Fracton Protocol
  • Introduction
    • What is FractonX?
    • What is NFT Fractionalization?
    • What is Rebase hiNFT?
    • Challenges in NFTs & Memecoins
  • FractonX's Solutions
    • Tech Design Philosophy
    • Overview
      • Meta-Swap
      • Fraction and Redemption
      • Swap NFTs in the same collection
    • Key Innovations
    • Terminology
      • ERC721 -> The Original NFT
      • ERC1155 -> People's NFT
      • ERC-20 -> hiNFT
    • Fees
  • Tokenomics
    • Fracton Token($FT)
    • hiNFT Tokens
    • $hiX & FractonX Genesis NFT
  • Use Cases
    • Why Choose Fracton Protocol?
  • Supports
    • Q&A
    • Contact us
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  1. FractonX's Solutions
  2. Overview

Fraction and Redemption

Any non-fungible tokens (NFTs) can be fractionalized and redeemed back using a combination of three Ethereum token standards: ERC721, ERC1155, and ERC20. As shown in the flow chart, Fracton provides 2 steps of fractionalization (ERC721-ERC1155-ERC20) with a hardcoded swap rate (1:1000) on each step. The protocol leverages Chainlink VRF for swapping People’s NFT for a random NFT (of the target collection) held in the protocol.

PreviousMeta-SwapNextSwap NFTs in the same collection

Last updated 2 years ago