Fractional NFTs, or non-fungible tokens, represent a new era of asset ownership that’s decentralized and transparent.
A fractional NFT is simply a whole NFT that has been divided into smaller fractions, allowing multiple people to claim ownership of a piece of the same NFT.
The NFT is fractionalized using a smart contract that generates a set number of tokens linked to the indivisible original. These fractions can be traded or exchanged on secondary markets.
Proptee operates the same way. We create one NFT of the title deed
of the property which represents the ownership of the whole property. Then we fractionalise this NFT into smaller pieces via issuing a fungible token, a fraction backed by the NFT.
This way, real estate investing can be truly accessible for anyone, regardless of where they live, what language they speak, or how much money they have. In addition, as the market is bigger, liquidity becomes higher.