Hello to my friends who love life and always smile despite all kinds of negativity. It is the Non Fungible Token and its products that shape and drive the cryptocurrency markets today. With the development of this technology, its derivatives began to form. One of the prominent ones is Fractionalized NFT (F-NFT). So what is F-NFT… ? What is the intended use … ? Does it have a future…? Together we will try to find the answers to these questions…
If you're ready, let's get started...
First of all, I recommend you to read my Non Fungible Token article. In this article, what NFT is has been examined in detail.
Fractionalized NFT (F-NFT); It is to make it possible to sell NFTized works to more than one person. It has come to the fore again due to the fact that the new series of CryptoPunks avatars will be produced in the form of Fractionalized NFT.
As NFTs continue to grow in popularity, the price of owning a single NFT is getting more and more expensive. In Fractionalized NFT (F-NFT), democratized ownership is likely to remain relatively high for market activity around this NFT as more people can participate at lower prices, even if the NFT offer price rises. Even if one of the owners of this NFT decides to sell it, this move will not affect the overall value held by other stakeholders.
Fractionalized NFT (F-NFT) also bring a great deal of liquidity to the NFT market. While NFTs are hot right now, their unchangeability will eventually lead to a lack of liquidity in most of the currently emerging NFT markets. Replaceable tokens generated by the smart contract to represent ownership in NFT can be traded on other secondary platforms to add more liquidity.
CryptoPunks are the first known NFTs built by Larva Labs and embedded in the Ethereum blockchain with 10,000 avatars. Avatars are a series of different forms and include pixelated smileys. In addition, CryptoPunks avatars, which are the first NFT series, find their buyers at very high prices.
According to CryptoSlam, which tracks NFT transactions, the most expensive NFT collectible sale was a CryptoPunks avatar. This avatar, numbered 7804, sold for $7.7 million.
The user who buys a parcel on the Decentraland (Blockchain-based virtual game platform) platform has the right to build a building on the parcel or to rent the parcel. Thanks to F-NFT; parcel owners have the right to construct buildings among themselves and to benefit from services.
A few examples of F-NFT platforms;
UNICLY
Users can lock an NFT collection via Unicly to issue exchangeable share tokens called uTokens. uToken basically represents ownership of the NFT collection. uToken has administrative rights over the collection, such as deciding which NFTs can be included in the collection.
NIFTEX
https://landing.niftex.com/index.html
Niftex is one of the first piecemeal NFT projects. Similar to Unicly, it allows users to print fractionated NFTs that can be called shards
At the end of my article; Fractions have various applications in both the physical and virtual world. Bringing liquidity, price discovery and democratization to the NFT market opens up many new opportunities. An NFT can represent a mortgage on a home, and more than one person can take ownership of the property in fractions. Alternatively, this approach can be used for digital art, online games, fantasy sports and more. You can crowdfund and co-own an asset by converting a virtual gaming product into an F-NFT. The possibilities for investment strategies with Fractionalized NFT (F-NFT) are endless.
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