Fractional Art NFTS
Fractional Art NFTs are digital artworks divided into fractional ownership shares or copies recorded on crypto Blockchain technology.
NFTs started around 2017 while Blockchain technology started around 2009.
While a NFT can be used to digitally record ownership of pretty much anything, the first mass appeal use was in the form of digital images or art.
Not all digital images are art, like beauty, art is in the eye of the beholder.
Many popular NFT artists created meme images, which are usually humorous digital images.
Many mass copy or edition NFTs are now created for brands such as sneaker companies like Addidas and Nike as well as White Castle.
Museums are also releasing NFTs of artwork. New digital crypto museums have appeared that are assembling the earliest works to display in virtual online museums that becoming the genesis of an immerse simulation Web 3.0 economy.
Popular artists from IRL are now starting to create NFT projects.
Damien Hirst has created his Currency Project merging IRL art with NFTS.
The world’s most valuable artist in history SOLLOG has created about 10 NFT Projects and many are tied to Virtual Reality Game Projects such as the SimuVerses Game project.
While NFTs started as unique 1 of 1 digital files and some multi copy or edition NFTS then appeared, we have entered a whole new eta of NFT Art by the new Fractional Art NFT tokens.
Some fractional art ties itself to ownership of a 1/1 artwork that has a high valuation by collectors within the NFT community so these are mostly investment projects based on the overall investing hopes of crypto coin investors that view scarcity of a coin as relating to potential value .
These fractional art tokens have no liquidity and only might have value when and if the 1/1 is sold, so that NFT sale will be distributed amongst each fractional art token holder.
The second type of fractional art token has liquidity immediately. A museum or popular artist releases a NFT via a large copy or edition release, once that work has sold out at the release value, it instantly trades on the major NFT exchanges that have multi edition tokens at a floor price for the collection.
While floor prices have usually been used for say PFP projects of a large number of related NFTs in a collection, a large multi edition NFT has a floor price and volume record recorded by Blockchain technology the NFT was created on.
So while multi editions trade instantly on NFT Markets even while a NFT release is still in primary release stage, they do not have to wait for a connected maybe sale one day of a 1/1 tied to it.
Multi edition NFTs are the perfect fractional art nft token instantly as soon as a artist or museum release them.
The secondary market determines the ultimate value of fractional art NFTs, multi copy NFTs have instant liquidity since any owner of a share or copy or edition of the NFT can accept an offer price below it’s current floor value.
Our site features our own wallet showing NFTs we own sharpies or copies of that are fractional art NFT tokens.
Some are multi editions from Museum NFT projects where anyone can own of piece of say a Mona Lisa NFT, or a multi edition NFT from a virtual game project or from a famous artist.
Our site will also feature articles on fractional art NFTS being released or that we acquire.
Our wallet is transparent, the NFTs are all on blockchains. You can see our main wallet on our front door.
Anyone can go to any NFT in our wallet and make an offer on any work of art in our wallet.
Then any owner of that NFt can accept your offer.
Anyone can also instantly buy into any NFT in our wallet IF that NFT has active copies or shares for sale. So owners can not list their copy for sale or list at a price at or above the current floor.
When copies are purchased the floor moves to the next lowest priced copy listed. If none are listed for sale then the highest offer is listed to owners to sell instantly to, since a market holds the offer in escrow for a fee on anyone making an offer.
Offers also show in markets even when copies are available for instant purchase at prices above public offers.
Beware of offers not listed publicly on markets. If anyone contacts you to sell your copy, off the market, you can be scammed easily.
Tell any unsolicited offer maker to make the offer on the market the NFT trades on and you will accept it.
Offers from sites like Discord are usually scams. Your fractional art should be on reputable markets like Opensea.io and your wallet is listed on the public chain the NFT is on as an owner. If you don’t want unsolicited offers keep your ownership of that wallet anonymous.
If you want to use your wallet to promote your social media status list your social media on your Wallet details on the market the NFT is on.
Wallets are anonymous until you claim the wallet on a market place.
However, the wallet shows all transactions forever.
It’s easy to create lots of wallets in your main wallet to hold any NFT you want to hold outside your main wallet.
Our main advice to anyone buying fractional art NFTS is buy what you like to look at. They are art, you can show your NFTs in your home or office, any smart monitor can display your wallet. A guest can interact with the screen and view your collection.
You can make a loop of your NFTS to play nonstop on your display.
As Web 3.0 rolls out your immersive home will have your NFTs in the virtual space you immerse yourself into.
Utility NFTS will give you entry into virtual games and hangouts like virtual bars.
The future is now.