Understanding the concept and potential of fractional ownership in the NFT market — as well as the drawbacks.
Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Fractional NFTs enable the division of a single, unique NFT into numerous, interchangeable units.
However, it's important to note that NFTs themselves cannot be divided. The concept of fractionalization essentially bypasses this limitation by creating multiple fungible tokens that represent a share in the original, indivisible NFT. This process enhances the accessibility of NFT ownership, allowing people to own a portion of an NFT that they might not be able to afford in its entirety.
While the concept of fractionalization isn't new, its application to blockchain assets brings a fresh perspective to the digital asset class. Fractionalization enables greater democratization and liquidity in the NFT market, making it easier for more people to participate in this burgeoning sector.Fractional NFT ownership some advantages that make it attractive to investors and collectors alike.
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