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Fraction SZN
Fractionalize one or more NFTs into ERC20 governance tokens and collectively own the underlying assets.
Fractionalization is a term used to denote the concept of splitting a single NFT into "fractions" that can be owned by multiple individuals.
It is usually used to lower barrier to entry to high-value NFTs; for example, rather than a single person owning a Bored Ape NFT which is currently around 75 ETH to own, that Bored Ape can be fractionalized as a SZNS Collection represented by 75 $COLLECTION tokens (or any arbitrary number) where one $COLLECTION would now be equal to 1 ETH, lowering the purchase price to own a Bored Ape.
Last modified 1yr ago