Quote from: shinratensei_ on Today at 03:52:20 AM

Quote from: AltLord on June 15, 2024, 08:40:54 AM

My dilemma is what happens when an individual decides to buy the whole of one particular NFT and the fractional owners sell it to him, does he own the real-life artwork or only an NFT?

from my understanding, when you own fraction of NFT, doesn't mean NFT get split apart, it's stored in a vault, and then the vault will issue the fractional ownership, when you own all the fragments, you can merge and unlock the vault.

Quote from: AltLord on June 15, 2024, 08:40:54 AM

What could be the advantages of owning fraction of NFTs like these?

the advantage is that you can profit off something without needing to buy the whole thing, owning an expensive NFT is expensive, but with fractional ownership, you can profit when NFT price shoots up because you also partially owned it at cheaper price since it's just fragment, in a nutshell, opening up opportunity for people with not so big capital.

And then you would be able to sell it off to those who got most of the fragments if the person is searching to get the full - picture -, as a puzzle. That sounds like a fine and interesting concept.