How Fractional Ownership Is Bringing Iconic Real-World Objects To The Public
Fractional ownership has become a hot topic in the decentralized world. Now that many industries have integrated blockchain technology, which are the latest industries jumping aboard the trend of fractionalization? How can it improve accessibility to the market of high-end collectibles? Read on to find out. Driven by fast-paced blockchain technology adoption, the concept of fractional ownership has had a recent increase in its usage and familiarity on the world scene. As a result, what was once an idea understood mainly by those operating in the stock market is now part of the vernacular....
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Fractional NFTs enable users to divide an NFT into multiple fractions, reducing the barrier to entry for investing in real-world assets. While nonfungible tokens (NFTs) are currently suffering in the bowels of a bear market, some are using this time to build and develop new concepts with the technology.Once such new concept is fractional NFTs — an iteration of NFTs that enable multiple investors to own a piece of a single token. These NFTs differ from regular NFTs in that they employ smart contracts to fractionalize the token into a number of parts predetermined by the owner or issuing....
Crypto adoption in the real estate market could see fractional property ownership becoming more popular. Fractional ownership of buildings and property developments is becoming one of the adoption areas for blockchain technology in the real estate business. From democratizing access to real estate investment to improving liquidity in the market, there is an argument to be made for tokenization being a net positive for the real estate space.Tokenization via fractional real estate investment is also another example of the emerging “sharing economy” that seems to be encouraging crowdfunded....
The tremendous development of the NFT utility in the last few years has opened up the potential for mass adoption across different industry verticals. Currently, the only thing limiting the growth of the NFT space is the human imagination, which as evident from the past, is meant to expand with time. Recently NFTs have integrated themselves with the growing sector of Real Estate and developed a metaverse where everything can be purchased and owned as NFTs. Futurent has emerged as the forerunner of the NFT real estate and metaverse sector with its unique approach and unparalleled rewards.....
Ralf Kubli said that smart contracts can create fractionalization agreements and divide plots of metaverse land that can be leased out individually. As metaverse land assets become more expensive, ownership becomes harder for normal users. Because of this, Ralf Kubli, Board Member at the Casper Association, argues that fractional ownership, similar to property loans in the real world, may gain traction within the virtual space through nonfungible tokens (NFTs). Kubli told Cointelegraph that understanding fractional ownership within the metaverse is very similar to the legacy property....
PRESS RELEASE. Toronto, July 19, 2021 – FOHO is building a transparent fractional ownership marketplace that uses the wisdom of crowds to uncover deals, hold sellers and property managers accountable and manage usage and income disbursal for real estate assets. Their modus operandi revolves around a trust-incentivized system. The platform is backed by Tangentia – one of the fastest-growing technology companies in Canada and Tripvillas – a leader in the development and management of Vacation homes. FOHO Coin – a utility token for use on the FOHO Ecosystem today....