NFTs, or non-fungible tokens, signify a new, transparent, decentralized era of asset ownership. The assured exclusive ownership of NFTs is one of its primary distinguishing characteristics. An NFT is essentially a unique token of which copying or faking cannot take place.
However, the NFT holders’ ability to use their assets is severely constraining by this exclusivity. Due to this, industry innovators have pushed the limits of what is feasible for NFTs. Thus, opening up possibilities for fractional ownership.
Crypto investors can own a portion of a large pie due to fractionalization. There are little to no risks. The idea is comparable to having stock in a corporation. Small- and mid-tier investors can now own NFTs instead of merely whales with large bank balances.
A Fractional NFT: What Is It?
An NFT divided into smaller fractions is known as a fractional NFT. This arrangement enables many parties to claim ownership of various portions of the same NFT. A smart contract that creates
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