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fraktion.art

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Blockchain
Solana
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What is fraktion.art?

fraktion.art — a platform, created by the FRAKT team, that aims to free up liquidity from non-financial tokens (NFTs) on Solana.

Contents:

fraktion.art

Description of the fraktion.art project

fraktion.art — an open source protocol that anyone can use to fractionate or chunk an NFT token on Solana. It was built by the Frakt.art team with help from the Metaplex team and is part of the Frakt ecosystem. Fraktionalisation - the division of NFTs into fractions. In short, the protocol locks the NFT in storage and issues tokens, representing parts of the original NFT. These SPL tokens are issued to the owner of the original NFT, so he owns all parts of the original NFT.

Fraktionalisation solves two problems for two types of people:

1 For NFT owners, it helps to free up liquidity that they can use to grow other businesses.
2 For people, looking to buy or invest in NFTs, it allows them to purchase parts of the much more expensive NFTs that are fractionalized.

Fraktion.art has a built-in security mechanism that allows you to fractionalize only NFTs that belong to the original collection. Fractions will be tokens that you would normally keep in your own wallet. This means you can hold onto them and gain access to the price of the original NFT. You can trade them on the OTC market or on Serum DEX, if there are liquidity pools, you can even gift them to friends. If the original NFT is sold, you can exchange it for SOL in the protocol.

Each fragmented NFT is kept in a separate store and locked until the buyout process is complete. Although it is fractionalized, it cannot be accessed or traded.fraktion.art

In fact, you can even compile a portfolio of factions from various NFTs and gain access to all the projects that interest you. After you buy tokens, representing fractions, you will store them so that they appear in your wallet.

fraktion art on social media

On the site, you will find a short description of the site. There is also an introductory document. Thus, each participant can study the features of the project. There are future updates in RoadMap.

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Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.