1/ Issue 16: The Broken Mirror // An Overview of #NFT Fractionalization ๐ช๐งฉ
In this issue, we highlight some potential benefits and use cases for fractionalization, review some of the major players in the space, and discuss some existing criticisms.
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In this issue, we highlight some potential benefits and use cases for fractionalization, review some of the major players in the space, and discuss some existing criticisms.
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3/ What is #NFT fractionalization?
F-NFTs are NFTs that have been locked in a smart contract and split into a quantity of ERC-20 tokens. Each token represents partial ownership of the NFT. Governance over the NFT is then delegated to a broad community of fraction holders.
F-NFTs are NFTs that have been locked in a smart contract and split into a quantity of ERC-20 tokens. Each token represents partial ownership of the NFT. Governance over the NFT is then delegated to a broad community of fraction holders.
4/ There are three primary benefits to fractionalization:
๐งฉ Price Discovery - Fractionalization introduces free market mechanisms that can hone in on valuation in real time.
๐งฉ Liquidity - Opens up liquidity for high value NFTs above the floor.
๐งฉ Democratization of Ownership
๐งฉ Price Discovery - Fractionalization introduces free market mechanisms that can hone in on valuation in real time.
๐งฉ Liquidity - Opens up liquidity for high value NFTs above the floor.
๐งฉ Democratization of Ownership
5/ Protocols and people discussed in this issue include:
๐งฉ @fractional_art
๐งฉ @prtyDAO and @nounsdao
๐งฉ @uniclyNFT
๐งฉ @NIFTEX
๐งฉ @NFTX_
๐งฉ @NFT20
๐งฉ @nftfyofficial
๐งฉ @Cryptopathic and $NFD / @PleasrDAO and $DOG
๐งฉ @fractional_art
๐งฉ @prtyDAO and @nounsdao
๐งฉ @uniclyNFT
๐งฉ @NIFTEX
๐งฉ @NFTX_
๐งฉ @NFT20
๐งฉ @nftfyofficial
๐งฉ @Cryptopathic and $NFD / @PleasrDAO and $DOG
6/ NFT fractionalization is a defining moment in #crypto. We are witnessing the merging of two dominant themes: #DeFi and #NFTs.
Underlying this merger is the tokenization and financialization of DeFi derivatives coupled with the cultural renaissance powering NFT adoption.
Underlying this merger is the tokenization and financialization of DeFi derivatives coupled with the cultural renaissance powering NFT adoption.
7/ Art, collectibles, memes, and other cultural artifacts are like a mirror held up to our society, reflecting our values and beliefs.
Fractionalization is a breaking of the mirror, so that it can be shared by everyone.
Fractionalization is a breaking of the mirror, so that it can be shared by everyone.
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