An NFT marketplace is of two types; open-type and exclusive type. The demand for NFTs is reaching great heights in the digital space. Thus, the digital community is demanding more flexibility in owning NFTs. In order to provide this flexibility, fractionalized NFTs were introduced. An NFT will be divided into multiple smaller NFTs. These NFTs are represented as fungible tokens. Thus, they can be interchanged with NFTs of their respective origin. Therefore, it opens the door for a wide range of benefits for the digital community in the digital space.
Benefits Of Fractionalized NFTs