Company attributes
Location
AngelList URL
Pitchbook URL
Investors
Total Funding Amount (USD)
7,900,000
Latest Funding Round Date
August 20, 2021
Latest Funding Type
Wellfound ID
Other attributes
Company Operating Status
Active
Invested in
Latest Funding Round Amount (USD)
7,900,000
Ticker Symbol
ERC20
Fractional is a decentralized protocol where NFT owners can mint tokenized fractional ownership of their NFTs. These tokens then function as normal ERC20 tokens which have governance over the NFT that they own.
Through Fractional, it will become easy to buy and hold a percentage of an NFT. This allows users who have been previously priced out of certain NFTs or artists (such as Beeple) to be able to buy a piece of their work. Alongside this, fractionalizing an NFT allows for the NFT holder to be able to see some liquidity from their asset without selling the entire piece.
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