Fractional NFTs (F-NFTs) are shares of a single NFT. You split up the original NFT into several fungible tokens (ERC-20 tokens) that represent a claim on the original NFT. Need an example? We've got you! 💪
Given that projects in the NFT space often develop new products to increase awareness and effective demand for their NFTs,popular NFTs is for: making more money. If one day the big bad SEC regulators come around, you don't want to stand in their way.and open to anyone and everyone.
Say, you fractionalize your Crypto Punk among 10 friends. After a year, you change your mind and want your entire Punk back because you decided a house is a better investment than a JPEG. However, two of your "friends" are obstinate lil' s***s and refuse to sell to you no matter what. Now what?.
. Ironically, fractionalization can thus also harm an NFT's liquidity. That is why some protocols work with buyout clauses, though those seem to be a work in progress.Is there any way all the blockchain black magic can be used for something beyond speculating on fractions of digital JPEGs with DeFi protocols?Digital art is an obvious one, and there is nothing that really stands in the way of fractionalizing a real-world art piece.
If you believe that NFTs work, there are plenty of reasons to believe in partial ownership as well. If you think ownership of an NFT is a fad and a bubble, well, a fraction of an NFT will not change your mind.and neither are NFTs. The next liquidity wave will likely not fuel the same assets that worked last time. But the underlying technology, that is ERC-721 tokens, will still be a part of whatever is hot in the next.
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