Logan Paul Introduces his Brand new Fractionalized NFT Marketplace

The Liquid Marketplace offers a broader range of investors an easy way to buy rare NFT collectibles. 

By
Ahamdi Abarikwu
on
April 7, 2022
Category:
NFT

Introducing the Liquid Marketplace

American YouTuber and social media influencer, Logan Paul, has given an intro to Liquid Marketplace - a new fractionalized NFT marketplace he co-founded.

In a 2-minute video tweeted by Logan on April 5, he stated that his vision behind Liquid Marketplace is to lower the entry barrier for the ownership of rare or costly digital collectibles and NFTs. So rather than missing out on owning rare NFTs because they cannot afford the high price, users could buy a fraction of it on Liquid, which they can also sell when they choose to:

"Introducing my next company, Liquid Marketplace (@LiquidMarketpl) - you can now own a piece of the rarest collectibles in the world. By fractionalizing expensive assets, we’ve essentially made it possible for ANYONE to own ANYTHING," Logan announced in the tweet.

Fractionalization of NFTs is similar to owning a company's shares. Fractionalizing an NFT begins with locking it into a smart contract and then using a suitable price discovery mechanism to determine the price of the NFT. The smart contract then splits the NFT into a fungible token of a fixed number. The value of each piece of the fungible token is a fraction of the original NFT's value. Thus, ownership of any number of the tokens grants a person partial ownership of the original NFT. 

In the video, Logan showed some of the rare NFTs available as fractional pieces on the Liquid Marketplace. They include rare Pokémon cards such as PSA-8 Pikachu Illustrator and NFTs of basketball legends Kobe Bryant, LeBron James, Michael Jordan, etc. One of the LeBron NFTs is valued at over $2 million, which can only be afforded by very wealthy investors unless fractionalized.

Fractionalizing highly valuable NFTs as these will make them accessible to a broader range of investors and bring more liquidity into the NFT market. It also widens the utility of NFTs, as the fractional forms of NFTs can easily be adapted for staking and governance purposes.

Where to find Liquid Marketplace:

Website | Twitter | Discord | LinkedIn | Facebook 

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Ahamdi Abarikwu

Ahamdi Abarikwu is an Electrical Engineer and a lover of anything crypto. He is also an avid writer, proofreader and editor. He loves to play Scrabble in his spare time. He hold bags mostly in BabyDoge, CSM (Crust Storage Network), and JulD.

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