Use fractionalized NFTs for business benefits & investment opportunities

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darlydixon

Age: 2023
Total Posts: 0
Points: 10

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Non-fungible tokens are digital assets that are built on the blockchain network. Since they are built on the blockchain network, they cannot be replicated or interchanged with other NFTs. This is due to the fact that the ownership will be secured on the digital ledger. These NFTs are traded on a platform called the NFT marketplace. 

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

  • Immediate liquidity
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  • Simple trade ability across networks.
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  • Numerous users can own
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  • Multi-level experience of advantages because of holding of multiple users.
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Posted 23 May 2022

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