Fractional Non-Fungible Tokens (FNFTs)
Fractional Non-Fungible Tokens (FNFTs) Go To Iranian Embassy Siege on Opensea Fractional NFTs (FNFTs) Many owners of expensive portraits are looking at Fractional Non-Fungible Tokens (FNFTs) to improve the value of their Artwork due to the limited number of people who can afford to purchase a masterpiece. But what are FNFTs and how do they work? In simple terms, an NFT is a digital asset that represents real-world objects like art, music, in-game items, and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. An FNFT is basically the same, but the seller can split the ownership into as many as 10,000+ fractions and sell them digitally to a wider range of admirers of the masterpiece…