Cardano is getting fractionalized NFTs
Fracada is a new Cardano-based project unveiled by dcSpark, a product-based blockchain firm. Its source code will be made public on Tuesday.
With the use of the Plutus programming language, Fracada will be able to convert non-fungible tokens into “fractions.”
Fractionalization has become a new trend in the NFT industry because it allows individuals who can’t buy the entire item to get a piece of the action.
In layman’s terms, breaking up pricey NFTs into pieces is similar to dividing up a public company’s equity into a large number of shares.
Owners of F-NFTs, on the other hand, should not expect a return on their investment. According to David Carlisle of Ellipti, if token issuers do not comply with security requirements, they risk getting in trouble with regulators.
“Fractionalization raises a variety of problems, such as whether persons who participate in the purchase through fractionalization are ultimately acting as an ‘investment syndicate,’ expecting a return on their investment.”
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