It hardly feels like a month since we launched fractional.art* in July. We’ve seen some pretty incredible adoption and engagement from this new community: there have already been over 200 unique curators and 2,500 unique owners of fractions who have come up with so many cool things we couldn’t have anticipated ourselves. A few to highlight:

• ♦ DEAD: Resulting from a PartyBid-based fractionalization which raised over 1200 ETH(!!!) in under 24 hours to win a zombie crypto punk auction. These NFT fractions have one of the widest distributions on the site and the zombie is one of the highest valued NFTs locked in Fractional.
• ♦ HOODIE: A hoodie punk fractionalized by our very own Deeze, has grown a crazy community around it. “Hoodie-gang” has set up its own channel in our discord where only HOODIE owners can hang and chat. We love seeing the fun micro-communities being formed around fractions.
• ♦ TWIN: Anonymoux, an NFT collector with a seriously impressive collection, worked with Justin Aversano to fractionalize Twin Flames #49 which was originally won in its entirety at the Sotheby’s auction house. Based on the current implied valuation of the NFT, it is the highest valued photography NFT to date.
• ♦ ABC123: One of the first fractional NFTs during our initial launch is a basket of 31 NFTs containing one of each of the first 31 Art Blocks Curated NFTs. There is a ton of excitement from our users about collecting these given Art Blocks’ explosive popularity which has left many people priced out sitting on the sidelines unable to buy full pieces, until now!

The last month has brought a major rise in activity through the protocol and over 700 NFTs have been fractionalized! As engagement and collecting continue to grow, we want to provide this new community of creators, collectors, and curators with as many new and exciting features as we can, as quickly as we can. To help, we recently completed a $7.9M seed finance round led by Paradigm and with participation from Robot Ventures, Delphi Digital, Variant Fund, Divergence Ventures, Flamingo DAO, Mechanism Capital, among other major ecosystem contributors. All these organizations are deeply embedded in crypto and share a worldview with us about where this community can go and how the protocol can evolve and grow over the long term.

We have a ton of work to do to keep pushing the boundaries of NFTs and collecting, and we need help! If you feel as inspired by what’s happening in NFTs as we do and want to get involved, we are hiring for a number of roles including smart contract developers, a product design lead, in-house counsel, and a business development lead.

Alongside this, Fractional has been working closely with collectors, creators, brands, and DAOs who want to use fractionalization for all sorts of fun and exciting things. If this is something that interests you or your team, please reach out to [email protected] to start the conversation.

Discord: https://discord.gg/fractionalTwitter: https://twitter.com/fractional_art

EDIT: Adjusted the picture of this announcement to our logo in the header

*For those who are just now hearing about Fractional for the first time, fractional.art provides a new way for the NFT community to mint fractions of their NFTs through the fractional protocol, a decentralized smart contract accessible to anyone on Ethereum. This turns your non-fungible tokens into fungible ones and unlocks a ton of possibilities.