The problem Fractional NFT Bazaar solves

History of NFTs shown that a very small portion of NFTs stay valuable over the long term but 99% of Non Fungible Tokens lose value after a few months and their liquidity is $0.
In the example of Crypto Kitties, over the last 7 days a total of 1051 CKs were sold on the second hand market for a total of 23K$. The biggest sale during this week was recorded at 1.2K$ and only 61 of those sales were over 100$ (5.8%) while most items traded for a few dollars. (source: CK on NonFungible.com).

Some more points to consider are as follows -

• So to provide more liquidity to NFT market we could possibly break them into fractions and then work on that level.
• As the fractions are ERC20 tokens with some extra features this opens up possibilities of Defi and NFT getting combined.
• solve the liquidity problem in secondary markets for NFTs whereby NFT owners have to wait for someone to bid or buy at an asking price for a single piece

Challenges I ran into

I had to pivot from 2 ideas and made this in the last 2.5 weeks, I am still working on an idea of flashloans with these fractional nft.I started with 2 ideas

• first was a new wallet app on layer2 which could have help save gas on mainet but then we had news about EIP1559 and was working with magic-sdk ,had to leave the project as i had issues while getting private key of users and with less communication from magic team,
• second was working on improving or starting Refungible tokens(tokens that are fractions of NFT ) and was working on improving this EIP (https://github.com/ethereum/EIPs/issues/1528) which came to a halt due to no net communication with the EIP proposing developers

After that i started working on Fractional NFT Bazaar and just a small problem that i still have is throttling of opensea rinkeby api, that hinders my ability to show images