How does fractional ownership of NFTs work in the world of digital currencies?

3 answers

• Dec 25, 2021 · 3 years ago
  Fractional ownership of NFTs allows multiple individuals to collectively own a single NFT. Each owner holds a percentage of the NFT's value, represented by tokens. This concept is similar to owning shares in a company. Fractional ownership provides more accessibility to expensive NFTs, as investors can buy a fraction of the NFT instead of the whole artwork. It also enables trading and liquidity for NFTs, as owners can sell their fractional shares. However, fractional ownership comes with risks, such as potential disagreements among co-owners and the need for a trusted platform to manage the ownership structure.
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• Dec 25, 2021 · 3 years ago
  So, fractional ownership of NFTs is like sharing a pizza with friends. Instead of buying the whole pizza, you can buy a slice or even just a bite. Each person owns a portion of the pizza, and the value of their ownership is represented by tokens. This allows people with smaller budgets to enjoy a piece of valuable NFTs without breaking the bank. However, just like sharing a pizza, there might be disagreements on how to divide the slices or who gets the last slice. It's important to have clear agreements and a trusted platform to handle the ownership.
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• Dec 25, 2021 · 3 years ago
  Fractional ownership of NFTs is an innovative concept that allows investors to own a fraction of a valuable digital asset. At BYDFi, we offer a platform where users can tokenize their NFTs and sell fractional shares to interested investors. This opens up new opportunities for both NFT creators and investors, as it provides liquidity and broader access to the NFT market. Fractional ownership also allows for diversification, as investors can own a portion of multiple NFTs instead of putting all their eggs in one basket. However, it's important to carefully consider the risks and potential legal implications before engaging in fractional ownership of NFTs.
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