How are fractional NFTs transforming the NFT world?

submitted 2 years ago by Blockchaingeek to cryptocurrency

A set of fungible tokens that are bound to the whole is a fractional NFT that has been broken into smaller fractions and sold individually. The actual example of the NFT fractional is the Doge NFT sale, and it sold for a whopping amount of $4 million in June 2021. After some time, the PleasrDAO, who purchased NFT, offered fractional ownership of NFT in $DOG tokens that the purchasing for fans could be as low as $1.