Fractional NFT Marketplace
- Fractionalized NFTs, or FNFTs, is a new type of digital asset that is made up of tiny fractions of an original NFT. This enables a number of people to claim ownership of the same NFT. The NFT is fractionalized using a smart contract that generates a set number of tokens linked to the indivisible original. These fractional tokens give each holder a certain percentage of ownership of NFT and can be traded or exchanged on our secondary market (exchange).
- While NFTs have greatly increased in popularity, some NFT collections have become highly valuable. While not every NFT collection has acquired the infamy of Beeple’s art or Bored Ape Yacht Club, the ones that are worth collecting can still be quite pricey, for instance, Degods. It also doesn’t help that NFTs are one-of-a-kind tokens, which means acquiring them on crypto markets can be difficult, due to a lack of liquidity.
- With such challenges, fractionalization becomes a potential solution. Breaking down an NFT into smaller pieces democratizes this new market allowing interested parties with limited funds to affordably invest.
Last modified 9mo ago