Fractional Nft Development Service
February 9, 2023 ⚊ 1 Min read ⚊ Views 57 ⚊ TECHNOLOGY
Fractional NFTs Are Burgeoning Alongside The Usual NFTs
Do you all remember the auction of Beeple’s “Everydays: The First 5000 Days”? So far, it is the most expensive NFT sold (around $69.3 million). Comparatively, investment in NFT collectibles is getting more traffic than ever. The worth of rare and desired collectibles is breaking records in online platforms and auctions.
In the past, investment in any asset seemed like the activity of wealthy people. Meanwhile, fractional NFTs break the norms by enabling even small capital investors to have fractional ownership of a property or object. Either it can be a soccer team or an expensive ornament.
In general, the non-fungible ERC-721 token will be split into several pieces of fungible ERC-20 tokens. Now, this is how we make fractional non-fungible tokens (FNFTs).
