What Are Fractionalized NFTs?

Fractionalized NFTs are a new type of non-fungible tokens (NFTs) that allow investors to purchase a portion of an NFT rather than the entire asset. This means that a single NFT can be divided into smaller parts and sold to multiple investors, each owning a fractional share of the original NFT. The concept of fractional ownership is familiar and has been used in various assets like real estate, art, and stocks. However, applying it to NFTs is a novel concept…