached. OM's abrupt, sharp crash immediately caught the market's attention, with speculation of a 

However, MANTRA's CEO, John Patrick Mullin, immediately sprang into action for PR damage control on social media, reassuring the public that the team members weren’t dumping OM tokens at all. Instead, MANTRA's founder and CEO alleged that deliberate actions of some 

 (CEXs) had caused the catastrophic plunge.

As of our coverage date of Apr 23, 2025, this is a developing story. In this article, we’ll establish what actually happened, who's involved and what awaits the OM token in the foreseeable future.

 decentralized network dedicated to RWA tokenization and utilization in compliance with real-world regulatory requirements.

 It features high scalability and low transaction fees. The project is one of the earliest initiatives dedicated to RWA use via blockchain technology. Originally, MANTRA debuted as a 

 (ETH) in August 2020. In October 2024, the project migrated to its own dedicated Layer 1 platform, the MANTRA Chain. The MANTRA blockchain is based on the Cosmos SDK framework, and is part of the wider 

The MANTRA ecosystem's main products include MANTRA DEX, a 

 (DEX); a digital identity (DID) management tool; a compliant token development and management solution; and a comprehensive compliance and permissioning system. MANTRA has also partnered with global powerhouses like Google Cloud, and with DAMAC Properties, one of Dubai's most prominent developers, to propel innovative solutions for 

Starting in late 2024, right after its own dedicated mainnet launch, MANTRA had become a significant player in the RWA corner of 

 (DeFi). By late February 2025, the platform’s native OM token had climbed to a value of nearly $9, with its market cap peaking at around $8.2 billion. Before the fateful events of Apr 13, 2025, OM was the third-highest-capped crypto in the RWA category, trading at $6.27, with a market cap of slightly over $6 billion, according to the CoinGecko portal.

In the evening hours (UTC time) of Apr 13, 2025, OM began to lose its value precipitously, dive-bombing from over $6 to about $0.52 in the space of two hours. The token’s market cap fell to slightly under half a billion dollars — a loss of more than 90%.

CEO John Mullin was quickly online, reassuring the crypto community that no team member had sold their OM holdings, and that this wasn’t a case of the bad ol’ rug pull. Instead, Mullin alluded that after OM tokens were moved to two leading CEXs (Binance and OKX) to use as collateral, the exchanges initiated a cascade of 

 of positions backed by the token. Both exchanges refuted the allegations, and connected OM’s price collapse to its recent unusually high price 

, and significant tokenomics changes made to OM in October 2024 that greatly undermined its value.

As a chain of liquidations took place, the token’s price started to plummet, causing significant panic that quickly led to further price drops. The situation only stabilized closer to the end of the day, with OM’s price remaining under $1. As of Apr 23, it’s trading at $0.5543 — a far cry from its rate of over $6 just two weeks ago.

After investigating, crypto analytics firm Lookonchain concluded that 17 wallets had deposited 43.6 million OM tokens (4.5% of the token's circulating supply) into the implicated exchanges. Two of these wallets are believed to belong to Laser Digital, one of MANTRA's investors. Another investor in the project, Shorooq Partners, is also suspected to be among the 17 wallets. Both Shorooq and Laser Digital have denied the allegations.

Although the price plunge was immediately compared to the 2022 collapse of the 

 (LUNA) blockchain, many analysts point out that the two crashes are fundamentally different. Terra's crash resulted from structural abnormalities in the 

 regulating UST, the project's stablecoin. In contrast, OM's fiasco is suspected to be the direct result of market-driven manipulation by 

, and possibly exchanges. No security breach, disruption to services or data, or other adverse structural events have occurred on the platform.

While this development is unprecedented for the project, MANTRA has been embroiled in other controversies throughout its history. One of these was its 

, first announced in August 2024 and then delayed multiple times. Around 50% of the wallets believed to be bots were cut off from the airdrop list. However, many considered the bot-culling process to have been conducted without much proof.

There have also been reports of vote rigging in the project's governance system in a bid to obscure MANTRA’s centralized model of profit allocation. Additionally, some analysts have accused the project of "forced bridging" to manipulate the market price. Platform users had to migrate their Ethereum-based OM tokens to MANTRA's native OM tokens via 

, which would increase gas fees and allow the project team to control the token's circulation pace.

How is MANTRA (OM) headed toward recovery?

MANTRA’s CEO rapidly reassured users that the team is now working hard to jump-start the token’s recovery. On Apr 14, 2025, Mullin unveiled plans to initiate a buyback scheme, along with the intent to burn all OM tokens held by the project team. The team's supply totals 300 million tokens, representing about 17% of the total supply.

He also denied factually incorrect assertions circulating online that the team effectively controls 90% of OM's supply. Mullin further assured the public that no large-scale selling events by investors have occurred.

As OM’s value has stayed firmly under $1, it remains to be seen how these PR efforts — as well as the planned buyback and burn — will affect the token’s future.

 as a swap pair with USDT, or on the Derivatives market as the 

Naturally, given the ongoing situation with the OM token, buying OM is at your own discretion, as right now the token is truly for the adventurous and brave at heart.

As of Apr 23, 2025, the OM token is trading at $0.5543, 93.8% lower than its ATH of $8.99 on Feb 23, 2025, and 3,138.8% higher than its ATL of $0.01726 on Oct 12, 2023.

Curiously, most crypto price prediction portals are optimistic about the OM token's long-term prospects. DigitalCoinPrice 

 of $1.81 in 2027 and $2.82 in 2030, whilePricePrediction 

It's hard to verify all the allegations flying around regarding the involvement of exchanges and key investors in the MANTRA OM incident. What matters at this stage is that the project team has been quick and proactive in injecting transparency and clarity into the situation.

The free fall in the token's price seems to be over by now. In fact, OM’s decline was over within hours of the incident. Moreover, unlike Terra's LUNA and UST coins, OM hasn't become worthless. All these factors point to potential stabilization and recovery ahead. The question now is: Will the pace and magnitude of the recovery be enough to save the project in the long term? At this early stage after the collapse, few people could answer the question with confidence. We'll eagerly await the developments over the next few weeks to see if MANTRA finds its way out of the woods. 

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MANTRA (OM): Understanding its wild ride and road to recovery

NFTs represent a new era of asset ownership that’s decentralized and transparent. Here's how fractional NFTs allow crypto investors to own a fraction of a big pie. NFTs represent a new era of asset ownership that’s decentralized and transparent. Here's how fractional NFTs allow crypto investors to own a fraction of a big pie.

, represent a new era of asset ownership that’s decentralized and transparent. One of the key defining features of NFTs is their guaranteed exclusive ownership. An NFT can’t be replicated or forged; it’s essentially a one-of-a-kind token. 

However, this exclusivity severely limits what NFT holders can do with their assets. This has led innovators in the space to push the boundaries of what’s possible for NFTs, including opportunities for fractional ownership. 

Fractionalization allows crypto investors to own a fraction of a big pie with little to no chances of getting ripped off. The concept is similar to owning shares of a company. It opens up NFT ownership to small- and mid-tier investors, instead of just whales with fat bank accounts. 

So, what exactly are fractional NFTs, how do they work, and what are their benefits for investors? Read on to find out. 

A fractional NFT is simply a whole NFT that has been divided into smaller fractions, allowing different numbers of people to claim ownership of a piece of the same NFT. The NFT is fractionalized using a smart contract that generates a set number of tokens linked to the indivisible original. These fractional tokens give each holder a percentage of ownership of an NFT, and can be traded or exchanged on secondary markets. 

 are ERC-721 tokens created by an indivisible 

. Since the tokens are indivisible and impossible to replicate, they are the perfect medium for individual intellectual property tracing. 

 in 2021 thanks to multiple record-setting auctions of NFT projects. These virtual assets run the gamut from 

So far, the largest was the auction of digital artist 

 in February 2021. That historic sale opened the door for several more NFT projects, including 

, some of which are now trading for millions of dollars on secondary markets.

NFT art by Beeple broke records after it sold for $69,346,250 in March 2021. Image source:

As a burgeoning asset class, NFTs have greatly increased in popularity. Some collections have become so valuable that the price of owning a single NFT has become prohibitively expensive. While not every NFT collection has acquired the infamy of Beeple’s art or cartoon ape avatars from Bored Ape Yacht Club, the ones that are worth collecting can still be quite pricey. It also doesn’t help that NFTs are one-of-a-kind tokens, which means acquiring them on 

 can be difficult, due to a lack of liquidity.

With such high barriers to entry, fractionalization is a potential solution to all of these problems. Breaking down an NFT into smaller pieces democratizes this new market, allowing interested parties with limited funds to affordably invest. This not only benefits investors, but also NFTs in general, because it brings liquidity to the market. Fractional NFTs inject the market with a large number of affordable tokens that offer percentage ownership of popular NFTs.

Essentially, buyers with limited funds are able to buy fractional NFTs for a small proportion of the total market value. This enables multiple investors to each gain partial ownership of the same asset.

The mechanics behind fractionalization are pretty simple: Take a whole NFT and create a set number of shares (1,000, 10,000, even 10 billion) which are sold at a fixed price. These shares can be bought and sold on secondary markets without affecting the value of the original NFT. A famous example of fractionalization within this space is the sale of 

, which was auctioned on Otis in July 2021 with prices starting from $10 per share. 

One of the works from the “Newborn 1 & 3” collection by musician Grimes was sold as fractional NFTs on Otis at $10 per share. Image source:

Another famous example is the sale of an NFT of the iconic “Doge” meme that led to the creation of the meme cryptocurrency 

. An NFT of the meme sold for $4 million in June 2021 (

 at several hundred million dollars). The buyer, a collective known as PleasrDAO, fractionalized the NFT 17 billion times, allowing anyone to own a piece of it for just pennies. 

Fractional ownership of assets isn’t a novel idea. The concept has been used with great success in numerous industries, ranging from real estate to fashion, and for all kinds of physical assets, including 

, designer goods, and luxury assets like yachts and private jets.

The Doge NFT was fractionalized into 17 billion tokens called DOG. Image source:

In the real estate industry, fractionalization is commonly used by groups of people as a way to affordably purchase vacation homes. Unlike with a timeshare, which only guarantees a set amount of time at a property every year, owners who purchase fractional ownership of a property receive a deed representing their share. 

Fractional owners take on all of the benefits and losses that come with the possession of property. The co-owners share the income, usage rights and access to the shared property, proportionate to the percentage of the asset that they hold. If the vacation home grows in total value over a decade, then the value of individual shares will also appreciate.  Of course, that also means if the property’s value depreciates, then the value of the shares will decrease accordingly.  

At its core, an NFT is really just a token that uses Ethereum’s ERC-721 standard. Before the NFT can become fractionalized, it’s first locked in a 

, which is simply a program stored on the blockchain that’s coded to automatically execute when predetermined conditions are met. 

The smart contract then splits the ERC-721 token into multiple fractions in the form of 

 based on the instructions provided by the NFT owner. The owner outlines the number of ERC-20 tokens that will be created, their price, metadata, and other properties. Each fraction, or ERC-20 token, represents partial ownership of the entire NFT. The fractions are then put up for sale at a fixed price for a set period of time, or until they’re sold out. 

Imagine if we could fractionalize Norwegian artist Edvard Munch’s iconic work 

which sold for nearly $120 million at Sotheby’s in 2011. An NFT representing the artwork would be prohibitively expensive, and only a very small number of wealthy investors could bid for it. However, if an NFT of 

 was fractionalized into 10,000 ERC-20 tokens using a smart contract, then it would be possible to own a fraction of the famous artwork for just $12,000 apiece, which is much more affordable and would attract buyers more easily. 

It’s important to note that NFTs and fractionalized NFTs aren’t just limited to the 

 blockchain. Fractionalization can work on any blockchain network that supports smart contracts and NFTs. Alternative networks such as 

 all support smart contracts, and can facilitate the creation and transfer of NFTs. These networks have the added benefit of fast transaction times and no gas fees. 

What’s the Difference Between F-NFTs and Traditional NFTs?

Fractionalized NFTs, which are sometimes called F-NFTs, represent percentage ownership or fractions of a complete NFT. The difference between the two is obvious: An NFT is a whole, while F-NFTs are simply fractions of the whole. 

It’s important to point out that the fractionalization process can be reversed, and F-NFTs can be transformed back into a whole NFT. The 

 that fractionalizes an NFT typically has a buyout option which allows an F-NFT investor to purchase all of the fractions and unlock the original NFT. 

An F-NFT holder can initiate the buyout option by transferring a specific number of the 

 from a collection back to the smart contract to trigger a buyback auction, which will run for a fixed period of time. This gives the other F-NFT holders time to make a decision. If the buyout goes through during that period, the fractions are automatically returned to the smart contract and the buyer gains full ownership of the NFT. 

There are three core reasons why F-NFTs are needed: 

The biggest benefit for fractional NFT owners is that they get to own a percentage of a larger, and more expensive, whole NFT. Depending on the NFT and the platform where the fractional NFT was purchased, the holder may gain some local governance rights on the platform with respect to a particular fraction set. 

 in existence, and due to their expensive price tags, they have relatively few sales. In April 2021, a collection of 50 CryptoPunks was fractionalized into 250 million tokens, each representing part of the collection. 

50 CryptoPunks were tokenized into 250 million uPunks on Unicly. Image source:

These fractional NFTs, called uPunk tokens, had a collective 

 of $12.9 million in February 2022. Holders of uPunk tokens have the option to bid on any CryptoPunk in the collection. If 50% of the 250 million vote to unlock the collection, then each of the NFTs will be awarded to their highest bidder.

Some F-NFT projects support staking, and enable holders to earn a passive income in addition to voting rights. For example, 

 is a collection of 9,999 NFT avatars which are similar to the ape avatars by 

, except the Mutant Cat avatars feature colorful, mutated cartoon cats. The project has fractional shares, called $FISH, which represent fractional ownership of the NFTs. Each Mutant Cat NFT holder can stake them to earn 10 $FISH per day. They also gain exclusive access to the Mutant Cat 

 community, as well as voting rights over the DAO’s assets. 

Several platforms have emerged where users can create and purchase fractionalized NFTs, including: 

Fractional NFTs are undoubtedly a good investment. They’re helping to unlock liquidity for NFTs, while also increasing inclusion and participation in the booming NFT space. They expand the NFT market’s new opportunities by bringing liquidity, price discovery and democratization. 

That being said, fractionalized NFTs aren’t without risk: They face all of the same issues — such as publicity rights, contracts and intellectual property rights — which plague NFTs in general. Additionally, while the sale and purchase of whole NFTs as digital collectibles may not raise issues with securities laws, F-NFTs are more likely to raise red flags with financial regulators, because their creation could be viewed as unauthorized initial coin offerings (ICOs).

 that the agency may consider fractional NFTs to be securities. However, the SEC (US Securities and Exchange Commission) has yet to release any formal legal and regulatory guidelines concerning NFTs. 

As the market for NFTs and F-NFTs continues to grow, legal rules around the assets will also evolve. For now, investors and owners in NFT-related ventures should remain cognizant of any legal issues that might arise. 

The NFT market continues to explode in popularity and demand and we are certain to see more interesting developments and use cases as blockchain technology evolves even further.

The concept of fractional NFTs is still nascent, but it looks like it’s going to be the next big trend in the ever-growing crypto industry. NFT fractionalization enables greater liquidity and by extension endless possibilities for investment strategies. It opens up the market to a significantly wider pool of investors, ensuring that the next wave of monetization of digital assets will be powered by F-NFTs. To find out more about investing in NFTs, find out about how 

Explained: Fractional NFTs (F-NFTs) and How They Work

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