NFT Glossary Deep Dive: Fractional NFT
Ellen Britt for CNT #NFTAs you might guess, a fractional NFT means that NFT is owned by a group of people, instead of an individual. So what is the purpose behind this? Why would you want to own a fraction of an NFT? Fractionalization Democratizes NFT Ownership One of the reasons fractionalization, as it is called, is so attractive to some buyers, is that they can own a piece of a very valuable NFT for a low price. Also, because so many people are participating in these transactions, fractionalization increases the liquidity of these high-value NFTs. That's A Glossary Wrap This closes out our NFT Glossary series.…