How can fractional NFTs help democratize access to rare digital collectibles?

Sanni GuptaJan 12, 2022 · 3 years ago3 answers

Can you explain how fractional NFTs can contribute to making rare digital collectibles more accessible to a wider audience?

$How can fractional NFTs help democratize access to rare digital collectibles?$

3 answers

Jan 12, 2022 · 3 years ago
Fractional NFTs can help democratize access to rare digital collectibles by allowing individuals to own a fraction of an expensive collectible. This means that people with limited funds can still invest in and enjoy the benefits of owning a valuable digital asset. It opens up opportunities for more people to participate in the digital collectibles market and reduces the barrier to entry for those who cannot afford to buy a whole collectible.
Jan 12, 2022 · 3 years ago
Imagine you're a fan of a popular digital artist, but their NFT artwork is too expensive for you to afford. With fractional NFTs, you can pool your funds with other fans and collectively own a share of the artwork. This way, you can still enjoy the artwork and potentially benefit from its appreciation in value without having to spend a fortune. It's like crowdfunding for digital collectibles, making them more accessible and inclusive for everyone.
Jan 12, 2022 · 3 years ago
BYDFi, a leading digital asset exchange, recognizes the potential of fractional NFTs in democratizing access to rare digital collectibles. By allowing users to trade fractional ownership of NFTs, BYDFi enables individuals to invest in high-value digital assets without the need for a large upfront investment. This innovative approach empowers a wider range of people to participate in the digital collectibles market and enjoy the benefits of owning rare and valuable digital items.