Fractionalized NFTs Coming to Cardano
Blockchain product startup dcSpark has announced the release of a new Cardano-based project called Fracada, which will turn non-fungible tokens into fractions using the Plutus programming language.
The release date is set for September 28th.
The process of splitting an NFT into pieces can be compared to dividing the capital of public companies into a huge number of shares.
However, F-NFT (Partial Token) holders should not expect a return on their investment. According to David Carlisle of Ellipti, fractionalization is starting to raise a number of questions about things like how people participate in buying through fractionation, ultimately functioning as an “investment syndicate,” and they expect a return on their investment.