PIQSOL Holdings, a tech firm located in the United Kingdom, has set its sights on launching the first-ever fractional NFT marketplace on the Solana network. The company has launched an initiative to make NFTs more user-friendly. According to the project’s development team, the marketplace would be comparable to OpenSea, but it will also provide global transactions for fractional digital assets.
Pisqol has discovered how the crypto-based NFTs niche is gaining traction in the global financial landscape. As a result, they want to provide interested parties worldwide with an equitable opportunity to participate in the biggest movement in the crypto-verse today. Fractional NFTs will make this feasible by allowing those who otherwise would not be able to hold these assets to do so.
Note that the platform’s utility token, PISQOL, which allows holders to easily acquire fractional NFTs with a strong growth potential of up to 100x, is already available. Its pre-sale event began on 4 February, but the ICO event will launch on 15 April 2022.
Issues Addressed by Pisqol
Generally, profitable NFTs have grown in value to the point that they may be out of reach for most businesses. For example, buying a BAYC NFT is usually prohibitively expensive, deterring individuals from taking the ‘purchase’ step. According to current figures, NFTs might be sold for as much as $91 million, demonstrating how valuable they are.
According to Dappradar, it reported that the NFT trading activity throughout the third quarter of 2021 exceeded $10 billion. These figures are highly disappointing to those who do not earn a million dollars every day.
Such constraints bore the concept of fractionalized NFTs, which allow many parties to possess tokenized assets. As a result, NFT’s owners can divide portions of their assets in the form of tokens based on their contributions smoothly.
Pisqol intends to address such concerns by developing a marketplace where individuals may avoid the problem of purchasing these “precious” digital items. Furthermore, the business project guarantees retailers that the market would not be as challenging to use as other digital markets currently in the industry.
According to PISQOL Holdings CEO, this initiative aims to transform NFT adoption by making it available to the masses. Not only will it lower minting expenses, but it also minimises the learning curve dramatically.
Pisqol is the first fractional Solana NFT market in the world. This is an enormous step for the industry as it will open up new streams of revenue, innovative onramps, and a movement toward fractional ownership that has never truly been within reach of beginners, lower-income, or even most middle-class customers. As such, Pisqol democratises the ownership of high-value NFTs.
Pisqol has also revealed details about the NFT marketplace, including the availability of choices such as purchasing, selling, and even minting NFTs. The network will also include an NFT authentication service and a multichain minting network supplied by a well-known third-party security service provider.
The PIQSOL initiative provides a complete NFT marketplace comparable to OpenSea but with substantially more functions, including fractional NFT ownership via the PIQSOL’s NFT marketplace, minting, purchasing, and auctioning NFTs, multichain NFT minting, and safe and secure authentication via a third-party security supplier.
Thus, Pisqol is an excellent option for those who would like to invest in those NFTs that are usually too pricey for them. Thanks to its concept of fractionalizing NFTs, users can enjoy access to various NFTs without any financial restraints.
As such, this project will undoubtedly transform the NFT sector and provide much-needed value to the blockchain ecosystem. Pisqol also intends to produce native and integrated mobile applications and connect the PIQSOL Token to other gaming platforms.
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