Bankless Fractional | AMA with Andy8052
Jul 29, 2021
Discover the groundbreaking concept of fractional ownership, allowing everyone to invest in high-value NFTs. Dive into the innovative protocol that transforms NFTs into fungible tokens, making them accessible for community collaboration. Learn how this model enhances liquidity and opens new avenues in the DeFi landscape. The discussion also touches on maximizing trading efficiency with decentralized exchanges and the fascinating implications of NFT ownership in the metaverse. Engage with unique ideas shaping the future of digital assets!
AI Snips
Chapters
Transcript
Episode notes
Fractionalizing NFTs: Unlocking Liquidity and Community
- Fractionalizing NFTs allows for shared ownership, creating opportunities for broader access and community involvement.
- This unlocks liquidity for high-value NFTs and enables new financial primitives.
NFT Fractionalization: Balancing Ownership and Control
- Majority ownership (51%) in a fractionalized NFT dictates the sale terms, but minority owners influence the reserve price.
- A minimum quorum of 50% is needed to initiate a sale, protecting minority owners from unwanted sales.
Reserve Price Voting: Protecting NFT Value
- Reserve price voting in Fractional becomes relevant after the NFT is fractionalized and tokens are distributed.
- This allows fractional owners to collectively set a minimum acceptable price for the entire NFT, protecting their investment.