Fractional Investing Company Public Acquires NFT Startup Otis
The fractional investing company Public announced the acquisition of the digital collectibles and non-fungible token (NFT) technology startup Otis. Public’s co-CEO believes the acquisition will give Public the ability to provide people with the only place in the world “where people can invest in — and build a modern portfolio with — any fractional asset.” ‘Fractionalizing Any Asset’ — Social Investing Firm Public Acquires NFT Startup Otis On March 9, the investing company Public explained in a blog post that the firm has....
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As both fractional and traditional non-fungible tokens (NFTs) have seen exponential growth this year, the firm Otis has announced the launch of a marketplace called Otis House. The platform is a new NFT project that turns physical items into NFTs, and the tokens can be traded at any time for the physical items stored in a vault. The platform has launched the auction of six assets that include a vintage Super Mario Bros 3 video game and a rare Bob Ross painting.
Otis House Aims to Bridge NFTs and Physical Collectibles
While NFTs have been a hot subject in 2021, Bitcoin.com News....
Investing platform Public, with over 1 million users, is rolling out cryptocurrency trading. “Crypto is gaining momentum as a compelling asset class for millions of investors,” the company said.
Public Launches Cryptocurrency Trading
Investing platform Public describes itself as “the investing social network where members can own fractional shares of stocks and ETFs [exchange-traded funds], follow popular creators, and share ideas within a community of investors.” The company announced Thursday:
Today, we’re adding crypto on Public.....
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....
Company builder Centralway is investing $250,000 in bitcoin startup Buttercoin via its new early-stage investment arm Centralway Ventures. The company, which is set to be headquartered in Somerset House in London, will invest $50m each year in around 20 or 30 startup firms at the seed or early stage plus in bigger Series A funding rounds, TechCrunch reports. It said its preference will be to invest in companies early on and then continue investing in the same businesses as they grow. Buttercoin, which was founded earlier this year, is the first company Centralway Ventures is investing in.....
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....