Can you imagine how a virus spread made the entire world go digital for literally everything?
Schools, jobs, shopping, food, and almost everything went virtual. It was difficult for most of us to move from physical to digital. However, from a business perspective, the year 2020 gave a potential boost to various businesses, especially startups. The Fractional NFT market went mainstream during this period and exploded more than anticipated.
In the early days, NFTs were exclusively used by passion-led creators. But then, we have come a long way while exploring its nook and corner.
NFTs – The Gateway To A Real Purpose
NFT (Non-Fungible Token) is the best technology in this digital era to grow the microeconomy of a country. Recently, people appreciated this new-gen technology for contributing to charity.
For example, Cadbury Dairymilk Gems recently launched their NFT collection. They partnered with “Save The Children” to achieve their ultimatum of raising funds for underprivileged children\’s education. During the Ukraine-Russia war, cryptocurrency and NFT helped Ukraine to raise war relief funds. This heartwarming aspect of NFT technology makes it an ideal option for future-minded investors.
“We were not ready for the BoredApes back in the timeline. All of a sudden, NFT took over the digital world. If you watch keenly, digital investing is getting more popular these days.”
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).
